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  • Re: The Nym Technologies business model

    From Gabx@info@tcpreset.invalid to alt.privacy.anon-server,alt.privacy,sci.crypt on Monday, April 21, 2025 22:57:26
    From Newsgroup: alt.privacy

    Gabx wrote:
    Nomen Nescio wrote:
    I just watched the YouTube video

    | Shipyard Academy
    | Lecture 6: A cypherpunk history of mixnets by CEO Harry Halpin

    <https://www.youtube.com/watch?v=0k_G4Fc_ka0>

    a biased history of anonymous mailing published 2 years ago.  And,
    reading between the lines, for the author Harry Halpin, CEO and
    co-founder of Nym Technologies, it's only about making money through
    payment systems.

    According to their roadmap the goal is a

    | Paid mixnet via anonymous bandwidth credentials

    | In the far more distant future we want to see everyone using this

    | I think we can scale to about a quarter of all the Internet traffic

    <https://youtu.be/0k_G4Fc_ka0?feature=shared&t=1817>

    For them thats the VPN business on steroids!

    They betray the idealistic Cypherpunk movement, which once aimed at a
    free Internet.  But that Internet now has to become their proprietary
    cash cow.  And they're already awash in money, which immensely helps
    promoting their product.

    Wherever there's money and financial interests involved, there can be no
    real struggle for ideals. The Cypherpunk movement once stood for freedom
    on the internet, but now we're seeing these principles being commercialized.

    What Harry Halpin and Nym Technologies are doing appears to be
    transforming what was once an idealistic movement into a commercial
    venture - essentially creating a proprietary system they can profit
    from. Their goal of scaling to "a quarter of all Internet traffic"
    reveals their true motivation.

    This is sadly emblematic of a larger problem: a world built around money
    that ultimately threatens everyone's freedom. When financial gain
    becomes the primary objective, the original mission of creating truly
    free and anonymous networks gets corrupted.

    True privacy infrastructure should serve people, not profit margins.

    Gabx
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