The "selling" point of web3 is that it turns the users themselves into VCs and promises them if they buy in early on something that takes off, they'll get rich.

The "selling" point of web3 is that it turns the users themselves into VCs and promises them if they buy in early on something that takes off, they'll get rich. Like if the first 100,000 users of Facebook or Uber got a share of the company. In practice this basically just incentivizes users to treat web3 projects as if they were a MLM schemse and sell them as hard as possible to anyone who will listen. Plenty of people like this setup for obvious reasons, but it's virtually indistinguishable from a pyramid scheme wrapped in a layer of technical jargon. https://www.bloomberg.com/opinion/articles/2022-01-19/washing-web3 https://www.bloomberg.com/opinion/articles/2022-01-19/washin...