BlueSky wants you to trust them, but they raised $100 million from a crypto fund almost a YEAR AGO and didn't tell anyone.
https://techcrunch.com/2026/03/19/bluesky-announces-100m-series-b-after-ceo-transition/
BlueSky wants you to trust them, but they raised $100 million from a crypto fund almost a YEAR AGO and didn't tell anyone.
https://techcrunch.com/2026/03/19/bluesky-announces-100m-series-b-after-ceo-transition/
@dangillmor you can't be a profitable investment without some sort of user exploitation - adverts, tracking, data mining
BSky is just a Meta waiting game
Maybe try to pump it up and sell it for billions before the next presidential election. They're harvesting data like crazy.
I worked for Bain Capital once. This doesn't suprise me at all.

My "we will not hyperfinancialize the social experience through tokens, crypto trading or NFTs" t-shirt has people asking a lot of questions already answered by my t-shirt. No not that crypto-grifter. These are different crypto-grifters: We're excited to announce that we've raised a $15 million Series A financing led by Blockchain Capital [...] This does not change the fact that the Bluesky ...
that graphic has intriguing choices
* that the crypto grifter is wearing a wedding ring
* that the fists are upside down on the steering wheel; that is a really really uncomfortable position to hold
@dangillmor explanation from Mike Masnick who sits on the Bluesky board: "Team was just crazy busy and overwhelmed and timing of announcement just kept slipping."
🔗 : https://bsky.app/profile/masnick.com/post/3mhgso7vjjs2n
I have no words.
@dangillmor Whelp, Bluesky is about to go down the shitter then.
The money bros destroy everything they touch.
@dangillmor
i found this:
https://www.blockchaincapital.com/
i doesn't say percentages of those companies.
@dangillmor
I'm missing something, I guess.
I trust BlueSky to the same extent that I trust my landline. It is a medium of communication.
So I know that's not your point.
I'm often considered elderly, possibly because of age.
What am I missing?
@dangillmor Luckily crypto has always proven to be trustful and not scammy at all!
😆
@dangillmor What's frustrating is that all the signs were there *long before* this slip.
Bluesky isn't a nonprofit, it's a PBC — a public benefit corporation — and the intended benefits to the public aren't wholly transparent.
It had at least two rounds of financing between Feb 2023 and Nov 2024 from venture capital firms. This was financing, not donations or contributions — it must be returned with interest or ownership, and it's not been clear which.
And now Masnick is compromised by this.