Is Web3 culture similar to Amway (MLM) culture?

MLM stuff is a flat out cult. I've had friends that seemingly over night turned into people who once talked to me about their families, lives, hopes and dreams into people who could only talk to me about protein powders they were trying to sell me.

Very similar though has been on mind as I watch the layoffs are these(+Crypto) startups. The roles being eliminated scream loud and describe very closely to MLM model. The future for you my friend is rich, make sure you get X folks to make you Y% rich, you gotta being you can make this happen. More intelligent people like you out there are waiting to make much bigger deals and investment that you, show them the path.

Recently, the Indian government took action against Amway and consequently Indian YouTube is filled with Amway apologists (most likely distributors at the bottom of the pyramid).

this was a thoroughly enjoyable and informative read. I'm just old enough to have been around for the 90s Amway stuff and although I'd heard a bit about it I was never exposed to it directly. the author does a great job here of laying out his perspective on things and the

    Amway : Christianity = web3 : crypto

analogy is an interesting one.