@Yehuda I don't think that's quite right. I don't think bluesky is federated but rather decentralized beyond federation.
Basically, Bluesky has the decentralization that fediverse likes to claim that it has, but it really doesn't.
Fediverse is centralized among instances. That's what it refers to as federation. Bluesky, on the other hand, decentralizes down to users.
I think it's worth getting the terminology right because Bluesky ends up fulfilling the mission of decentralization better than a lot of the people who try to criticize it appreciate it.