2 ms·
The analogy has some merit as both Bitcoin and Mastodon are decentralized services that are not driven by a tech company with commercial interests in the backgr
by G3rn0ti 4y ago
The analogy has some merit as both Bitcoin and Mastodon are decentralized services that are not driven by a tech company with commercial interests in the background. Well, Bitcoin miners receive transaction fees and Mastodon instance operators donations but owners of Bitcoin or a Mastodon account have to create a meaning of these services by themselves.
And I would argue that the article’s thesis is not far off as traditional media are confused by both projects due to this non-alignment of the services’ ownership and value they create. The typical crypto article focuses on advertising or scandalizing imploding crypto startups but fails to convey the benefit of international, distributed and programmable money. Similarly, the typical Mastodon article is about negative campaigning of Twitter and its new generally hated CEO but fails to explain the fundamental idea of a non-commercial distributed social network.