This is why I have been trying to warn about #BlueSky.
BlueSky has just been partially bought by a cryptocurrency company "Blockchain Capital" and appointed a blockchain / cryptocurrency expert to their board:
bsky.social/about/blog/10-24-2…
The board member is a bitcoin researcher involved with NFT analytics.
BlueSky describe the tie-up with Blockchain Capital as a "natural partnership" and says the blockchain company has "a uniquely deep understanding of our decentralized foundation".
(via @jwz)
Bluesky Announces Series A to Grow Network of 13M+ Users - Bluesky
Bluesky now exceeds 13 million users, the AT Protocol developer ecosystem continues to grow, and we’ve shipped highly requested features like direct messages and video.Bluesky
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𝔻𝕚𝕖𝕘𝕠 🦝🧑🏻💻🍕 likes this.
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W6KME
in reply to Fedi.Tips • • •Kailee ♾️ Voting Midterms God
in reply to Fedi.Tips • • •bluesky is nazi Jack, elons bff, new scam. Ditch that trash. delete bluesky & fb.
@FediTips @jwz
Tor Iver Wilhelmsen
in reply to Kailee ♾️ Voting Midterms God • • •jwz
in reply to Tor Iver Wilhelmsen • • •reshared this
Oblomov reshared this.
Oblomov
in reply to jwz • • •and he left BS to back nostr, that was a cryptoshilling decentralized social network right from the start.
Vint Prox
in reply to Fedi.Tips • • •Just Bob 🇺🇲♒🐧🪖
in reply to Fedi.Tips • • •Just another corporation. Been saying that all along but some people block and "report" me for the truth.
Truth haters are welcome to block me but reporting me to the admin is useless because I AM an admin on Beamship 😂
Dragon-sided D
in reply to Fedi.Tips • • •People think NFTs are for money laundering.
When in fact the more pernicious use is #surveillance
en.wikipedia.org/wiki/Dusting_…
attack on cryptocurrency wallet
Contributors to Wikimedia projects (Wikimedia Foundation, Inc.)Quokka
in reply to Fedi.Tips • • •Oblomov reshared this.
Fedi.Tips
in reply to Quokka • • •@quokka1
Possibly! Also, it's strange they would say that about Blockchain Capital if they had no intention of incorporating blockchain 🤮 into BlueSky.
Syn-(t)ACK.sys
in reply to Fedi.Tips • • •@quokka1 I'd expect some sort of announcement of a "partnership" or "merger" between Nostr and Bluesky sometime soon.
Dorsey's all in on crypto and since he's the primary shareholder in bsky, this announcement should come as a surprise and shock to absolutely no one. It was just a matter of time since the platform was released, because the AT protocol was designed for cyrptocurrency integration.
So now all the crypto spam that riddles Nosr is coming to a Bluesky instance near you. Buckle up, buttercup!
Dinner Pancakes
in reply to Fedi.Tips • • •Everyday.Human Derek
in reply to Fedi.Tips • • •huntingdon
in reply to Fedi.Tips • • •LOL. Where does the corporate apology industry come up with these fake descriptions? A social networking company needs a "natural partnership" with a cryptocurrency company, like a fish needs a bicycle.
The absurdity and betrayal of customers is typical of private equity, not a responsible social networking company that claims to honor its customers' privacy.
Sean 📱
in reply to Fedi.Tips • • •While true, the team in that article also state that they "will not hyperfinancialize the social experience (through tokens, crypto trading, NFTs, etc.)"
I do hope that this remains true, as the more alternatives to the bird site, the better. A lot of people still see Mastodon as too isolated, which is fair.
FediThing 🏳️🌈
in reply to Sean 📱 • • •The statement means nothing though.
It doesn't say they won't use those things, it just says they won't "hyperfinancialize the social experience" with those things. What does that actually mean? Why didn't they just say "We won't use them"?
What we do know is they've appointed to the board someone whose expertise consists entirely of bitcoin, NFTs, DAOs and blockchain:
forbes.com/profile/kinjal-shah…
"... researched bitcoin, ... joined crypto VC firm Blockchain Capital... funding round for an NFT analytics platform... cofounder of a decentralized autonomous organization (DAO)..."
Kinjal Shah
Kinjal Shah (Forbes)Sean 📱
in reply to FediThing 🏳️🌈 • • •FediThing 🏳️🌈
in reply to Sean 📱 • • •@sirsean
They've just partially sold themselves to Blockchain Capital and appointed someone to the board whose entire expertise is blockchain, bitcoin, NFTs, DAOs.
Why would they do that if they intend to ignore blockchain and make money from video subscriptions?
lori
in reply to FediThing 🏳️🌈 • • •Hisham
in reply to Sean 📱 • • •xinit ☕
in reply to Sean 📱 • • •@sirsean I feel like the isolation here (from widespread advertisements, from open propaganda, etc) should be treated more as a feature, not a bug.
@FediTips @jwz
Sean 📱
in reply to xinit ☕ • • •@xinit That's a good point, but a flow on effect of that, is isolation from a younger audience.
Unfortunately Mastodon doesn't have the attention of the younger audience, which leads to an average age similar to that of Facebook and LinkedIn, rather than Twitter, Instagram.
Thus, if you want to see discussions and opinions for an older age group, Mastodon is great. If you want the younger audience, you'll have to look elsewhere.
xinit ☕
in reply to Sean 📱 • • •@sirsean maybe the way forward is with an easy to learn instance that has roughly the same function as a BlueSky would with regard to Fedi, but run non-profit. No need to pick an instance for the 20 something's.
With a clean app, etc that could appeal to the people raised on corporate algorithms (CA). Hell, an open recommendation engine that simulates those CA, but with accessible configuration for a feed. Dial up the noise, dial down the signal, or whatever you prefer.
@FediTips @jwz
lori
in reply to xinit ☕ • • •xinit ☕
in reply to lori • • •@lori full account portability would be nice, especially if there were a way to trigger it securely should an instance shit down spontaneously.
@sirsean @FediTips @jwz
Lucid00
in reply to xinit ☕ • • •@xinit @lori @sirsean Sadly full account portability would require public key cryptography which was dropped in one of the Mastodon updates and was barely supported to begin with.
It's also why Bluesky went with a new protocol instead of ActivityPub.
That portability only works if follows, posts, likes and reposts aren't tied to domains and are instead tied to cryptographic keys.
FediThing 🏳️🌈
Unknown parent • • •@angiebaby
Blockchain is nothing to do with AI/LLM?
DTrasler Writing
in reply to Fedi.Tips • • •P Stewart
in reply to Fedi.Tips • • •Cassandra
in reply to Fedi.Tips • • •J. Steven York RESISTS
in reply to Fedi.Tips • • •DB
in reply to Fedi.Tips • • •thairanaru
in reply to Fedi.Tips • • •clacke: exhausted pixie dream boy 🇸🇪🇭🇰💙💛 likes this.
Justin ⏚
in reply to Fedi.Tips • • •clacke: exhausted pixie dream boy 🇸🇪🇭🇰💙💛 likes this.
Rhode PVD
in reply to Fedi.Tips • • •Zunekix
in reply to Fedi.Tips • • •PKPs Powerfromspace1
in reply to Fedi.Tips • • •Delta Sierra
in reply to Fedi.Tips • • •adrian
in reply to Fedi.Tips • • •From what I gather in the comments, it seems the users are okay with it as long as there are no actual crypto stuff and no ads. Not a high bar to clear, but when your other experience is with Twitter, you'd take what you can get.
The Fediverse is still the more optimal choice, but overall I'm more cautiously optimistic about Bluesky rn. It's interesting to see how it will sustain itself in the future without succumbing to ads, and maybe there's lessons to learn from it too.
Neil Brutalist
in reply to Fedi.Tips • • •Supportive Tree-based lifeform
in reply to Fedi.Tips • • •𝕎𝕖𝕤𝕤𝕖𝕩𝕎𝕖𝕒𝕥𝕙𝕖𝕣
in reply to Fedi.Tips • • •Pup Tobby
in reply to Fedi.Tips • • •Edelruth In The Wrong Timeline
in reply to Fedi.Tips • • •Just this once I would like to have been wrong.
But no.
Simon Dassow
in reply to Fedi.Tips • • •FediThing 🏳️🌈
Unknown parent • • •@alebaffa
None of this is speculation, the text is all directly from their own press release.
"They say the won't make any use of crypto-shit"
That's not what they said. The only thing they ruled out was "hyperfinancializing the social experience", but that phrase doesn't mean anything.
Here's what it comes down to: why would they partially sell themselves to a blockchain company and put a blockchain expert on the board if they don't intend to use blockchain?
BlueStaggo :blobfoxcomfycomputer:
in reply to Fedi.Tips • • •So this isn't as bad as people make it out to be. Is the lack of information in the post an act of fearmongering? Possibly. Read your news, people!
FediThing 🏳️🌈
in reply to BlueStaggo :blobfoxcomfycomputer: • • •@bluestaggo
The only thing that statement says about their future is they won't "hyperfinancialize the user experience".
As that phrase is meaningless, they haven't really said anything about their future plans.
What we do know for sure from the press release is they have just partially sold themselves to a blockchain company, and appointed a blockchain specialist to their board. We also know their CEO has a background in blockchain and cryptocurrencies too.
FediThing 🏳️🌈
Unknown parent • • •" they'll pay that back in a year."
This isn't a loan. The blockchain VCs now have partial ownership of Bluesky and a seat on the board. They will want profits, and then bigger profits after that, forever. It's not sustainable.
Also, even before this deal, the CEO of BlueSky is also from a blockchain/cryptocurrency background.
As far as I can tell, most of the BlueSky board is now blockchain/cryptocurrency people.
Flauschdompteur
Unknown parent • • •Flauschdompteur
in reply to Flauschdompteur • • •Arne Babenhauserheide
in reply to Fedi.Tips • • •yes, that was to be expected.
I’m glad that Mastodon is licensed under AGPL, because that makes it much less likely to be proprietarized (as long as a diverse enough group of people contributes).
@jwz
FediThing 🏳️🌈
Unknown parent • • •jwz
in reply to Fedi.Tips • • •FediThing 🏳️🌈
Unknown parent • • •@alebaffa
VCs aren't interested in building serious use cases, they're interested in making as much money as possible and then selling to someone else.
That's why so much of the internet is "enshittified", because the owners of sites and services care more about getting rich than what actually happens to the users or services they build.
Blockchain seems to encourage this behaviour to go to extremes, as seen in the documentary "Line Goes Up":
youtube.com/watch?v=YQ_xWvX1n9…
- YouTube
www.youtube.comThe Enemy is Within
in reply to Fedi.Tips • • •Xoa Gray
in reply to Fedi.Tips • • •Juanlu
in reply to Fedi.Tips • • •lori
Unknown parent • • •patricus
in reply to Fedi.Tips • • •had read the post and nothing bad there.
Alex Chapman
in reply to Fedi.Tips • • •FediThing 🏳️🌈
in reply to Alex Chapman • • •"A series funding" means buying part of the company:
investopedia.com/articles/pers…
"Series A, B, and C are funding rounds ... providing outside investors the opportunity to invest cash in a growing company in exchange for equity or partial ownership. ... The terms come from the series of stock being issued by the capital-seeking company."
When you take funding like this, you are giving them ownership of part of your company.
And the blog does not say they won't use blockchain. They say they won't "hyperfinancialize the social experience" but this is a meaningless phrase.
What Is Series Funding A, B, and C?
Nathan Reiff (Investopedia)Alex Chapman
in reply to FediThing 🏳️🌈 • • •Ehay2k
in reply to Fedi.Tips • • •Yeah, Bluesky is not worth it. Just more tech bros in power. Plus, their attempts to filter content are laughable and are often self defeating.
But I need to know, WTF is an "NFT Analyst"?!? Seems like a pretty simple gig, tbh. I think Keanu Reeves showed that he nailed the job requirements here:
youtu.be/h0-fYXR3M2o?si=oaZENy…
#nfts #keanureeves #bluesky
- YouTube
youtu.beVia Artis Konsort
in reply to Fedi.Tips • • •BlueSky writes in the announcement:
"Our lead, Blockchain Capital, shares our philosophy that technology should serve the user, not the reverse — the technology being used should never come at the expense of the user experience".
Ah, the user experience! Meta (or any other big-tech company in the surveillance capitalism league) would probably come up with a simular statement if asked ...!
The Incredible G
in reply to Fedi.Tips • • •Bit_form
in reply to Fedi.Tips • • •Alessandro
Unknown parent • • •@FediThing At some point I think it's what will happen: Bluesky will introduce paid plans for advanced features, but the protocol is anyway open and your data are yours.
Want to build something new with AT Proto? Go on, nobody will stop you.
VCs are happy, people are happy too.
It's not black or white.
FediThing 🏳️🌈
in reply to Alessandro • • •They absolutely will stop me, because AT protocol is deliberately structured to depend on expensive relay servers which I cannot afford to run myself.
This is in contrast to ActivityPub where running your own server costs a tiny fraction of the price and is truly independent.
AT seems to have been designed to make companies money rather than give control to the grassroots community.
Fedi.Tips
in reply to Fedi.Tips • • •p.s. A number of people have pointed out that the current CEO of BlueSky is also from a blockchain/cryptocurrency background:
2015 - Engineer at blockchain company SkuChain
2015 - Worked assembling bitcoin mining equipment
2016 - Developer on Zcash cryptocurrency
2019 - Happening Inc founder (cannot find any trace of this, no idea if it involves blockchain)
2021 - CEO of BlueSky
Also, the current BlueSky board seems to be three people: two blockchain experts and one non-blockchain person.
Oblomov reshared this.
Carl B. Latro
in reply to Fedi.Tips • • •Michael Freebie 💯
in reply to Fedi.Tips • • •The problem in our society today is that everyone thinks IT services are free. I donate to Mastodon and my instant operator every month. I doubt whether my contribution covers the costs, but I am doing something.
Only a fraction of people do this. And probably even fewer at BlueSky. I suspect that BlueSky will start advertising sooner or later.
steeb
in reply to Fedi.Tips • • •Micr0byte
in reply to Fedi.Tips • • •Протест и сопротивление
in reply to Fedi.Tips • • •No surprises here. Bsky scored very high on my enshittification bingo card since day one, but there's no need to go through the whole list. The most important parts:
- Is it closed source? Yes (partially).
- Is it for-profit? Yes.
- Is it centralized? Yes.
Such projects turn into garbage very fast these days. Historically, the process was much slower (although the end result was the same).
꧁ᐊ𰻞ᵕ̣̣̣̣̣̣́́♛ᵕ̣̣̣̣̣̣́́𰻞ᐅ꧂
in reply to Fedi.Tips • • •MaxTheFox
in reply to Fedi.Tips • • •Possibly a Dog
in reply to Fedi.Tips • • •fyi I wrote up a semi-technical bit on BS’s so-called decentralization here
beige.party/@possibledog/11336…
And it hit hackernews here
news.ycombinator.com/item?id=4…
which actually has some good back-and-forth with some actual #BlueSky devs and others. I think the BlueSky devs and ATProtocol hobbyists have some good ideas and good intentions, but they’re also being used by a company that’s owned by assholes and driven by greed.
Bluesky Is Not Decentralized | Hacker News
news.ycombinator.comPossibly a Dog
2024-10-25 12:07:37
Moved
in reply to Fedi.Tips • • •I didn't think that they were privacy respecting in the first place lol
They've always looked sketchy to me
Toni Aittoniemi
in reply to Fedi.Tips • • •Glenn
in reply to Fedi.Tips • • •FediThing 🏳️🌈
in reply to Glenn • • •It's not someone giving someone else money. This isn't a loan or a donation.
Bluesky are (partially) selling themselves to Blockchain Capital, that's why there is someone from Blockchain Capital on Bluesky's board now.
Selling your company to VCs tends to lead to enshittification because VCs usually want lots of profits and growth, even if it's unsustainable in the long term. There's an example of something similar happening here: waxy.org/2024/01/the-quiet-dea…
The Quiet Death of Ello's Big Dreams - Waxy.org
Andy Baio (Waxy.org)