#web3
this post was submitted on 07 Jun 2023
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@notExactlyI20 Also, in the centralized model it only takes a few decisions to tank things. See: Elon Musk’s Twitter takeover and his following decisions and Reddit’s new pricing scheme.
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Is it because interest rates are higher so investors are hanging onto their money? The money doesn't flow as freely in that direction, but it has to come from somewhere. That means, the "free lunch" users have been having while money was flowing from the investor side has to end, and the tech companies put the squeeze on the users instead to bring in money from that direction.
I don't know if that's it, but maybe?
What happened with Twitch? I'm out of the loop there.