Sure, it may overestimate the exact count, but that doesn't change the fact that tens of millions of real people have downloaded Bluesky and signed up.
replyRight now, Bluesky has one large community, which is already great for some people but not most people. Once Bluesky adds Communities, new communities can form, making it interesting to the other 90% of people who were excited initially and then turned off by it being "one note".
I think your association with Blueksy is painting a rosier picture for yourself than reality portends. Do you know how many of those accounts never added a profile picture or even liked a single post? Do you think people are likely to reactivate to something they checked out once and has only shrunk since? Can ActivityPub/Mastodon add some new feature that will reactivate all the people who tried that out and moved on?
replyIf you'd like to crawl the network to get real data, I built this a while ago https://github.com/verdverm/atmunge (it will take a few days to get sufficient data to do analysis, due to rate-limits)