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I'll be waiting on the sidelines. Telegram has grown way beyond what is sustainable by just the founder's funding. It has also managed to avoid government scrut
by captn3m0 5y ago
I'll be waiting on the sidelines. Telegram has grown way beyond what is sustainable by just the founder's funding. It has also managed to avoid government scrutiny and any legal oversight by running behind a web of proxies and servers. While that has served it well for growth, it can't scale forever as infrastructure costs catch up.
My personal thesis has been to wait and watch as telegram is forced to either shut down or turn evil to raise enough money for their finances. They tried to stay away from fiat by launching <del>TRON</del> TON but that got shut down, and now they're asking for money in euros.
Once this ad program succeeds (it better do, telegram badly needs a revenue stream), it becomes a lynch-pin in telegram's model of success - their bank accounts are prone to seizure the next time a scandal blows up on telegram.
Edit: The ToS defines "Company" as "the legal entity which belongs to Telegram group of companies and has a right to enter the Agreement with the Advertiser for the Services". Sounds like they're extending the "hidden-hosting" to "hidden-shell-companies" as well. Would advertisers be okay entering an agreement with an unknown legal entity?
- nnx 5y ago> They tried to stay away from fiat by launching TRON but that got shut down, and now they're asking for money in euros. TON. Really not sure why the ended up shutting it down, but I wonder why they would not go directly with Bitcoin on Lightning instead of reinventing the wheel.
- ac29 5y ago> Really not sure why the ended up shutting it down They were sued by the SEC: https://www.sec.gov/news/press-release/2020-146 https://www.sec.gov/news/press-release/2020-146
- infruset 5y agoThe project has actually re-launched independently under the name of FreeTON, and now EverScale: https://docs.tonalliance.org/ https://docs.tonalliance.org/ https://coinmarketcap.com/currencies/ton-crystal/ https://coinmarketcap.com/currencies/ton-crystal/
- ex3ndr 5y agoNot really, this is a fork. Original ton.org is online.