I would rather see Bluesky replace Twitter than give the field to Facebook/Instagram/WhatsApp/Threads, but until Bluesky keeps its promises re decentralization I don't trust it, either. I'll post some stuff there but I won't move away from here.
@dangillmor even if it didn't have less than desirable ownership, it's still going to go the same way as Twitter. It's a carbon copy in how it's structured, and how posts generate traffic. The tools the bots, trolls and hidden parties used to create clicks in Twitter are now well established. Through rage bait and misinformation, they manipulated the algorithm that promotes engagement. The tools were made for Twitter, but they'll work just as well in Threads and Bluesky.