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Because experienced VCs know web 1.0 also started with decentralized / libertarian ideals, but ultimately early players built walled gardens and gatekeeping around the "world wide web".

They don't want to miss the web3 boat, and they're betting the web 1.0/web 2.0 playbooks still apply.

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Agreed. Most of the decentralization talk is Kabuki and it's still about controlling the platform.

Indeed, a world ruled by feudal lords and corporate fiefs still possesses as little liberty as one ruled by a centralized empire.

Less liberty really as the ability of corporations to intervene in your life far surpasses the capacity feudal states had on a day-to-day basis.

Upvoting for the use of kabuki in explaining the melodramatic pantomime of crypto hype, if only we were all more artisanal in building out this nascent blockchain tech. Imagine if tcp/ip were invented today with all this pre-marketing by VCs

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