this post was submitted on 22 Sep 2023
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They are as well!
Was a open source platform run on donations entirely ever be a competition for something huge like Twitter? This is a first afaik.
I’d say Bitcoin is a bigger example.
yeah but like yesn't. bitcoin isn't a good example imo
How so? A decentralized open source platform with no owner which has a 500B market cap and 220 millions users.
I feel like that’s exactly what we are talking about. I understand the negative sentiment over crypto, but this is a fact.
Or maybe the difference is that it hasn’t stifled some competitor platform yet. I can agree with that because it’s not a parallel in that it’s competing with nothing.
Do people either make money or think they'll make money simply by using the Fediverse? One can certainly advertise via guerrilla marketing on a Fediverse platform but it's far more lucrative to advertise on mainstream social media.
Are you saying brands don't want to come to the fediverse to market their products? I mean if that's true that seems like a good thing, and even if it wasn't I'm sure they would once Lemmy/Mastadon are big enough
No I'm pointing out why the comparison to Bitcoin is inaccurate. It's like saying that your open-source software project will work because the Linux kernel worked. The sole point of similarity has little relevance.
The Fediverse isn't asset speculation, Bitcoin is.