I see Bluesky pretty much stuck in the middle and probably Dead on Arrival. I little bit of censorship is like a little bit of poison. Just use Nostr be free. if you are okay with any type of censorship there is plenty of options out there with much bigger networks already no need for BlueSky.
Bluesky, the "decentralized protocol", has a list of forbidden words: https://github.com/bluesky-social/atproto/blob/0bac4e775242b1916ed4216ab113b9553facf8fa/packages/identifier/src/reserved.ts
Discussion
Every Nostr relay has to censor stuff or it risks getting shut down . Copyright images, pron, all sorts has to be censored. Abuse etc. Much will be subjective stuff open to lawsuits people won't want to fight. In the end I suspect Nostr will be little different to twitter to the end user outcome, because every relay owner is accountable for what is on their relay. Just as Musk is, both within the law but also within the threat of public scrutiny and endless lawsuits.