“It’s not clear to me what Web3 is,” said #[0]

“I see it used to refer to anything ‘crypto,’ i.e., it is a giant scam. But if you’re talking about social networks that rely on blockchains, I think these are terrible ideas. And tokens make no sense either. Even if they weren’t scammy or perverted all the incentives, they would still be bad as they would add more dependencies and complexity.”