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Matrix is cooked (blog.cyrneko.eu)

submitted 2 weeks ago by [email protected] to c/[email protected]

24 comments fedilink hide all child comments

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.

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[–] [email protected] -1 points 2 weeks ago (2 children)

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.

[–] [email protected] 0 points 2 weeks ago (1 children)

It seems in line with everything mentioned here:

https://techcrunch.com/2019/10/10/new-vector-scores-8-5m-to-plug-more-users-into-its-open-decentralized-messaging-matrix/

This being the sad outcome, 5 years later.

Hopefully you're wearing a cinnabon on your head.

[–] [email protected] -1 points 2 weeks ago* (last edited 2 weeks ago)

6 years ago, first of all.

Second, this project has transitioned literally everything away from that.

It literally has no relevant point.

Just someone ranting against shit they known nothing about, your link going further to prove that point.

[–] [email protected] 0 points 2 weeks ago* (last edited 2 weeks ago) (1 children)

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.

[–] [email protected] -1 points 2 weeks ago* (last edited 2 weeks ago)

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.