Comment by willio58
1 day ago
Lots of negativity in the comments and while I'm as distrusting of VC funding as the next guy I think competition in this space is something we should encourage, and bootstrapping that is hard if not impossible at this point. Obviously this post was timed well with the 2-3 GitHub-hating posts that made it to the top of HN yesterday, but I commend the attempt here. I hope it takes off in a meaningful way.
> Lots of negativity in the comments and while I'm as distrusting of VC funding as the next guy I think competition in this space is something we should encourage, and bootstrapping that is hard if not impossible at this point.
What you are calling "negativity" are genuine concerns to me. I was excited at the headline first. But as soon as I found it is VC-funded, it became a complete non-starter for me.
Look, I'm going to make my labor of love available to the world on your platform. I'm not going to earn a dime from it. It's just free work I'm gonna put out there. If I'm going to do that, I'll choose a platform where I can be reasonably sure that there won't be a rug pull 5 years down the line.
The problem with VC-funded projects is that there is definitely going to be some kind of rug-pull. Because the investors need their money.
The Git hosting services I use today are those where I can pay as a paying customer or I can pay as a paying member. As a paying customer, I know what I am getting into. As a paying member, I have the right to vote on decisions that affect the platform.
I agree with everything you wrote, but wanted to add to:
> The problem with VC-funded projects is that there is definitely going to be some kind of rug-pull. Because the investors need their money.
If you can tell me up front what the rug-pull will be in N years, then I could potentially look past it for certain use cases.
But if all you say is "I know you don't like VC-funded companies, but ours really is different because of X" then that's pretty much a slap in the face to users who've been through the hamster wheel of enshittification before.
The thing with VC-founded projects is that there's some kind of rug-pull, ads, privacy violation or "feature enhancing" subscription likely coming and as users we should know.
I don't really like services that stress how idealistic they are when this is the upcoming reality.
Better charge money for services or if you're truly idealistic start it as a non-profit. At the very least communicate what's the monetization plan.
The big question is (and I don't know the answer, so not rhetorical) whether the protocol being open can be sufficient to prevent the rug-pull from being too bad...
If their technology choices are holding them back it just means the product becomes more turbulent as they desperately thrash for a way to make more money.
A protocol isn't a good enough reason for investors not getting their payday. They'll just force aggressive and reckless changes to see a return.
The only way this kind of thing works is if profit isn't in the equation, or the easiest path to profit lines up with what's best for the customers.
This is why I'm skeptical about bluesky in general. Despite the protocol, it's incredibly centralised. If they wanted to make money it won't be long before they start putting up the walls around their garden. The same thing applied here as well, if investors demand a return the open protocol usage will shrink or become less open.
Bluesky proves it can't. So does every proprietary blockchain, e.g. Terra.
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> and bootstrapping that is hard if not impossible at this point.
What points towards bootstraping being impossible? Sure, it's difficult, that's almost in the name so makes sense, but impossible? Especially if you're aiming for the federation-angle, then you should be able to build cheaper infrastructure, not the same/more expensive.
>What points towards bootstraping being impossible?
Even just the security concerns and having any confidence in the implementation is likely a specialized skill, so you'll need to convince someone to work for free or be able to pay them. Now do that for other major lines of work like UI/UX, Ops, and QA.
Take a look at all of the features from GitHub or any code platform that you'd need to get people to sign up these days (because they are used to GitHub/others) and it's a very tall list. Think something like https://www.enterpriseready.io/ but definitely larger (maybe 2x, 3x as large).
Oh and if someone writes a long rant about it and it gets to the top here, it likely becomes dead in the water, and you can't get the time back, making it a risky proposition. At least with VC money, you got paid a salary.
You could theorize about all those things, or you could look at Codeberg, sr.ht or others that already are doing what you claim to be impossible, yet haven't took on VC money. People are signing up and using these already, despite not offering 100% the same features.
The aim doesn't have to be "Be the next GitHub", but something else, and that's just as valid and "successful" as anything else, as long as they survive as communities.