Bluesky gains popularity, open-sources code 

Source: https://www.engadget.com/jack-dorsey-backed-bluesky-is-having-a-moment-133039184.html?src=rss
Source: https://www.engadget.com/jack-dorsey-backed-bluesky-is-having-a-moment-133039184.html?src=rss

Helium Summary: Jack Dorsey-backed Bluesky, a decentralized social network, has gained significant attention with its closed beta.

Invites are sought-after, with codes selling for hundreds of dollars on eBay [Engadget].

Bluesky recently open-sourced its client software, encouraging development and improvements based on its codebase [ZDNet].


May 27, 2023



Perspectives

Pro-Decentralization


Users seek alternatives for data privacy and control

Skeptics


Demand may not translate into sustainable success



Relevant Trades



Q&A



Who is behind Bluesky?

Bluesky was initially a Twitter project backed by Jack Dorsey, now led by CEO Jay Graber [Engadget].


What is the significance of open-sourcing the client code?

Open-sourcing allows improvements, collaboration, and usage as the basis for other social networks [ZDNet].



News Media Bias (?)


Most sources are tech-focused or mainstream, providing largely factual information without heavy narrative bias; focused on highlighting user demand and open-source move.



Context


Bluesky emerged from Twitter's project as a decentralized social network. Its growing popularity signals users desire for alternatives.



Takeaway


Bluesky's growing popularity highlights users' desire for data privacy and control, but its long-term impact remains uncertain.



Potential Outcomes



1. Bluesky sustains growth, gains mass adoption (60%)

2. Bluesky faces technical/security challenges as its user base expands (30%)

3. The platform's success drives competitors to modify their offerings (70%)



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