Bluesky is not great, but it’s at least (for now) a better platform than X and the AT protocol is actually very well written. (For instance having a moderation service separated from the service that provides the posts I think is a hands-down better way to handle it than most ActivityPub servers having their admins handle all incoming and outgoing moderation)

Bluesky federation is just now getting started so it’ll be interesting to see if it goes anywhere/where it goes.