It's not just the pyramid scheme, which was obvious, you can't 'explode' money exponentially from nothing, it has to come from somewhere; But is is also the competition that it was based on, the mentality it created. Of course, I also participated, just in the hope it would become true, because many of us are operating at levels of near-bankruptcy. But is is deep down not healthy to infect commons-based projects with competition for scarce funding (the promised abundance only comes from massive internal mobilization of the in-group, so just as in network marketing, you need to 'exploit' your own in-group first).
@rizzn Artizen has been going on for quite a while, and gained quite a lot of trust from some important people and organizations in the public goods financing and regenerative finance space, which lulled other people into thinking it was safe to bet their money that it would pay off.
@TheBlockCo@zachxbt over 20m USD missing. This might be mismanagement and SPOF only, anything else would be even more hurtful to all the people that have raised money for charitable / impact projects.
@mbauwens Does anyone have proof of the medical condition? It could just be a ploy for sympathy. "That money was raised to grow Artizen. With operations ending, we won’t be distributing those additional funds." This isn't "life's work", it's a pyramid scheme.
@devanshmehta Asking people with minimal finances to put funds in now, with the expectation of a return in 6 months' time was already enough of a red flag for me. I don't blame anyone for trying or for hoping, it's sad that it happens again, and will continue to until the end of time.
Notwithstanding health issues from the founder, i genuinely did not expect such a dishonorable exit by artizen where creators spent months rallying fans to contribute only to realise it was all uncompensated labor without any bonus or match funding on top of community contributions
I used to proudly hold up artizen as an example of a PGF project that became stronger in the bear market unlike its peers from the 2021 era
However it appears that all their claims of millions raised in an endowment for creators were simply untrue if they can't even honour outstanding obligations before folding up
Today's news of @Artizen folding is an awful shock. Funding regenerative projects has always been incredibly hard because people who most want to enact change often do not have purchasing power to match.
Quadratic & matching funding met this need, Artizen seemed to show promise but we're back to square one. Projects have been promised their funds back back without any of the matching amounts, and also minus the platform fees.
It's a damn shame, situation still ongoing. If you had a fund on there and a community that you rallied to the cause we need to document it all. @breadcoop@RegenCoordinate@gardens_fund@tdfinyourdreams@crypto4commons
Big investigation coming out: Indonesia 1965 - How Germany armed & financed a Genocide .
Out: 30 September 2026
For months I have worked through more than 1,000 pages of declassified German archives on what many call the genocide against communists in Indonesia.
Israel's election committee banned both major Arab parties four weeks before the election.
If it wasn’t already clear, Netanyahu and his far-right allies want an Israel where Palestinian citizens, 20% of the population, have no voice at all.
NO MORE U.S. MILITARY AID TO ISRAEL
Show this to anybody who still denies the genocide.
These were all people's homes. Completely and totally destroyed.
These images should haunt those who enabled Israel's crimes against humanity - and we will never give up until there is justice for the Palestinian people.
Have you ever been to a conference where the attendees set the agenda themselves?
It's called "Unconferencing" or "open space" technology and we're big fans!
We believe this helps attendees access the potential of the shared genius in the room and the moment where we meet.
Curious about the forming WORLDPLAY network, the June gathering at Commons Hub, or future online / IRL / hybrid activities around radical play, parallel worlding and imagination infrastructuring?
Join our first open network call.
Saturday (May 16), 6pm CEST (link in comments)
The Yin and Yang of money: can community currencies and the blockchain get along?
About my 35+ years in community currency work, the Collaborative Finance gathering, and his book 'Pathways to Regeneration' together with @thetokenjedi
https://t.co/YQxAEhdNbG