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The Unstoppable Grift: How Coinbase and Binance Helped Turned Web3 into Venture3 (startupsandecon.substack.com)
3 points by dwynings on Feb 8, 2022 | hide | past | favorite | 2 comments



This is a follow up to the previous post on how Coinbase returns underperform:

https://startupsandecon.substack.com/p/you-dont-own-web3-a-c...


Web3 was always Venture3, or rather Racket3, the whole community and utility aspect is a cover for selling cryptocurrencies, especially altcoins. There are no Web3 projects most people would use or replace existing products and services with.




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