What I really like about it is the ATProto, which while imperfect, seems like the best current design for the next gen of social media built on a federated foundation.
- DID for identity
- PDS for data mobility
- algo feed & moderation choice, you can build your own and anyone on Bluesky can use it (https://bsky.social/about/blog/03-12-2024-stackable-moderati...) If you didn't see, they recently added anti-toxicity features and are looking towards community notes
- Bluesky is the twitter like view, but you can build anything on ATProto and leverage the shared infra
I'm personally working on a "reddit" like view of the Bluesky network. Not a reddit clone, but a different way to organize the same information around topics, news events, and/or links. One could also design their own Lexicon and build something very close to reddit. One of the cool things is that all the objects for all apps are stored into a single SQLite database per user. So if you want to move your data to a different host, all of the apps, content, and connections survive that migration.