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Just a reminder that 0% of fediverse admins took on debt to support their communities.
(stefanbohacek.online)
this post was submitted on 24 Oct 2024
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@[email protected] Yes, true, fair enough.
Still, looking from afar, as a non-entrepreneur, seeing startups raising funds only to enshittify and/or fold as they attempt to pay them back, with interests, I don't know if the difference is meaningful enough.
@[email protected] Well, --
"Bluesky also raised $15 million in a funding round led by the crypto investor Blockchain Capital, but says it does not plan to use blockchains, crypotcurrency, or “hyperfinancialize the social experience” with tokens, crypto trading, or NFTs."
https://www.theverge.com/2024/10/24/24278666/bluesky-working-on-premium-subscription
We'll see!