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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

    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
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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?

                      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
                      0
                      • 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:

                                  Link Preview Image
                                  IdentityProof - Mastodon documentation

                                  Represents a proof from an external identity provider.

                                  favicon

                                  (docs.joinmastodon.org)

                                  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
                                        0
                                        • benroyce@mastodon.socialB benroyce@mastodon.social

                                          @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:

                                          Link Preview Image
                                          IdentityProof - Mastodon documentation

                                          Represents a proof from an external identity provider.

                                          favicon

                                          (docs.joinmastodon.org)

                                          not sure why they abandoned it

                                          maybe because DID just isn't there yet

                                          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
                                          #55

                                          @benroyce I wasn't speaking of Mastodon because they barely do any effort into being a spec compliant ActivityPub service...

                                          @stefan @_elena @mat

                                          benroyce@mastodon.socialB 1 Reply Last reply
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