Truth is, to get right to the point, the fact that Matrix was accompanied by a for-profit entity, funded by venture capital was the biggest mistake that Matrix as a project has ever made.

Truth is, to get right to the point, the fact that Matrix was accompanied by a for-profit entity, funded by venture capital was the biggest mistake that Matrix as a project has ever made.

Dude...y'all are dumb as hell. If this isn't written by AI, I'll eat my hat.

This dumbshit posted an article about something that confused a searchable VC firm called "Matrix". This has zero to do with the Matrix.org that I think(?) it is intended to talk about.

Simple proof: the word "venture" is mentioned just once in the entire post, and it can't dig deeper into any other claims it makes.

This is simply a post confusing "Matrix Partners", and using readily available information about that company, and trying to transpose it on Matrix.org which is not the same thing.

AI has truly killed the internet.

Dude...y'all are dumb as hell. If this isn't written by AI, I'll eat my hat.

This dumbshit posted an article about something that confused a searchable VC firm called "Matrix". This has zero to do with the Matrix.org that I think(?) it is intended to talk about.

Simple proof: the word "venture" is mentioned just once in the entire post, and it can't dig deeper into any other claims it makes.

This is simply a post confusing "Matrix Partners", and using readily available information about that company, and trying to transpose it on Matrix.org which is not the same thing.

AI has truly killed the internet.

The article shortens venture capital to VC. It also didn't confuse the Matrix Foundation with a VC firm of the same name, it's talking about Element (formerly Riot). Like, the article says this in pretty simple English, I'm genuinely confused how you could've missed it:

In roughly the beginning, there was two organizations that came out of the project: The Matrix Foundation and New Vector Ltd / Riot / Element. The idea was for New Vector Ltd to carry out the necessary work and bring in the necessary funding for the Matrix Foundation to thrive. Or well, so I've been told.

They had multiple funding rounds lead by the likes of status.im, Automattic, the AI and Web3 company protocol labs and others; You get the gist, lots of VC and similar funding also a questionable amount of “Web3” and bullshit generation AI. Element was then tasked with using that to build the software that would power Matrix.

It seems in line with everything mentioned here:

New Vector scores $8.5M to plug more users into its open, decentralized messaging Matrix | TechCrunch

New Vector, a European startup founded in 2017 by the creators of an open, decentralized communications standard called Matrix to drive adoption and grow

TechCrunch (techcrunch.com)

This being the sad outcome, 5 years later.

Hopefully you're wearing a cinnabon on your head.

This is informative and unfortunate

We got that. It literally provides no backstory or proof to any claims made though.

Like you just quoted something...okay, so if that's the case, links, because it would be publicly known.

Truth is, to get right to the point, the fact that Matrix was accompanied by a for-profit entity, funded by venture capital was the biggest mistake that Matrix as a project has ever made.

Now you're just moving the goal posts. You claimed the article was AI generated and assumed it was talking about a separate entity also called Matrix, when neither of those things are true. I also didn't 'just quote something', I quoted the above article.

But fine:

• Web3 and Automattic funding;
• Status.im funding.

I mean I can still self host, what's that got to do with anything? Their server is gonna be freemium so what?

It's clear matrix.org is being run by scumbags trying to take advantage of useful idiots.

The protocol itself seems good, though.

It's clear matrix.org is being run by scumbags trying to take advantage of useful idiots.

The protocol itself seems good, though.

Truth is, to get right to the point, the fact that Matrix was accompanied by a for-profit entity, funded by venture capital was the biggest mistake that Matrix as a project has ever made.

Truth is, to get right to the point, the fact that Matrix was accompanied by a for-profit entity, funded by venture capital was the biggest mistake that Matrix as a project has ever made.

Truth is, to get right to the point, the fact that Matrix was accompanied by a for-profit entity, funded by venture capital was the biggest mistake that Matrix as a project has ever made.

This seems a bit of an odd take. Matrix.org making their server freemium is up to them - charging some users to use the service (not the software) is a way of keeping the lights on. Better that than ads or selling user data. Lots of privacy focused orgs do the same - Proton, Tuta, Mailbox, Mullvad, IVPN. If people also have an issue with Element - don't use Element, use one of the other apps.

If people are this upset, its not impossible (or even that hard) to migrate to a different server - or host your own.

Second biggest mistake next to them working for law enforcement.

Today I learned that VC funded companies are not allowed to invest in open source projects. Matrix would be nowhere near its current state if it wasn’t thanks to Element. It’s not the best, but it’s far from “cooked”.

This seems a bit of an odd take. Matrix.org making their server freemium is up to them - charging some users to use the service (not the software) is a way of keeping the lights on. Better that than ads or selling user data. Lots of privacy focused orgs do the same - Proton, Tuta, Mailbox, Mullvad, IVPN. If people also have an issue with Element - don't use Element, use one of the other apps.

If people are this upset, its not impossible (or even that hard) to migrate to a different server - or host your own.