"Is Web2 bullshit?", he asked on Web2.

Well no, because it exists and people use it for everything. Web3 on the other hand is the exclusive domain of a few die-hard anarchocapitalist libertarians and a few promoters pumping their bags.

[edit] It creates a perverse model where every app is expected to create its own little Ponzi scheme to entice people with. Then, your job is to market the token not the service. Any service that actually invests in building a product people want can deliver that product faster, simpler and more efficient without the token.