Enshittification would be if they took away the ability to link your own domain and required everyone to buy domains through Bluesky.
And that (including other restrictions) is exactly what they will do as soon as anyone that is selfhosting does something that they or their investors dont like. Whats so hard to understand about this.
Ofcourse they need money, but the problems is that the money will be dictating their entire decision making progress. Thats how for profit companies work. If you think companies are your friends then im sorry for you.
Come back when you can argue without the "but the kids" line of thinking.