Thank @_elena@mastodon.social for writting your article about the fediverse. I love reading your blog :)
this post was submitted on 16 Apr 2025
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Fediverse
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Can you imagine, years ago how the internet was before? We know Facebook, Twitter, Tiktok, Youtube. We knew blogger, Tumblr, Skyrock... and long before, it was the forum era as phpBB..and mail-lists.
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I genuinely have no idea how to defend tech from big money. The reality is that the startup industry as a whole has been purchased by the vc machine, and success in any venture is highly coupled with your business network connections. They can afford to outpace you: it's play ball or fall behind. There is very much a "silicon valley royalty" oligarchy that cooperates and prevents real threats to their power
The world of tech VC is structured into a heirarchy where smaller VCs make money by selling their risky ventures to more powerful VCs after the company proves itself. It's a pyramid
The case studies are infinite here, but just look at something disruptive like Bitcoin was. The play? Blockstream was given 75m by the banksters to buy up the developers and communication forums. Eventually they were able to obtain the commit rights to the Bitcoin repo, and control the narrative on Reddit. At that point, the revolution was over, and the controlled manipulation to make money began -- a new unregulated space where they could move the price however they wanted
I don't really believe in the fediverse. Why? Because of the business power law: the top entity in any space controls more than the rest combined. Stuff like email providers consolidated. We already see lemmy.world as pretty much "the" instance. Imagine they sell out, which is a very hard temptation to refuse at a certain scale. Or big tech makes the hot new instance and out funds it
That's why i believe in collective as https://chatons.org/
The problem is that donation isn't enough. Not everyone has the ability to pay it, but collective allow shared fumd Γ§anagement instead of an imdividual one.