this post was submitted on 04 Apr 2024
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Element is literally a private, for-profit company. And they're asking for donations and public funding?
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
but it uses an open api, i think thats their point
and open source
yeah thats what i was trying to say, thank you
This post is by the Matrix foundation, not Element.
This post was made by the CEO and founder of Element
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?
Why is it obvious? See https://github.com/matrix-org/matrix-spec/issues/571
Literally only the last comment gives any real data about how that money is being spent (and the annual report mentioned hasn't been published yet).
I think the change is positive in general, but they really haven't done a good job w.r.t transparency, and the Matrix ecosystem is still reliant on a for-profit company.
Private, for-profit, and let's not forget antagonistic to the GDPR.