I think there are two main reasons for that: 1) web1 and even web2 was largely by/for nerds. These things eventually became mainstream but there was a non-ubiq

I think there are two main reasons for that: 1) web1 and even web2 was largely by/for nerds. These things eventually became mainstream but there was a non-ubiquitousness for the core concepts or at least audience. We now are asymptotically 100% mainstream. 2) web3 is principally based on “money”, or things that involve money in some way. That will always bring grifters, and the fact that some random non-tech non-SV-idealist-coming-from-the-60s-counter-culture-movement person can now seize an opportunity for a dodgy way to make money will brings lots of those people. Then you add in Miami which seems to be a home to a lot of these things, with a culture that reinforces material displays of wealth, and you have a huge force for not good with whatever web3 is supposed to be.