It seems that #Bluesky is getting some traction, so it's good to summarize the facts:
- it's centralized (99% of users on one instance),
- it has insufficient moderation,
- it's not easily publicly browsable,
- it has terrible terms of service (you grant them broad rights to all your content).

The only thing that makes it different from X in principle is that it's not run by a mad man (yet)... Ah, I forgot it's Jack Dorsey's project, nevermind.