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Open Source Infrastructure must be a publicly funded service. - Matrix.org (matrix.org)
submitted 2 years ago by to c/opensource@lemmy.ml
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[–] 40 points 2 years ago (9 children)

Element is literally a private, for-profit company. And they're asking for donations and public funding?

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  • [–] 17 points 2 years ago

    The Matrix.org is Community Interest Company registered in UK, and its full name is THE MATRIX.ORG FOUNDATION C.I.C., please, consider this as a proof proof.

    Given this information, I would guess it's relatively safe to donate/give funding to the Matrix.org because its financial flows should be protected by UK law.

    BUT, it seems they never made a full report of incomes/spendings, the first one is expected in April 2024. But it's already April 2024, and I don't see a report. Anyway, it's better to read original Issue in regard of such things, I might understood it incorrectly

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  • [–] 4 points 2 years ago (3 children)

    This post is by the Matrix foundation, not Element.

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  • [–] 2 points 2 years ago (2 children)

    This post was made by the CEO and founder of Element

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  • [–] 2 points 2 years ago (1 child)

    And ? Obviously it's not the for-profit structure which would benefit from donations. VC money is one way of financing things (which has the cash burn rate issue), public money and donations is another, why would changing from one model to another be something bad?

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