@mpanhans I agree. No one model is itself evil. The problem is the over-reliance on VC as the sole path.
And also the reminder that this whole thing has happened before. Long before Bluesky, early Twitter was exploring federation at the very start. The VCs shut it down because they wanted capture. Now the (same) VCs want protocols because they offer a bigger surface to capture than platforms.
The harms of VC could be much mitigated if there were another other options in town.