Re: https://mastodon.social/@lrhodes@merveilles.town/109552108127349128
Another important warning from the pawoo acquisition: The purchaser, Mask Network, is a cryptotoken company that pushes the "web3" myth and openly runs NFT scams*. A lot of people comment that when Twitter started failing it was ActivityPub that wound up being the decentralized way forward, not blockchain tech, but blockchain scammers have a financial interest in making it look otherwise. (1/2)
* Explaining this comment to ward off lawsuits: all NFT sales are scams.
In other words, blockchain/NFT scammers find marks by associating themselves with literally whatever sounds good— financial liberation, musicians, distributed networks, "green energy". Now that Mastodon is starting to culturally "look good", the blockchain/NFT scammers have an incentive to find ways to associate themselves with it and possibly even try to take credit for it after the fact. And though they have no useful technology, they *do* have VC money to spend on PR and acquisitions. (2/2)
@mcc but VC money is drying up. That’s why Twitter, Facebook, NFTs, and crypto are dying. It’s why Google is losing money. Inflation means that it now costs money to lend money, and tech companies are struggling make up the profit they need.
@someMAHoo that makes sense… are there concrete signs (in terms of changes in VC behavior) that this is happening, or is it simply the expected economic result of inflation rising?
mcc
Mark Halvorson