Bluesky was fine before scale, just like Mastodon was. My experience was that the twitter migration tilted Mastodon, then they flocked to Bluesky. Bluesky then got enough scale that it attracted mainstream, and this attracted political and monetary opportunists (meat and metal). The twitter folk likely won't flock here, because the culture has a heavy bitcoin tilt along with the associated subculture aspects (some of which attract me, some of which does not). There is also an apples/oranges deal here, in that fully distributed architectures like Nostr and the older WebID/FOAF push a lot of network traffic/connections down on the client. I've had multiple accounts on both Bluesky and Mastodon, and was there during the migrations. You could watch the birds swarm and kill the forest, then watch the opportunists show up. My take is that architecturally Nostr simply can't scale to 100 million and be usable, but Bluesky can (even if the cultural barrier was overcome). If Nostr did scale like that (I'm wrong) I'd still wager that we would still have a cultural barrier, and even if that was overcome, you'd have technical barriers because regular folks these days can't secure a private key. So: enjoy this island of freedom, but I think you are assuming too much about the reasons. (yeah... like the other posts, proving your point, lol)
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To me the content I want is just not here yet. On X it is, in my opinion bluesky is just a gathering of the blue sheep. Never tried mastadon but really have no desire to either. I want something I can quickly find what I want to consume with some variety and then go be productive.
So far Nostr is mostly niche content and bots. But social media in general is getting to the point where it is diluted and thats what you are going to be left with.
X is so far ahead like them or not and I don't see how it loses the crown unless something catastrophic happens to them.