I know next to nothing about it, but isn’t it created and owned by the dude who created twitter? I don’t trust it one bit.
jack dorsey was initially just on the board of directors, but he didn't create or own it.
bsky and atptoto is all open source: https://github.com/bluesky-social
they have a following feed but they also let users create their own algorithmic "feeds", too which is really nice.
https://blueskyfeeds.com/en
they also open sourced their moderation engine so third party users can create labelling engines: https://www.engadget.com/bluesky-will-let-users-run-their-own-moderation-services-230017647.html
they also have their own trust and safety and in house moderation teams though (and transphobia usually gets taken down really quickly). they also have moderation lists that people can create that people can subscribe to so accounts on those lists get automatically muted or blocked for you as long as you subscribe to the list. like i'm subscribed to three lists by kairi (@estrogenempress.gay) which keep transphobes, bigots, and anti gay people automatically blocked.