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CIRCLE WITH A DOT

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  3. Can you imagine Mastodon raising 100 MILLION dollars from a crypto VC fund and failing to disclose it... for a full year?

Can you imagine Mastodon raising 100 MILLION dollars from a crypto VC fund and failing to disclose it... for a full year?

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bluesky
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  • _elena@mastodon.social_ _elena@mastodon.social

    Can you imagine Mastodon raising 100 MILLION dollars from a crypto VC fund and failing to disclose it... for a full year? No I can't either.

    And from their actual press release: "The Atmosphere currently contains about 20 billion public records—the posts, likes, comments and other interactions that bring the ecosystem to life. It's an astonishing collection of what open social infrastructure makes possible."

    Link Preview Image
    Bluesky's 2025 $100M Series B Lays Foundation for Open Social Web - Bluesky

    In April 2025, Bluesky raised $100 million in Series B funding led by Bain Capital Crypto. Since our Series A, we've grown from 13 million to over 43 million global users.

    favicon

    Bluesky (bsky.social)

    How I read it: data harvesting at its finest 💁‍♀️

    #Bluesky

    monsieur_lepetit@toot.communityM This user is from outside of this forum
    monsieur_lepetit@toot.communityM This user is from outside of this forum
    monsieur_lepetit@toot.community
    wrote last edited by
    #35

    @_elena
    How many cats can get for this?

    1 Reply Last reply
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    • _elena@mastodon.social_ _elena@mastodon.social

      Can you imagine Mastodon raising 100 MILLION dollars from a crypto VC fund and failing to disclose it... for a full year? No I can't either.

      And from their actual press release: "The Atmosphere currently contains about 20 billion public records—the posts, likes, comments and other interactions that bring the ecosystem to life. It's an astonishing collection of what open social infrastructure makes possible."

      Link Preview Image
      Bluesky's 2025 $100M Series B Lays Foundation for Open Social Web - Bluesky

      In April 2025, Bluesky raised $100 million in Series B funding led by Bain Capital Crypto. Since our Series A, we've grown from 13 million to over 43 million global users.

      favicon

      Bluesky (bsky.social)

      How I read it: data harvesting at its finest 💁‍♀️

      #Bluesky

      torstentorsten@social.tchncs.deT This user is from outside of this forum
      torstentorsten@social.tchncs.deT This user is from outside of this forum
      torstentorsten@social.tchncs.de
      wrote last edited by
      #36

      @_elena "Open social infrastructure" - Haha, nice bullshit term.

      _elena@mastodon.social_ 1 Reply Last reply
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      • _elena@mastodon.social_ _elena@mastodon.social

        Can you imagine Mastodon raising 100 MILLION dollars from a crypto VC fund and failing to disclose it... for a full year? No I can't either.

        And from their actual press release: "The Atmosphere currently contains about 20 billion public records—the posts, likes, comments and other interactions that bring the ecosystem to life. It's an astonishing collection of what open social infrastructure makes possible."

        Link Preview Image
        Bluesky's 2025 $100M Series B Lays Foundation for Open Social Web - Bluesky

        In April 2025, Bluesky raised $100 million in Series B funding led by Bain Capital Crypto. Since our Series A, we've grown from 13 million to over 43 million global users.

        favicon

        Bluesky (bsky.social)

        How I read it: data harvesting at its finest 💁‍♀️

        #Bluesky

        archivescribe@mastodon.socialA This user is from outside of this forum
        archivescribe@mastodon.socialA This user is from outside of this forum
        archivescribe@mastodon.social
        wrote last edited by
        #37

        @_elena This is disappointing. I hope the best for BlueSky, but I have a bad feeling this is going to come back to haunt them.

        1 Reply Last reply
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        • torstentorsten@social.tchncs.deT torstentorsten@social.tchncs.de

          @_elena "Open social infrastructure" - Haha, nice bullshit term.

          _elena@mastodon.social_ This user is from outside of this forum
          _elena@mastodon.social_ This user is from outside of this forum
          _elena@mastodon.social
          wrote last edited by
          #38

          @torstentorsten open social web for crypto vcs = billions of open data points up for grabs / surveillance / monetization opportunities

          1 Reply Last reply
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          • _elena@mastodon.social_ _elena@mastodon.social

            Mike Masnick, who sits on the board of #Bluesky, claims the team was too busy to announce the series B funding (see screenshot).

            But something is fishy.

            Even the VC firm - Bain Capital Crypto - isn't listing Bluesky anywhere on their website: https://baincapitalcrypto.com/portfolio/

            Why the mystery? Was Bluesky afraid of a public backlash & asked to keep the information under wraps?

            Sorry if I keep repeating myself but I will forever be skeptical of Bluesky and think of the tale of the scorpion and the frog.

            Link Preview Image
            samiamsam@mastodon.socialS This user is from outside of this forum
            samiamsam@mastodon.socialS This user is from outside of this forum
            samiamsam@mastodon.social
            wrote last edited by
            #39

            @_elena

            sure that amount of VC cash slipped their minds

            sure

            1 Reply Last reply
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            • mat@zelk.spaceM mat@zelk.space

              @_elena permissive data/spaces is coming this year, and you can use E2EE messaging germ using your pds. if you want to delete any data, you can just connect to pds.ls and delete any record you want (e.g. all your likes, comments, etc)

              benroyce@mastodon.socialB This user is from outside of this forum
              benroyce@mastodon.socialB This user is from outside of this forum
              benroyce@mastodon.social
              wrote last edited by
              #40

              @mat @_elena

              if you post a public message, someone can ingest that message. there's no protection in what you're citing

              (for the record, no such protection on public mastodon messages either)

              you're claiming a protection that does not exist

              bluesky is a capitalist endeavour funded by cryptobros, while mastodon is not. bluesky has a financial incentive to do quiet seedy things behind the scenes with your data mastodon does not. any secrecy like elena cites is a warning you should heed

              _elena@mastodon.social_ 1 Reply Last reply
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              • benroyce@mastodon.socialB benroyce@mastodon.social

                @mat @_elena

                if you post a public message, someone can ingest that message. there's no protection in what you're citing

                (for the record, no such protection on public mastodon messages either)

                you're claiming a protection that does not exist

                bluesky is a capitalist endeavour funded by cryptobros, while mastodon is not. bluesky has a financial incentive to do quiet seedy things behind the scenes with your data mastodon does not. any secrecy like elena cites is a warning you should heed

                _elena@mastodon.social_ This user is from outside of this forum
                _elena@mastodon.social_ This user is from outside of this forum
                _elena@mastodon.social
                wrote last edited by
                #41

                @benroyce @mat tangentially related but I'm beginning to think that maybe the whole point of the ATmosphere being open is to find a way to capture billions of data points for profiling / monetization purposes? I know everything is public here too, but the language of their press release gave me the creeps.

                I may start referring to them as Blue$ky and the ATmo$phere.

                I mean what's the draw otherwise for VCs and crypto bros?

                benroyce@mastodon.socialB stefan@stefanbohacek.onlineS jaypeach53@mastodon.socialJ wjmaggos@liberal.cityW 4 Replies Last reply
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                • _elena@mastodon.social_ This user is from outside of this forum
                  _elena@mastodon.social_ This user is from outside of this forum
                  _elena@mastodon.social
                  wrote last edited by
                  #42

                  @stonedonkey totally

                  1 Reply Last reply
                  0
                  • pouakai@mastodon.socialP pouakai@mastodon.social

                    @_elena
                    You'd scared me.
                    I really thought Mastodon did something sinister at the first glance XD

                    _elena@mastodon.social_ This user is from outside of this forum
                    _elena@mastodon.social_ This user is from outside of this forum
                    _elena@mastodon.social
                    wrote last edited by
                    #43

                    @Pouakai OMG I'm so sorry 😅 yeah I should have phrased things differently, I was just so riled up

                    1 Reply Last reply
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                    • _elena@mastodon.social_ _elena@mastodon.social

                      @benroyce @mat tangentially related but I'm beginning to think that maybe the whole point of the ATmosphere being open is to find a way to capture billions of data points for profiling / monetization purposes? I know everything is public here too, but the language of their press release gave me the creeps.

                      I may start referring to them as Blue$ky and the ATmo$phere.

                      I mean what's the draw otherwise for VCs and crypto bros?

                      benroyce@mastodon.socialB This user is from outside of this forum
                      benroyce@mastodon.socialB This user is from outside of this forum
                      benroyce@mastodon.social
                      wrote last edited by
                      #44

                      @_elena @mat

                      if a message is public, it's public. people need to understand anyone can scrape you, on any protocol

                      but there is a difference between the fediverse which has no financial motivations, and bluesky, which does have creepy financial motivations. they can, and will, eventually, simply as a matter of the inevitable financial imperative of seedy cryptobro creeps, to do things with your data *on the inside*

                      (private messages, linking it with data in other plutocrat silos, etc)

                      sab@hostux.socialS 1 Reply Last reply
                      0
                      • _elena@mastodon.social_ _elena@mastodon.social

                        @benroyce @mat tangentially related but I'm beginning to think that maybe the whole point of the ATmosphere being open is to find a way to capture billions of data points for profiling / monetization purposes? I know everything is public here too, but the language of their press release gave me the creeps.

                        I may start referring to them as Blue$ky and the ATmo$phere.

                        I mean what's the draw otherwise for VCs and crypto bros?

                        stefan@stefanbohacek.onlineS This user is from outside of this forum
                        stefan@stefanbohacek.onlineS This user is from outside of this forum
                        stefan@stefanbohacek.online
                        wrote last edited by
                        #45

                        @_elena

                        I've been feeling this way myself. A lot of what ATProto does well can be implemented in the fediverse, from what I've been reading, there's just not enough funding to get it done fast enough.

                        @benroyce @mat

                        mariusor@metalhead.clubM stefan@stefanbohacek.onlineS 2 Replies Last reply
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                        • stefan@stefanbohacek.onlineS stefan@stefanbohacek.online

                          @_elena

                          I've been feeling this way myself. A lot of what ATProto does well can be implemented in the fediverse, from what I've been reading, there's just not enough funding to get it done fast enough.

                          @benroyce @mat

                          mariusor@metalhead.clubM This user is from outside of this forum
                          mariusor@metalhead.clubM This user is from outside of this forum
                          mariusor@metalhead.club
                          wrote last edited by
                          #46

                          @stefan frankly I don't think that migrating from URLs to DIDs as identifiers would still qualify as the same protocol in the case of ActivityPub.

                          So, if ActivityPub is the main component of the Fediverse - which it is for me - I don't think we'll be able to reproduce _all_ the functionality ATProto has.

                          @_elena @benroyce @mat

                          stefan@stefanbohacek.onlineS benroyce@mastodon.socialB 2 Replies Last reply
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                          • nickapos@mastodon.oncrete.ukN nickapos@mastodon.oncrete.uk

                            @_elena Mastodon data are open too….
                            But yeah blue sky has crypto investors it will be monetised for sure

                            benroyce@mastodon.socialB This user is from outside of this forum
                            benroyce@mastodon.socialB This user is from outside of this forum
                            benroyce@mastodon.social
                            wrote last edited by
                            #47

                            @nickapos @_elena

                            yeah but there's a difference between someone screenscraping your posts somewhere

                            and a financially motivated effort by seedy cryptobros *on the inside* linking all sorts of private data

                            - using your email and birthdate to link to other plutocrat data silos

                            - ingesting your private messages

                            - profiling your posting behavior

                            - feeding it all to AI

                            etc

                            nickapos@mastodon.oncrete.ukN 1 Reply Last reply
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                            • stefan@stefanbohacek.onlineS stefan@stefanbohacek.online

                              @_elena

                              I've been feeling this way myself. A lot of what ATProto does well can be implemented in the fediverse, from what I've been reading, there's just not enough funding to get it done fast enough.

                              @benroyce @mat

                              stefan@stefanbohacek.onlineS This user is from outside of this forum
                              stefan@stefanbohacek.onlineS This user is from outside of this forum
                              stefan@stefanbohacek.online
                              wrote last edited by
                              #48

                              @_elena

                              And I really believe that Bluesky got ahead because it's been essentially a centralized Twitter 2.0, only now slowly starting to open up, and that's already creating UX problems people have been complaining about with Mastodon/fediverse.

                              Here's a random post: https://witchsky.app/profile/did:plc:rtf3bjc3w2yn4syxtm4r7jt2/post/3mfrp6tovy22g

                              Try replying from https://bsky.app. The old "put the URL in the search box" trick doesn't work here.

                              And developers are disagreeing over "log in with Bluesky" vs "with ATProto" vs "Atmosphere", because the first one erases the diversity of the network, while the more accurate labels are "too confusing for normies".

                              Plus, "pick a PDS and an AppView and an app" sounds a lot more daunting than "pick a server".

                              @benroyce @mat

                              sknob@mamot.frS 1 Reply Last reply
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                              • mariusor@metalhead.clubM mariusor@metalhead.club

                                @stefan frankly I don't think that migrating from URLs to DIDs as identifiers would still qualify as the same protocol in the case of ActivityPub.

                                So, if ActivityPub is the main component of the Fediverse - which it is for me - I don't think we'll be able to reproduce _all_ the functionality ATProto has.

                                @_elena @benroyce @mat

                                stefan@stefanbohacek.onlineS This user is from outside of this forum
                                stefan@stefanbohacek.onlineS This user is from outside of this forum
                                stefan@stefanbohacek.online
                                wrote last edited by
                                #49

                                @mariusor

                                Right, I didn't say all of it, so I don't disagree. But we can definitely fix all the major issues people have with the fediverse in some way.

                                @_elena @benroyce @mat

                                javascript@app.wafrn.netJ 1 Reply Last reply
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                                • tedmielczarek@mastodon.socialT tedmielczarek@mastodon.social

                                  @_elena all the startups I've worked for have blasted out press releases the moment their funding rounds closed. Part of being a startup means constantly vying for attention. This explanation does not hold up.

                                  wjmaggos@liberal.cityW This user is from outside of this forum
                                  wjmaggos@liberal.cityW This user is from outside of this forum
                                  wjmaggos@liberal.city
                                  wrote last edited by
                                  #50

                                  @tedmielczarek @_elena

                                  Is there any requirement to make it public within 1 year? otherwise I wonder why they're announcing it at all.

                                  1 Reply Last reply
                                  0
                                  • mariusor@metalhead.clubM mariusor@metalhead.club

                                    @stefan frankly I don't think that migrating from URLs to DIDs as identifiers would still qualify as the same protocol in the case of ActivityPub.

                                    So, if ActivityPub is the main component of the Fediverse - which it is for me - I don't think we'll be able to reproduce _all_ the functionality ATProto has.

                                    @_elena @benroyce @mat

                                    benroyce@mastodon.socialB This user is from outside of this forum
                                    benroyce@mastodon.socialB This user is from outside of this forum
                                    benroyce@mastodon.social
                                    wrote last edited by
                                    #51

                                    @mariusor @stefan @_elena @mat

                                    mastodon was playing around with DIDs at some point

                                    you can find references to it in the documentation (deprecated now for a long time)

                                    example:

                                    https://docs.joinmastodon.org/entities/IdentityProof/

                                    not sure why they abandoned it

                                    maybe because DID just isn't there yet

                                    mariusor@metalhead.clubM 1 Reply Last reply
                                    0
                                    • _elena@mastodon.social_ _elena@mastodon.social

                                      Mike Masnick, who sits on the board of #Bluesky, claims the team was too busy to announce the series B funding (see screenshot).

                                      But something is fishy.

                                      Even the VC firm - Bain Capital Crypto - isn't listing Bluesky anywhere on their website: https://baincapitalcrypto.com/portfolio/

                                      Why the mystery? Was Bluesky afraid of a public backlash & asked to keep the information under wraps?

                                      Sorry if I keep repeating myself but I will forever be skeptical of Bluesky and think of the tale of the scorpion and the frog.

                                      Link Preview Image
                                      benjamineskola@hachyderm.ioB This user is from outside of this forum
                                      benjamineskola@hachyderm.ioB This user is from outside of this forum
                                      benjamineskola@hachyderm.io
                                      wrote last edited by
                                      #52

                                      @_elena Yeah, I don't believe this for one minute.

                                      Considering what a big deal it is for most companies to successfully raise VC money, they want us to believe that it wasn't important enough to make time to announce it? Any other company would drop everything to shout it from the rooftops.

                                      And a funding round is a significant amount of work already, so are we supposed to believe that after all that work they had to put into it, they didn't schedule time to even do the tiniest announcement about it?

                                      And like, I would have guessed that the VC firm itself also has PR people whose job it would be to help out with that, and they were still too busy? No.

                                      1 Reply Last reply
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                                      • stefan@stefanbohacek.onlineS stefan@stefanbohacek.online

                                        @mariusor

                                        Right, I didn't say all of it, so I don't disagree. But we can definitely fix all the major issues people have with the fediverse in some way.

                                        @_elena @benroyce @mat

                                        javascript@app.wafrn.netJ This user is from outside of this forum
                                        javascript@app.wafrn.netJ This user is from outside of this forum
                                        javascript@app.wafrn.net
                                        wrote last edited by
                                        #53

                                        yeah actually the concept of DID as decentralized identifiers can have its equivalent in the Portable Objects Proposal described here: https://codeberg.org/fediverse/fep/src/branch/main/fep/ef61/fep-ef61.md

                                        This is just more complex to do in an ecosystem like the fediverse where implementations are (and have been for a long time) less standarized

                                        mariusor@metalhead.clubM 1 Reply Last reply
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                                        • ainmosni@social.ainmosni.euA ainmosni@social.ainmosni.eu

                                          @_elena @patpro Indeed, but do we need a European SlopHub if @Codeberg already exists?

                                          otfrom@functional.cafeO This user is from outside of this forum
                                          otfrom@functional.cafeO This user is from outside of this forum
                                          otfrom@functional.cafe
                                          wrote last edited by
                                          #54

                                          @ainmosni @_elena @patpro @Codeberg we do need something like 50 to 500 codebergs

                                          1 Reply Last reply
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