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this post was submitted on 10 Mar 2024
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Programming
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What's up with all the shilling posts lately?
This has existed since at least 2018 according to their Twitter, and is related to crypto currencies through its Radworks DAO
Edit : I'm not saying OP themselves is a shill. Radicle did a pretty goog job at hiding its cryptocurrency ties. They even renamed their token from Radicle to Radworks a few years ago. It seems like cryptobros are adapting to the fact that being related to cryptocurrencies hinders adoption among technical people.
Ah, great. Another crypto grab.
So we went from companies claiming to use blockchain/crypto even if they didn't use it (for any significant portion of their service), to now hiding it when they do use it?
They were shilling on HN too. People were getting frustrated because they were being incredibly evasive about their monetization strategy but, being HN, business model critiques were not well received...
From what I read in the HN thread the token is only used for governance (and possibly also fundraising), it is not baked into the actual platform. I am happy to be corrected though if anyone knows more/has more details.
That should make you just as worried
Why? It is the same power dynamic as any other open source project that is primarily built by a company.
Part of the issue is the whole thing smells weird.
Like they won't talk about their monetization strategy at all but they acknowledge that there will be one. They're trying to randomly apply crypto to something that's literally already the one proven blockchain tech, and they started at the height of the crypto token scam industry and it looks a lot like they're trying to suck up the last dregs of that cycle.
If you are hammering crypto into things that don't obviously need crypto you really need to justify it thoroughly. A relatively old company just hand waving all of it should raise all of the red flags.