X has been nothing short of an exercise in brand destruction. However, despite all the drama, it still stands, it still exists, and it remains relevant.
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Sure, you can setup you PDS and own your data, but it is useless without the Relays and a self-hosted Firehose, and running you own website is basically impossible.
And lastly, let's keep in mind that BSky is a commercial entity, not a no-profit like Mastodon or a commmunity effort like Nostr.
And yes, I am ignoring the political toxicity of the network because I think the technical aspects are bad enough.