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Matrix is cooked (blog.cyrneko.eu)
submitted 1 week ago by flamingos@feddit.uk to c/technology@lemmy.world
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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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[-] flamingos@feddit.uk 46 points 1 week ago* (last edited 1 week ago)

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.

[-] just_another_person@lemmy.world 6 points 1 week ago* (last edited 1 week 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.

[-] flamingos@feddit.uk 47 points 1 week ago

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:

[-] pulsewidth@lemmy.world 20 points 1 week ago

Man, I hope that guy has a tasty hat.

this post was submitted on 15 Jun 2025
150 points (100.0% liked)

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