[tptacek]

See, that's a good question, but it has an answer: first, they took a priced round, and those investors will need to see a return, and second, when the funding runs out, someone is going to have to put more money in --- substantially more money --- to keep the lights on.

What's probably true is that if they found a stable source of revenue they wouldn't have to answer these kinds of questions. But this is just back to my original point, of "I don't see how this is going to work", because I don't see how they're going to do that.

I'd be happy if someone jumped in and set me straight with a clear and plausible plan. To me, though, from the information I've seen, it looks like the premise here is that they're going to raise again, and to do that they're going to need to demonstrate accelerating growth, which they starkly do not have right now.

[jeremie]

I’m one of the (independent) board members of Bluesky and I can say with confidence that I don’t have any of these concerns, everyone involved is deeply aligned to the PBC’s purpose of “To develop and drive large-scale adoption of technologies for open and decentralized public conversation.”

[tptacek]

None of the concerns I've raised are about alignment. I'm not concerned for Bluesky's investors. I'm concerned about the long-term viability of the platform given its adoption curve and its financing.

If it helps, nothing I'm saying has anything to do with whether ATProto will succeed. ATProto could succeed (and fulfill one possible overarching goal of the PBC) and Bluesky would still not be a long-term viable forum for scientific communication (because it will stop existing in its current form).