Michał "rysiek" Woźniak · 🇺🇦

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.

#BlueSky

Bluesky announces $100M Series B after CEO transition | TechCrunch

The additional funds have been used to scale Bluesky's team, while the company continues to develop Bluesky's app and the underlying ATProto that powers it.

TechCrunch
Mar 20 at 4:15pmWeb
Show threadLaukidh20h ago
@rysiek Blacksky open sourced their app view recently.
Show threadMichał "rysiek" Woźniak · 🇺🇦20h ago
@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.
Show threadJernej Simončič �20h ago
@rysiek But it is decentralised, there's like two AppViews now!
Show threadrakoo20h ago
@rysiek

Where's your credible exit now