Oddbean

OpenSats grants are paid monthly, at least from the few grant receivers that I've spoken with. Their $300K seed round was in April 2023. Their undisclosed amount from OpenSats was in July 2023. Both of these were over a year ago. It's possible the funding dried up paying the salaries and infrastructure costs for a 18 months. It's tough out there, man.

yeah, i'm seeing problems in my own work too, getting a definite muted feels from my boss, first time since i started waiting so long after beginning of month for my pay to go through also economy is tanking hard, so that means probably a huge money print is upcoming and then later on raging inflation and more hitting the brakes and further the whole thing slides out of contrtol with the real shink going on the NGU in bitcoin is not gonna be as good or mean as much when there is less it can be used for, but on the other hand, the rush to cash is gonna mean a lot more bitcoin so ... i'm on a bitcoin standard anyway, i pray for a good ngu so i can get some stuff organised

Hang in there. Sounds a lot like my 2007, I was going through that a year before the economy dumped. Clients had trouble making payments back then, work slowed down. I’m a freelancer, tech is my primary income and tech winter has been long. It’s getting better but I diversified my ass off and stepped out of the tech bubble a bit. Shut down my brick and mortar. Just doing things differently than 2007. A much more positive experience today, for me, but the signs are there. The volatility, for sure.

yeah, i think the coming 12 months are gonna be very rough but for those of us who know the score it's gonna be relatively smooth because we are not in the way of the oncoming train, that will help because people will notice we aren't sinking like the mainstream

We have something we didn’t have in 2008 😉 That was a rough one for me. I worked for a giant corporation that furloughed us. We made half for months on end. It was brutal. More prepared this go around.

i wish i was more more prepared... for me at that time i was insulated from the real world in the UBI bubble of australian long term unemployment just before the point at which i started to realise it was never going to change while i lived there... 4 years later i left the country for good, was no scope for me to really become economically mobile has only taken 12 years to reach the point now where i will likely weather this next storm where before i would have probably sunk into suicidal depression just mainly hoping to establish something of a tenure as a bitcoin/nostr dev so i can tread water until the economy fully corrects from the current insanity i'm not so optimistic that i've feathered my nest adequately at this point, i think i should have reconsidered my relocation options sooner when it was easier for me to do it

Our countries are similar… they screw is similarly 😉 The mistake I made back then was sticking with what I knew like there would be a return or recovery. I just don’t think that happens anymore.

yeah, i think that it's coming in the next cycle for them, we are deeper in recession than we were during the great depression by orders of magnitude, worse than the winter of our discontent, tecehnological deflation is hiding it

Problem is, the mainstream kids just don’t see it that way. They don’t try to. They believe what they are taught in high school and by the media. They don’t comprehend the forces affecting their lives.

at some point reality will pierce the membrane of brainwashing, it is inevitable that eventually the tricks run out of effect, it's the same as how eventually printing more money becomes impossible due to literally mathematics (and wheelbarrows) speaking of that last one, they have a trick against the appearance of wheelbarrows but the dizzying moves of NGU will show it, that is still to come

i've met tony and ben a few times. they're good people that are incredibly smart and talented. maybe im blinded by considering them friends and also because i never fully dove into using mutiny on a daily basis. does this suck? absolutely. it hurts. and im sure users are upset too.

No question regarding their talent. Can’t speak to anything on a personal level beyond what I’ve seen them post on social media. My main point is that the decision to completely shut down the wallet and the way the announcement was made is not in line with their messaging for the past year since launching the app publicly.

that's a lot of money. i read somewhere else its a few times more but 300k is a lot of money. it's important to see how much money flows through this space (both open source and bitcoin), what is being used for and the outcome. What was the effort in user adoption ? man, people are so privileged - Just come here, ra ra abut bitcoin, take in half a million, a year later say opps sorry, i tried, didnt work, bye bye. This is insane.