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[2595.50 --> 2600.24] but organizations also love that they can use it without having to pay anyone to develop it or maintain it. |
[2600.66 --> 2601.54] And then they say in bold, |
[2602.08 --> 2602.38] Quote, |
[2602.56 --> 2604.40] This is completely unsustainable. |
[2604.80 --> 2606.70] And Element is now literally, |
[2607.14 --> 2607.98] that's in italics, |
[2608.36 --> 2612.26] unable to fund the entirety of the Matrix Foundation on behalf of everyone else, |
[2612.36 --> 2616.84] and had to lay off some folks working on the core team as a result. |
[2617.52 --> 2618.36] It's tragic, isn't it? |
[2618.78 --> 2619.82] Yeah, you hate to see that. |
[2619.82 --> 2623.22] I think if you look at tech stocks in general over the last year or so, |
[2623.74 --> 2630.32] there's been several trillion dollars in lost value in the tech space in general. |
[2630.66 --> 2631.44] Yeah, seven trillion. |
[2631.72 --> 2632.10] Seven. |
[2632.28 --> 2632.64] There you go. |
[2632.72 --> 2633.28] It's a big number. |
[2634.04 --> 2636.62] So if you look at that in that context, |
[2636.62 --> 2639.62] it's perhaps not too surprising that Matrix are struggling, |
[2639.92 --> 2643.74] but also in the context of Twitter potentially going away, |
[2643.78 --> 2644.58] and as we record this, |
[2644.66 --> 2645.76] none of us can log into Twitter, |
[2645.84 --> 2648.52] so who knows what's going on over there tonight. |
[2649.88 --> 2652.00] Projects like Matrix are more important than ever, |
[2652.38 --> 2657.20] and I don't really know what else to say on the matter. |
[2657.20 --> 2660.96] So we should try and support these guys however we can. |
[2661.48 --> 2664.50] I mean, you guys both know, huge fan. |
[2665.42 --> 2670.76] You know, we have invested a ton into making Matrix work great for our community |
[2670.76 --> 2672.60] because we think it's super important, |
[2672.60 --> 2676.32] and it has been one of the highlights of my 2022, |
[2676.68 --> 2678.82] has been the growth of our Matrix community. |
[2679.24 --> 2680.12] One of the highlights. |
[2680.38 --> 2682.58] One of the best things I think has ever happened to JB |
[2682.58 --> 2684.10] has been the growth of our Matrix community. |
[2684.10 --> 2686.38] So I love Matrix, and I love the project, |
[2686.58 --> 2688.84] and so I actually looked at what it would cost |
[2688.84 --> 2691.80] to donate to the project and become a member of the foundation, |
[2692.08 --> 2694.66] and they have a few token things. |
[2694.82 --> 2696.90] You could do a Patreon, but you don't get a membership, |
[2697.10 --> 2700.18] but if you want to be in the loop |
[2700.18 --> 2701.88] on what's going on with the Matrix Foundation, |
[2702.26 --> 2704.54] if you want to have maybe on the mailing list |
[2704.54 --> 2706.30] and get word in on what they're doing, |
[2706.72 --> 2708.28] the price starts at $100,000, |
[2708.86 --> 2710.60] and it goes up from there |
[2710.60 --> 2712.02] depending on what you want to be involved with, |
[2712.44 --> 2713.82] and then they have things like, |
[2713.82 --> 2715.90] well, you could sign up for the element services, |
[2716.74 --> 2719.58] and, you know, $5 a user or $3 a user, |
[2719.64 --> 2720.68] depending on which plan you want, |
[2720.74 --> 2721.82] you can help support development. |
[2722.28 --> 2723.32] That doesn't apply to me. |
[2723.80 --> 2726.28] I'm specifically using this because I can self-host it. |
[2726.56 --> 2729.76] I'm not interested in paying for a hosted version |
[2729.76 --> 2731.62] I'm never going to use just to support the project. |
[2731.84 --> 2733.30] That doesn't make sense to me. |
[2733.74 --> 2734.82] Also, with how we did it, |
[2734.88 --> 2736.38] I think we've been paying quite a bit |
[2736.38 --> 2738.98] considering our user mistake on our server. |
[2739.50 --> 2741.10] And then the truth of the matter is, |
[2741.14 --> 2741.92] is, yeah, when you're learning, |
[2741.92 --> 2743.80] it costs you a ton to do it that way. |
[2743.90 --> 2744.80] That's a great point, Brent. |
[2745.24 --> 2747.98] And the truth of the entire thing is, |
[2748.02 --> 2749.56] it's like they've never really come at me |
[2749.56 --> 2752.00] with a viable way or an easy way |
[2752.00 --> 2754.22] for me to contribute value back to them. |
[2754.38 --> 2756.28] Like I can go buy a hoodie for $38, |
[2756.62 --> 2757.58] or whatever it is, |
[2758.22 --> 2759.88] but like, so they what, they make $5? |
[2760.74 --> 2761.66] Pounds, Chris. |
[2761.92 --> 2762.52] Whatever it is. |
[2762.76 --> 2764.40] It's a currency of an entire nation, |
[2764.54 --> 2765.26] whatever it is. |
[2765.56 --> 2767.34] Well, I don't have it up on my screen. |
[2767.34 --> 2769.26] It was just funny. |
[2769.64 --> 2769.92] Is it? |
[2770.02 --> 2770.16] Okay. |
[2770.50 --> 2771.34] So I don't know what that, |
[2771.44 --> 2773.60] I don't know what that converts to in U.S. greenbacks, |
[2773.76 --> 2775.22] but, you know, it's, I don't know what is, |
[2775.30 --> 2778.90] $5 of U.S. greenbacks go to the project, maybe? |
[2779.14 --> 2780.62] What am I going to buy, 30 hoodies? |
[2780.76 --> 2781.92] Like, it just doesn't make any sense. |
[2782.40 --> 2783.56] I hate to say this, |
[2784.04 --> 2786.32] but it's like they thought they'd build it |
[2786.32 --> 2787.56] and just the money would come. |
[2788.14 --> 2790.24] You know, when they say this is completely unsustainable, |
[2790.28 --> 2791.34] what's actually unsustainable |
[2791.34 --> 2792.48] is their approach to the market |
[2792.48 --> 2794.02] to try to get funding in the first place. |
[2794.02 --> 2795.74] A good friend of mine made a point |
[2795.74 --> 2797.32] that I think really stuck with me, |
[2797.36 --> 2799.92] and that is how big do they want to be, right? |
[2799.96 --> 2802.46] They want to be a ginormous foundation. |
[2802.60 --> 2804.36] That's why it's $100,000 to get in the door. |
[2804.78 --> 2807.36] They want to be like the Linux foundation. |
[2807.90 --> 2810.02] And I think the question we have to ask ourselves, |
[2810.14 --> 2811.42] is that the right model |
[2811.42 --> 2813.04] for what they're trying to do here? |
[2813.20 --> 2814.36] It's a huge job. |
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