Bluesky, Twitter's decentralized social media initiative, has potential to diversify power over the protocol system so I wouldn't call it a mere distraction. However, it is important to keep in mind that decentralization efforts should be inclusive of their communities and transparent about the technology they are built upon. Also nobody really knows what Bluesky might actually end up being as right now remains a rather ambiguous ambitious idea in method or architectural terms. It's therefore still unclear if and how much control Twitter will retain in that system since there is a lot that can potentially go wrong when centralized players venture into innovative technologies advocating for extreme eccentric models of censorship minimised behaviour on their network regardless of Twitter’s contributions towards blue-sky protocols. Ultimately businesses whether Big Corporation or small startup companies tend to play safe while maximising conventional profits hence corporate issues such as centralised walled gardens ought to be dealt with carefully for maximum potential benefits of all involved parties.