Bijan
Jerry ๐ฆ๐๐ฆIt sounds like bsky is scrambling to add capacity and so they have limited some functionality. At their scale, I am left wondering how exactly they are paying for it since I donโt think they have an actual revenue stream. Perhaps I am wrong on that.
Viss
@Viss it reminds me of the saying about boats being a hole in the water that you throw money into
@jerry im willing to bet the word in that blurb doing the most heavy lifting is 'hyperfinancialize'. im fully expecting some token or coin or microtransaction bullshit to show up. they're gonna try and compete with square cash or venmo or whatever by letting people pay one another in cryptocurrency.
its possible that they wont, but the sheer fact the 'lead investor' is called blockchain capital is ... foreshadowing
@Viss great. My eyes are bleeding now.
@jerry we need a pneumatic tube system so i can ftoonk you over a burrito
lovecraftian zero-day vector@pixelnull tf2 called. they said SPYS SAPPIN MY SENTRY
Joyce Bell 
๐บ๐ฆ๐จ๐ฆ๐ฒ๐ฝ@Viss @jerry Blockchain Capital = Brock Pierce
https://www.nytimes.com/2024/08/13/technology/brock-pierce-crypto-puerto-rico.html
https://www.nytimes.com/2024/08/13/technology/brock-pierce-crypto-puerto-rico.html
@joycebell @jerry here's the unpaywalled version
@joycebell @jerry yeesh, this reads like bsky is headed for the gallows if this guy has any say in stuff
@Viss @jerry No kidding! Or at least a crypto bailout. BTW Trump nominee for Commerce Secretary and Trump transition team guy, Howard Lutnick, has a Tether connection. https://finance.yahoo.com/news/howard-lutnick-tethers-wall-street-160342484.html
Matt Franz@jerry LOL. Like Twitter in 2009? ๐
[ Jer moved instances ]
Anders Puck Nielsen@jerry Itโs VC money. They have announced that there will be a subscription service for premium functionality.
T2R@jerry From what I heard on NPR they were looking at adding a subscription to post higher quality video on the platform. Probably just the start of things.
Everyday.Human Derek@jerry howโs fedi been expanding ?
@EVDHmn mainly through donations. At least that has been the case for me.
joy larkin ๐บโจ@jerry They have several rounds of funding, the most recent being at $15M.
@jerry Crunchbase says Bluesky's total funding is $36M https://www.crunchbase.com/organization/bluesky-514d
RockManJoe@jerry American capitalism at work! Gain users' information and then sell it to the highest bidders. The founders walk away with money while another company transforms the product using your personal data. It's called Meta...
NosirrahSec ๐ดโโ ๏ธ guillotine enthusiast@jerry The time before ad injection goes into hyperdrive is now much closer to ending.
Then, when they get a lick of that delicious revenue, they'll start drizzling it on every meal.
I predict they'll be almost indiscernible from twitter when it took its turn to the worst inside of 5 years, or less.
Then, they'll all rug-pull a la cryptobro 101, and act like the failures weren't of their own creation.
katrintheresa@jerry I caved (even though I was annoyed) and started an account strictly for my education content because I get good stuff for my professionsโ many teachers migrated recently ๐. Today an Ed Tech teacher recommended we buy a domainโฆ so I paid about $17 for a 1 year .com (custom domain name)โ auto set DNS
someone please explain the benefits past the obvious!
Andrew Kalat@jerry Live view of the VCsโฆ
Farce Majeure@jerry well, they're buying hardware instead of clouding it up, which has the advantage that in the near term that looks like one-time costs, and in the long term it means lower recurring costs. So that's handy. The staff seems pretty small, too.
Jeff Moss@thedarktangent @jerry yeah it's weird, huh?
samiamsamonce they get everyone comfy there, they will unleash the bad actors
๐ผ๐ฎ๐ป๐ช๐น๐ช๐ฝ๐ฑใใใโฎ(๐๐บ๐ธ)
itgrrl 
@jerry VC ๐ฐ๐ฐ๐ฐ
joel b@jerry I'm honestly rooting for them because I don't want their new users to return to their previous habit.
Adam Demasi@jerry As much as I'm worried about the long-term sustainability once the VC money dries up, Bluesky is working fine. Which is impressive because they apparently entirely use their own infra, no cloud, and have servers on order to expand capacity.
Joe ๐๏ธ King of NYNEX 
Bill Plein๐ถ@jerry Burning VC cash.
SpaceLifeFormBluesky: Such a pretty blue sky, let's paint it with ads.
esmevane, sorry@jerry securing 15m will help but I think they decided to go on prem for critical hardware so they literally have to wait for delivery in some cases
bison โ
@jerry they got cryptobro moneys https://en.wikipedia.org/wiki/Bluesky#Public_launch ctrl+f for crypto
@bison even crypto bros expect a return though
@jerry oh yes, and they are playing the long game.
like twitter before, they had 1 year? that actually made more money than they were spending?
twitter never had a working business model, its all about the payout/buyout.
we will see how this will turn out / what the scheme is
like twitter before, they had 1 year? that actually made more money than they were spending?
twitter never had a working business model, its all about the payout/buyout.
we will see how this will turn out / what the scheme is
elle mundy@jerry theyโre vc funded by a firm called โblockchain capital.โ i wish i was joking
Seiรฐr@jerry Ah, yes, reproducing the old patterns of offering something "for free" to get people in and then selling their data and their attention to advertisersโฆ And that's just for starters, of course.