this post was submitted on 20 Nov 2024
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[–] SnotFlickerman@lemmy.blahaj.zone 58 points 2 days ago* (last edited 2 days ago) (4 children)

https://bsky.social/about/blog/10-24-2024-series-a

We’re excited to announce that we’ve raised a $15 million Series A financing led by Blockchain Capital

In other words, the enshittification is coming. Because Bluesky is backed by crypto-bro venture capital.

A lot of hay is being made about Bluesky but despite literal oligarchs taking over the country, I guess rich people dictating how our systems work is what people want because apparently Mastodon is too much to ask of individuals.

We can talk about Bluesky and how great their tech is all we want, but unless we address the elephant in the room, venture capital that wants a return on their investment, we're just spiraling the same stupid fucking drain we've been down with every social media preceding it.

[–] DaseinPickle@leminal.space 23 points 2 days ago (2 children)

Maybe Mastodon should take a moment to learn something. Everybody on Reddit is praising all the moderation capabilities of Bluesky, the ability to create block lists and starter packs. The way you can verify your user by using your own domain as a handle.

Instead of complaining about users, which is pointless, make Mastodon better. Users won’t come to Mastodon by shaming them for being stupid.

[–] Kichae@lemmy.ca 10 points 2 days ago

Everybody on Reddit is praising all the moderation capabilities of Bluesky

Bluesky is an unmoderated space. People don't seem to know what "moderation" is anymore. It's not the ability for end users to block other end users.

block lists and starter packs

This is a bigger issue than it seems, because the people building and using the fediverse care very strongly about things like trust and consent, and so discussions around stuff like this get stifled.

It's not a technological issue with Mastodon. It's a social one, with the fediverse at large. The place is swarming with people who will openly attack you for making the place more comfortable to less technically adept users, because they themselves were bullied off of Twitter.

Like, this is the real issue the fediverse can't get traction. People will overcome other hurdles, and develop work arounds for other limitations. But being treated as unwelcome tourists by the people who are already here? No, they won't do that.

The way you can verify your user by using your own domain as a handle.

This is a core feature of the fediverse. Run your own server, use your own domain. And mastodon offers secondary validation by adding an ID string to your website that it can check and verify.

[–] shittydwarf@lemmy.dbzer0.com 21 points 2 days ago* (last edited 2 days ago)

Users to VCs in a year or two: "Curse your sudden but inevitable betrayal"

[–] lychee@lemmy.blahaj.zone 13 points 2 days ago

Capitalists need to be regulated (forced) to play nice, without that it's gonna be the same song, same dance for the rest of time. And it's not gonna happen anytime soon by the looks of things

15 million Series A financing

Maybe shitty corporate search engines are failing me, but has there been a stated valuation for Bluesky? Googling 'Bluesky valuation" or any combination thereof is a problem since that's a business term so lol, lmao, search engine worthless.

$8m seed + $15m A series may be a shockingly small amount of equity, or it could be the whole damn company but I'm just not seeing it actually posted anywhere.