You might be right. And an even bigger argument for why it makes sense to pay attention to the network effects that can be harnessed, minus the VC vibes..

Until the network was already public, Bluesky had gotten roughly the same amount of capital from Twitter as nostr got from Jack. One of them used it to grow a team and focused on development, marketing, and outreach. The other sprayed the funds like buckshot at solo developers.

The wait list was the WORST thing it had going for it. It universally was met with “ok fuck you too I guess”. It does not create good feelings among potential users. If they ever finally end up invited, they’re inevitably disappointed.