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You don’t own “web3.” The VCs and their LPs do. It will never escape their incentives. It’s ultimately a centralized entity with a different label. Know what you’re getting into…

3:51 AM · Dec 21, 2021

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Jacob Phillips

@JacobPPhillips

Dec 21, 2021

nice

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jack

@jack

Dec 21, 2021

I have nothing to do with “web3”. WSJ and others need names and photos to generate clicks.

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Balaji

@balajis

Dec 21, 2021

I respect you & everything you’ve built. I also disagree here. Twitter started as a protocol, the free speech wing of the free speech party. Then corporate & political incentives led to deplatforming & censorship. Web3 offers the possibility, not guarantee, of something better.

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jack

@jack

Dec 21, 2021

All false. Twitter started as a corporation. It's had corporate incentives from day 1. It's trying to offset those, and it will, through

@bluesky

. "web3" has the same corporate incentives, but hides it under "decentralization." It's literally a different cap table structure.

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Chi3fer

@ka_dewaal

Dec 21, 2021

I own my JPEG of an APE and the VCs don't so I'm winning there

VCs Congratulating Themselves

@VCBrags

Dec 21, 2021

how dare you question the integrity of VCs /s

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extremely based

Thanks Jack. Much appreciated. I was about to start believing the VCs cared about my experience in crypto like they did when they subsidized my Uber rides.

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greg

@greg16676935420

Dec 21, 2021

jack dm me quick I have an idea to invent web4 if you want to get in early with me

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INVESTMENT HULK

@INVESTMENTSHULK

Dec 21, 2021

HULK IS IN. SEND TERM SHEETS.