rglullis , 1 month ago (edited 1 month ago)

I will readily agree that crypto absolutists are worse than the status quo. But I will also say that there are plenty of good people working in “web3” that are genuinely focused on building alternatives for disenfranchised groups.

The problem with web3 is in some ways similar to the problems of Fediverse and commons-based R&D: the majority of people claim they want to support the original (noble) goals, but when push comes to shove they do not back their words with actions, so the good projects get eclipsed by the psychopaths that get investment and resources because they made empty promises that appeal to people’s greed. This is why we end up with A16Z scam DeFi, SBF, Threads & “source available” software projects.