Remember the VC-funded social network that I had pointed out had problematic cryptocurrency space funding, but folks said "don't worry their CEO can be trusted and knows what she's doing"?
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Remember the VC-funded social network that I had pointed out had problematic cryptocurrency space funding, but folks said "don't worry their CEO can be trusted and knows what she's doing"?
Their CEO just stepped down, and now it got $100m more VC funding largely from more cryptocurrency space folks:
https://techcrunch.com/2026/03/19/bluesky-announces-100m-series-b-after-ceo-transition/"Don't worry, it's decentralized!" – well, let's just say I am not holding my breath for that either.
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Remember the VC-funded social network that I had pointed out had problematic cryptocurrency space funding, but folks said "don't worry their CEO can be trusted and knows what she's doing"?
Their CEO just stepped down, and now it got $100m more VC funding largely from more cryptocurrency space folks:
https://techcrunch.com/2026/03/19/bluesky-announces-100m-series-b-after-ceo-transition/"Don't worry, it's decentralized!" – well, let's just say I am not holding my breath for that either.
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@Laukidh this is good news. I am still unconvinced by the "few huge silos" model of decentralization. Fedi-style federated model seems much better and less ripe for abuse and enshittification to me.
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M monkee@chaos.social shared this topic
