Dorsey's net worth is something north of $4B, not to mention all the connections he has for investment. Raising a paltry $8M was not due to the difficulty of procuring money; not to attempting to scale rapidly was a deliberate choice. It's quite possibly going to end up a very bad choice.

Seems pretty clear typical users don't care about decentralization, verification for themselves, or algorithm customization at all. They just want to post and look at nonsense.

I'm not sure what will become of Bluesky, but I don't think it'll the Twitter replacement. Seems more like a classic case of developing for power users instead of typical ones.

Jack provided the initial funding 2 years ago, but despite all the chatter to the contrary, it doesn't appear to me that he's involved in the company much these days. On Bluesky, he's not very active, and it's not clear he believes in the platform. His most recent post (https://bsky.app/profile/jack.bsky.social/post/3jy3cth45t22r) was 23 days ago, and states that Bluesky "isn't a [Twitter] replacement". He seems to be much more into Nostr these days, judging by his tweets.

I know it's cliche here to ask why things cost so much, why so many employees needed, etc.

But give any competent engineer and friend 8 million, and they'll build you a Twitter on steroids in 6 months.

> But give any competent engineer and friend 8 million, and they'll build you a Twitter on steroids in 6 months.

You are correct, it is cliche to claim this.

It's a very fair criticism. FB has spent the past year shedding 000s of jobs, losing untold billions on metaverse and turning IG into Tiktok.

Dorsey couldn't manage get a head start even with all that? If anything I'd think he was a CEO that gets easily distracted by the next shiny thing (Square, crypto, Nostr), which really doesn't bode well for Bluesky.

> FB has spent the past year shedding 000s of jobs, losing untold billions on metaverse and turning IG into Tiktok.

This just shows that Meta has a massive amount of resources available. They could afford to hire like crazy, which they did, and they could afford to lose untold billions. How many 000s of jobs and billions of dollars can Bluesky lose? (Zero.)

> Dorsey couldn't manage get a head start even with all that?

See this comment about Dorsey: https://news.ycombinator.com/item?id=36627988

> If anything I'd think he was a CEO

He's not the CEO of Bluesky.

> gets easily distracted by the next shiny thing (Square, crypto, Nostr)

No, that's his main thing. He was distracted by also being CEO of Twitter, and Twitter suffered from that. He seemed like just a glorified mascot, on Twitter to shill for his other stuff. Remember also that Bluesky started as a Twitter project, but it basically got tossed out by Twitter after the Musk acquisition (along with almost everyone else).

I mean, regardless of why they are missing their chance, they’re still missing it.