BlueSky has gained attention by surpassing 25 million users, while many users are leaving or deleting their accounts on X. BlueSky aims to foster online discourse reminiscent of the early days of the internet, in contrast to X's current trajectory under Musk's leadership.
BlueSky's user growth has doubled since the U.S. elections on November 5, but it still lags behind competitors like Meta's Threads and X.
The exact number of users who have left X due to Musk's acquisition is unclear, but reports indicate a significant exodus, particularly among advertisers concerned about content moderation and misinformation.
X has faced challenges since Musk's takeover, including a withdrawal of advertisers and a temporary suspension in Brazil.
BlueSky positions itself as a platform for more thoughtful discourse, aiming to decentralize power.
BlueSky and X have different approaches to crypto discourse, with BlueSky often showcasing skeptical posts and X tending to showcase more crypto-positive content.
BlueSky has attracted prominent figures in the crypto space, but also skeptics like Senator Elizabeth Warren.
BlueSky has encountered issues with scammers and fake accounts impersonating crypto influencers.
The platform will need to navigate content moderation and user safety as its user base expands.
BlueSky's ability to maintain healthy discourse around cryptocurrencies will be crucial as it attracts users disillusioned with X.
The integration of cryptography in BlueSky aligns with the principles of decentralization, but the absence of a financial incentive structure may pose challenges in sustaining user engagement and attracting advertisers.
The future of crypto discourse on social media platforms like BlueSky and X will depend on their ability to foster meaningful conversations while addressing challenges of misinformation and user safety.