It’s the apotheosis of capitalism where the market now provides a financial token game for every meme, every celebrity, every political movement, and every bit of art and culture—with each tribe competing against each other in a war of all against all for the hyperfinancialization of all human existence. Is that the world we want to live in?

Web3 is a deeply polarizing topic for technologists because it’s designed to be that way. It’s a rhetorical trick to set up a false dichotomy between the legacy internet world of popup ads and Zuckerbergs—which legitimately does suck—and a fantasy world built on technologically incoherent pipe dreams and phoney crypto-populism.