@LefterisJP: The funding challenge for principled, aligned apps in web3
AI summary of the linked articleLefteris, an ex core developer and builder of the app Rotki (@rotkiapp) since 2017, argues that the biggest limit facing aligned apps (open source, privacy-first, decentralized, self-hosted and non-capturable) is raw capacity, meaning funding and talent rather than ideas, demand or product-market fit. He says aligned apps build more slowly because they refuse to compromise on their values, and they are poor venture investments because their non-extractive design leaves nothing to extract. Without funding, these teams cannot iterate fast enough to respond to feedback and fall behind projects that cut corners. He notes that public goods funding attempts such as grants and retro PGF often fall short because of insufficient money, too many projects, or grifters draining the pool. | |
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Let's call them "aligned apps". Being aligned is not a black or white thing. It's more of a spectrum. The more aligned you are, the harder it is to build, but the more useful and principled the product tends to be. Not exactly "uplifting Ethereum news" if you ask me. That said, recognizing and spitting out the problem is maybe the first step to solving it | |
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