[cagr]

Chris Dixon is dishonestly pumping Web3 as if it exists today. He has a huge financial incentive to do so because of A16Z putting $2B into a crypto mandated fund.

Mark my words, retail investors and speculators with everything to lose will get sucked into buying the tokens people like him promote and be left with nothing of utility.

"Web3" as it is being proposed now is essentially an unregistered securities offering. The SEC is asleep at the wheel and A16Z is taking full advantage of it, as is their capitalistic right. This is the 2017 ICO craze rebranded.

[izend]

The Fed / SEC is accepting it because it attracts liquidity and prevents it from pouring into public stock markets.