2814 sats \ 3 replies \ @gunson 3 May 2023 \ on: Fedi, Inc. Announces Raising $17 Million in Series A Round bitcoin
Hopefully this comment doesn't age well:
Seems like they're massively over promising on the product, especially with no live product to show for it so far. Series A for a company without a product and with 0 revenue is very odd.
I'm also weary since Fedi keeps getting mentioned as some magical privacy and scaling solution for Bitcoin.
Should have released something smaller and more targeted to start.
I agree I hope Fedi works and can be used as a scaling solution. But it’s odd to me how the community is so hype about this but clown on liquid
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Agree. Are they trying to compete with Android? Hopefully it works out but consider me skeptical
Should have released something smaller and more targeted to start
Absolutely. This reminds me of Nostr vs Holepunch. Even though they are different things, the Nostr protocol was released early with improvement possibilities, that invited tons of users & developers and grew like wildfire. Whereas Holepunch (and Fedimint in this case) are too protected by a company/organization and they don't seem to get as much grassroot traction
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Thank you all for the comments, insights and support 😊 A truly federated OS is where we are headed. The Alpha version we are rolling out for developers in a few weeks can already federate some of the core privacy and security functions of your smartphone's OS, replacing centralised control with decentralised, community control. That includes custody and use of your money, data, and messaging.
In the future we intend for Fedi to include a much broader range of functions that your phone's OS currently handles.
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