I never trusted Presearch because when it first rose to prominence, it had the word “blockchain” everywhere (example). I never understood why search needed blockchain technology. It looks like my skepticism was justified, as checking the current website now says “AI” instead. They just pivoted from one buzzword to another.
What we inherited included significant reputational challenges, an unsustainable token model, limited monetization, and a complex, bloated infrastructure that was extremely expensive to operate. Both the Web2 and Web3 technology stacks required extensive work simply to stabilize the platform, let alone improve it.
Web3 often seemed to be a solution looking for a problem. If we wanna say what web3 should look like, I’d say it’s E2EE, but the current coinage (pun intended) is cryptocurrency jankiness. Given crypto currencies are littered with bad reputation with scams, it sucks but I’m not surprised Presearch couldn’t hit a good target audience.
I took it as a suspicious way to pay node runners
Having a big network of residential IPs, or even VPSs for the matter, is a valuable resource. Even just for scraping Google… practically impossible to block. And this mitigated the blocking SearX(NG) instances experience
The question is if the PRE coin had any real value and how sustainable it was. As we see, likely not very sustainable.
I’d rather bet on goodness in people to help the project without money gains. People do run Tor nodes, SearX(NG) instances, XMR nodes or even smaller things like Tor Snowflake extension… just for the appreciation in the project and willingness to help
And for money gains like this there is a big incentive to game the system with sole intention to earn as much as possible while having 0 care for the project.