When I look at projects like ethereum, I see a lot of excitement and innovation around how cooperative game theory can innovate new business models and ways of coordination.
The way Twitter repeatedly rugpulled devs is a perfect example of how broken the web2 model can be. And now the founder of Twitter wants to criticize crypto projects for taking VC money, as if Twitter somehow didn't take VC money and enrich those VCs in its rise to power? The hypocrisy is astounding.
As far as the services, the goal posts keep moving. First there's no application, then store of value is an application, then art collection, then decentralize automatic market makers, then social tokens, then decentralized autonomous organizations. These are young, immature ideas but clearly stuff is happening. Whether it will live up to the grandiose promises, we can't say. But if you want to complain about the web3 advocates making grandiose promises about how their code is going to change the world, well, they stole that playbook directly from the likes of the Google and Twitter founders.
When Dorsey and Google execs complain about crypto, I'm reminded of a quote from HBO's Silicon Valley:
"I don't want to live in a world where someone else is making the world a better place better than we are."