I don't understand the intricacies of back end architecture, protocols, federation, bleepblorps, and whatnot. But from a general user standpoint "Twitter but without the constant barrage of scammers and Nazis" is a pretty pleasing product so far.
It is telling that they prioritize "vibe" over account/identity decentralization. When your premises are fundamentally flawed, you can only reach bad conclusions.
https://fiatjaf.com/ab1127fb.html
'The “DID Placeholder” method they decided to use for their global identities is nothing more than a normal old boring trusted server controlled by Bluesky that keeps track of who is who and can, at all times, decide to ban a person and deprive them from their identity'
Discussion
As long as you constantly choose the right side of "the current thing", you'll probably have a good time. Too churchy for me.