Toot

Written by Ryan Singel on 2025-01-19 at 19:50

@mastodonmigration

@cwebber @The_Icarian

My take after reading Lemmer-Webber is that there's no real path to technically decentralizing BlueSky, and a better alternative is figuring out how to decentralize ownership.

Figure out the current cap table, figure out how to buy the current investors out, turn to a membership co-op model with community governance, and use regulation crowdfunding (selling bonds or non-voting shares) when a capital raise is needed. Can do up to $5m a year.

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