Twitter’s founder admits that shutting down the API was “worst thing we did”

Re:Twitter’s founder admits that shutting down the API was “... by ClumsyPilot on Thursday December 23, 2021 @03:35PM (#29666157)

"VC's wouldn't spend a single dollar on it, because you can't extract profit from something you don't own."

You can build business and infrastructure without VC involvement. Sometimes it will be healthier for it.

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Re:Twitter’s founder admits that shutting down the API was “... by 8bitsrule on Friday December 24, 2021 @05:12AM (#29672291)

Telephone co-ops still exist, and have for a long time. They manage to stay small enough to never become tasty meals. Sea eagles fly right by. There are -many- kinds of co-ops.

[https://en.wikipedia.org/wiki/Utility_cooperative]

[https://en.wikipedia.org/wiki/List_of_utility_cooperatives]

[https://en.wikipedia.org/wiki/List_of_co-operative_federatio...]

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Re:Twitter’s founder admits that shutting down the API was “... by soneca on Thursday December 23, 2021 @03:52PM (#29666320)

I would appreciate a list of web3 projects that don’t have and explicitly don’t want to have any VC involvement (or big company involvement, as it would mean the same thing).

I am interested in learning what that liberty it might bring to those projects.

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Re:Twitter’s founder admits that shutting down the API was “... by riffic on Thursday December 23, 2021 @03:57PM (#29666379)

look at the activitypub ecosystem then, where no one needs permission to become a participant, and vc's refuse to even acknowledge its existence.

https://git.feneas.org/feneas/fediverse/-/wikis/watchlist-fo...

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Re:Twitter’s founder admits that shutting down the API was “... by ognarb on Thursday December 23, 2021 @05:56PM (#29667474)

the fediverse is in no way related to this web3/blockchain bullshit. It's actually more related to the original idea of web 3.0 as semantic web due to the usage of similar protocols e.g. json-ld.

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Re:Twitter’s founder admits that shutting down the API was “... by fleddr on Thursday December 23, 2021 @04:24PM (#29666656)

You'll find that VCs, the shortlist of usual suspects, have their hands in almost all web3 projects.

And even if they missed one, they'll get in later anyway by simply buying the token. Big capital always wins.

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Re:Twitter’s founder admits that shutting down the API was “... by clpm4j on Thursday December 23, 2021 @04:11PM (#29666516)

I'd be interested in that list as well. All of the major / currently most popular ones seem to be in bed with a16z: https://a16z.com/portfolio/#crypto

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Re:Twitter’s founder admits that shutting down the API was “... by KarlKemp on Thursday December 23, 2021 @04:28PM (#29666689)

Yea, but has little to do with OP’s point, which was VC attention -> (requires, and therefore proves) centralized entities. The reverse isn’t true, and nobody claimed it to be.

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Re:Twitter’s founder admits that shutting down the API was “... by gnu8 on Thursday December 23, 2021 @04:32PM (#29666736)

We should just euthanize everyone and blow up the planet if the only worthwhile reason for doing anything is for VCs to extract profit from it. People who think accumulating more wealth than they need at the expense of people who are starving is ok should be thrown into a volcano.

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Re:Twitter’s founder admits that shutting down the API was “... by dang on Thursday December 23, 2021 @04:38PM (#29666809)

"Please don't fulminate." It's tedious and repetitive.

https://news.ycombinator.com/newsguidelines.html

p.s. No, I'm not trying to defend profit-extracting VCs or whatever; just trying to defend this place from burning itself to a crisp. Comments like this one and https://news.ycombinator.com/item?id=29588384 are just what we don't need in that regard.

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