No it isn't. The only implementation of ATProto so far has been heavily criticized for immediately blocking anyone with wrong opinions, while at the same permitting pedolovers post without much trouble (that butterfly logo is a well-known pedophile logo).
The Bluesky pedo trope is a right wing falsehood, yet another piece of their misinformation agenda
ATProto is an open protocol, anyone can add content to the network. Bluesky is a company that operates the most used application, a micro logging platform like Twitter.
Musk Social has far more awful actions and far more awful personal posts by the oligarch himself. The "awful" thing of blocking trolls on Bluesky is what makes it a place with more and better engagement. We don't all need to read all the awful shit people write online in the name of "free speech". I have every right to ignore or remove content I don't like from my information diet. The benefit of ATProto is that if you don't agree with the content moderation policies of Bluesky, you can write just a different client (many already exist) and subscribe to different moderation providers (many already exist), all without having to rebuild your social followings
So basically you do admit to have moderation in place to deal with "awful shit", which in your eyes looks fine. But at the same time more than half of the western world is nowadays disagreeing with you and winning elections across different places. In fact, even Zuckerberg had to reduce their censorship and discrimination towards others.
Your platform is just a safe space, but it ain't defacto decentralized nor valuing an impartial worldview the slightest. Enjoy it.
More reports about the awful actions of bluesky/ATProto: https://www.newsweek.com/conservatives-join-bluesky-face-abu...