a16z Is Gaslighting Us (2022 State of Crypto Report)

  • The take-rates of web2 giants are extortionate; web3 platforms offer fairer economic terms.
  • So according to my own counter-analysis, Web2 has a lower take rate than Web3, because 0-1% is less than 2.5%.Something is not right if a16z is publishing this as a serious attempt to explain their investments in Web3 to the public.
  • Even if a16z’s expectations for the future of Web3 turn out to be correct, even if Web3 really is the future, it’s alarming that this is a16z’s publicly stated reasoning that’s supposedly worthy of our respect.