Web3’s relationship with the internet is weakening now.


Meanwhile, traditional industries are looking more and more like it—
Not relying on technological change, but on personal connections and social arranging, putting people together.
Control over resource allocation is highly concentrated among a small number of people at the top.
Then, just like nouveau riche, it’s “taking delivery of a car,” going to clubs, and hanging out with young models.
No different from engineering bosses over ten years ago.
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