The Web3 Debate

In web3, if a platform misleads its users, those users can choose to take their data and money to another platform.

It’s not about whether any particular platform is centralized, or who owns how much of what. It’s about the fact that the data is open, that builders and users have choice, and that they’ll choose the platforms that extract less and give them more ownership.

Outside of a handful of Bitcoin maximalists (who tend to hate on web3 anyway), there is not a single serious person in web3 or crypto or whatever you want to call it who doesn’t believe that it should be regulated, let alone who believes that regulation is heresy. Every founder and investor I’ve ever spoken to on the topic wants regulation in the U... See more

We agree openly that there are bad actors and scams and frauds, and that a lot of tokens sit in the wallets of a few people. We agree that there is a lot more work to be done to build a truly decentralized internet for those who want it, and vehemently agree that not everybody will.  We’d go even further than our opponents and say that a fully... See more

Web3 isn’t all good or all bad, but we believe it’s net good, it’s happening either way, and it deserves more thoughtful and honest critiques and, yes, regulation, in order to reach its full potential. 

Web3 is the internet owned by the users and builders, orchestrated with tokens.