It isn't
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the follow-up is also a great read
https://dustycloud.org/blog/re-re-bluesky-decentralization/
tldr;
bluesky is neither federating nor decentralized, but is a great twitter replacement (not that theres anything wrong with that)
e. also, the longer it exists, the less incentive they have for ever federating or decentralizing. so it will for, all intents and purposes, never do those things regardless of what the board that runs it professes.
I've misread the at proto docs, and understood that it could have been a way to combine twitter with a feed reader, and honestly, that sounds like a good idea for a platform.
isn't a toilet-bowl network a great twitter replacement too tho? lol
Not at all
No decentralization or federation atm.