The public should have a full accounting of who is funding them as well as what their interests and expectations are. Likewise, revenue and operational costs should be fully disclosed, even as it is a private company.
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Bluesky’s most recent funding round came from Blockchain Capital LLC. Given that crypto interests spent at least $200mm (more than Big Oil) in this last cycle, this should be of some concern. Crypto interests are trying to capture governments globally. If Bluesky is part of that, it’s a problem.
Deciding whether to invest in new platforms is a particular concern for creators who have faced platform capture again and again. Working to build up an audience only to see it bought by a hostile owner is a kind of theft.
I personally am disinclined to invest in any other corporate-owned platforms that won’t make minimum promises that they will not be subject to capture. Obviously it is difficult to guarantee, but governance and structure go a long way.
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https://x.com/kay4bluetexas/status/1855359811644457051?s=46
structural deficits.
1) publication of a firm “trust story,” with full disclosure of funders and their expectations,
2) a second Bluesky service run by a different operator,
3) proliferation of “N” Bluesky services run by multiple operators.