“We’re still early” also means we’re still learning and will fuck up things until we’ve figured them out. I celebrate everyone who’s helping us to fail upwards.

Thank you for investing in this team and accepting the risk! 🙏

startups are way fucking harder than most people realize

Give up after less than a year = scrappy? I think they got fat from the money raised and ran

Thanks for investing and for sharing these thoughts.

Spend time on the ground floor of a startup, and you'll quickly learn how difficult they are. Most weeks you'll wonder how you still have a fucking job.

Thank you this is helpful feedback. I applaud their effort and talent. The announcement was sudden and out of the blue, and not in line with their messaging since launching a year ago. I think any company building a product that people rely on for using money ought to carefully consider how they make decisions and changes and how they communicate those out to users.

Fucking hard indeed!

I have not found a single open source toC application case. ToC applications lack a positive incentive mechanism for open source. Zuckerberg open sourced Llama because Meta missed the best time. He was forced to open source by competition and surpass OpenAI by imitating Android. The other reasons are all high-sounding. He is not an open source advocate. These vested interests who advocate open source are also unwilling to open source their current successful applications. The successful open source companies I have seen are toB companies. Most of the successful open source software companies open source some common tools in some emerging industries. For example, the big data and AI industries. After more companies use this tool on github, they provide value-added services around the tool. For example, Databricks. Starting a business is difficult. You have to face team salary and product revenue issues every day. Lightning wallets also need to face legal risks. I understand Tony's pressure, but this is the price of creating new things. You can take a break if you feel you can't stand it. This is a rare opportunity to reflect and grow. It is common for startups to fail, and failure is a way to find the right path. But Tony needs to consider his future direction. "I've fallen out of love for Bitcoin and the industry."

I was with Tony, Ben and Paul in Bitcoin Commons in Austin when they were launching Mutiny & explaining how they'll monetize... and that you're in. I though it was quite good play considering the talent of the team.

I'm honestly sad to see Mutiny shut down. Startups are super hard. Businesses targeted toward power-users are even harder. From the outside, if there's something I think we can learn from this great work, I think there's a lesson in that. We need to know our customers. Most customers aren't power-users. Mutiny was really growing on me in the past few months. I featured it heavily in my recent Nostr article. I was an active user. As a literal user I'm sad to see it shut down. What a great wallet it has been. Great work from the team.