1/IMPORTANT thread about Bluesky funding and origins.

Dave Troy :toad:

3/Now that Dorsey has bailed as a board member and principal funder, Bluesky’s DNA is basically TPOT people. Who is going to win in that scenario? I don’t know, but I’m not putting money on the users. The most recent funding came from Blockchain Capital LLC...
https://www.theverge.com/2024/5/5/24149543/jack-dorsey-gone-bluesky-board

Dave Troy :toad:

4/It gets worse. Blockchain Capital LLC was co-founded by Steve Bannon pal Brock Pierce, a major crypto advocate, perennial presidential candidate, and close friend of Eric Adams. Pierce has dozens of other shady MAGA/Russia ties as well.
https://universeodon.com/@cryptadamist/113472115447080382

Dave Troy :toad:

5/Eric Adams was a frequent guest on Pierce's jet. Steve Bannon helped Pierce raise $60mm from Goldman Sachs 20 years ago for his "World of Warcraft" mining arbitrage play, Internet Gaming Entertainment. So you probably don't want anything to do with Bluesky long term.
https://nypost.com/2021/11/23/eric-adams-flew-to-puerto-rico-on-bitcoin-billionaire-jet-report/

Dave Troy :toad:

6/Possibly Bluesky can address this by discussing their funding in detail, the expectations of the funders, and whether the TPOT/PostRat community is still a principal driver of the vision for the "company." But this all points to another rug pull in progress, and a lot of credulous people hurt.

While it is reasonable that the company acknowledged that Dorsey's vision of "moderation by protocol" was unfeasible, it sets up a highly centralized model that is now subject to capture.

Dave Troy :toad:

7/And the next investment they took was from anarchocapitalist cryptobros with ties to Russia? Doesn't add up.

For those interested, here's the original post I shared here back in 2023 re: the TPOT DNA and origins of the network.
https://www.easyzoom.com/imageaccess/884cb1c001cd48e79aca92232bd24a04

Dave Troy :toad:

8/From Bluesky's press release:
"[Blockchain's] Kinjal Shah will join our board. Kinjal shares our vision for a social media ecosystem that empowers the people who use it, and we are glad to have her support as we invest in driving the adoption of decentralized social."

Bluesky Announces Series A to Grow Network of 13M+ Users - Bluesky

Bluesky now exceeds 13 million users, the AT Protocol developer ecosystem continues to grow, and we’ve shipped highly requested features like direct messages and video.

Bluesky (bsky.social)

Dave Troy :toad:

9/The company should try to address this by publishing a clear and convincing "trust story" that offers assurances about its funders and their motives, similar to an S-1 prior to an IPO. Creators deserve to have a clear picture so they can decide whether and how to invest. Basic transparency.

Mg. Moss

@davetroy This is all good for people to know, but *please* don’t call these jerks “anarchists” or call it an “online anarchist movement”. They don’t want to be regulated *themselves*, but they are actively trying to subjugate and exploit others, which is anathema to anarchism.

Daniel Taylor

@Moss @davetroy political labels rarely have any connection to dictionary definitions.

Kevin

@davetroy Can you not conflate wealthy libertarians with anarchism?

Dave Troy :toad:

@kevin they're often the same, when they are anarchocapitalists. But I do understand your distinction.

Sturm und Drag

@RandomDamage @Moss @davetroy they are very literally not anarchists though, and it makes it hard to recommend this thread despite having a lot of important information because in the first post, op says something where they have no idea what they're talking about

Asta [AMP]

@[email protected] @[email protected] @[email protected] @[email protected] Just to help add more context, "Effective Altruism" uses anarchist-style labels and ideas to sell eugenics and cement the role of capital. It is most definitely not anarchy.

Irenes (many)

@davetroy @kevin we think that it's really quite unfair to actual anarchists to regard anarcho-capitalism as being in any way the same thing. it's got a similar name due to its history being based on fundamental misunderstandings of the core ideas - that's all.

Asta [AMP]

@[email protected] @[email protected] @[email protected] yeah, most anarchists I know are devoted to the idea of the kind of mutual aid that was happening post-hurricane in Asheville, whereas these assholes are devoted to technology that makes more hurricanes. It’s a pretty big difference.

Mg. Moss

@davetroy Anarchism is “no rulers including myself.” Libertarianism (in recent usage) is “no rulers except myself”, with the implication that literally everyone else is just a resource to exploit. A sort of “distributed monarchism” with trade agreements between a million rapacious kinglets.

Sashin

@davetroy I'd go as far as to say I'm somewhat offended seeing "anarchist movements" casually listed with everything else here.

Dave Troy :toad:

@Moss yes, I know. But there are a lot of people interpreting those philosophies in ways that suit themselves.

Dave Troy :toad:

@sashin the specific strain being referenced here is closest to LeFevre-ian 'autarchy' and Konkinist agorism. "Anarchist" in that they wish to dissolve the state.

Mg. Moss

@davetroy I’m sorry but “professional liars misuse terms, so I will too” is not the seat of logic you might have thought it was.