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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."

    https://bsky.social/about/blog/03-19-2026-series-b

    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 sidst redigeret af
    #35

    @_elena
    How many cats can get for this?

    1 Reply Last reply
    0
    • _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."

      https://bsky.social/about/blog/03-19-2026-series-b

      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 sidst redigeret af
      #36

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

      _elena@mastodon.social_ 1 Reply Last reply
      0
      • _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."

        https://bsky.social/about/blog/03-19-2026-series-b

        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 sidst redigeret af
        #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 sidst redigeret af
          #38

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

          1 Reply Last reply
          0
          • 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 sidst redigeret af
            #39

            @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 sidst redigeret af
              #40

              @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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              • stonedonkey@mastodon.socialS stonedonkey@mastodon.social

                @_elena they aren't investing this kind of money if there's not a path to more money... People are the only thing of value on the platform... It's the same crap all over again with what people think is a prettier bow.

                _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 sidst redigeret af
                #41

                @stonedonkey totally

                1 Reply Last reply
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                • 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 sidst redigeret af
                  #42

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

                  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.

                    aubreydelosdestinos@101010.plA This user is from outside of this forum
                    aubreydelosdestinos@101010.plA This user is from outside of this forum
                    aubreydelosdestinos@101010.pl
                    wrote sidst redigeret af
                    #43

                    @_elena @benroyce Mike was a surprise with his siding with Bluesky.

                    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?

                      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 sidst redigeret af
                      #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)

                      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 sidst redigeret af
                        #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 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

                          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 sidst redigeret af
                          #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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                          • 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 sidst redigeret af
                            #47

                            @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 sidst redigeret af
                              #48

                              @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 sidst redigeret af
                                #49

                                @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.

                                  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 sidst redigeret af
                                  #50

                                  @_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
                                  0
                                  • 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 sidst redigeret af
                                    #51

                                    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 sidst redigeret af
                                      #52

                                      @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:

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

                                        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 sidst redigeret af
                                        #53

                                        @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
                                        0
                                        • mariusor@metalhead.clubM mariusor@metalhead.club

                                          @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 This user is from outside of this forum
                                          benroyce@mastodon.socialB This user is from outside of this forum
                                          benroyce@mastodon.social
                                          wrote sidst redigeret af
                                          #54

                                          @mariusor @stefan @_elena @mat

                                          not in an effort to start a fight but just divulging my honest views on the topic:

                                          so fucking what

                                          just build shit

                                          the spec can follow behind later

                                          waiting for perfect spec structuring before doing anything is an exercise in inertia

                                          mariusor@metalhead.clubM 1 Reply Last reply
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