Welcome to the Tech Meme Right Home for Tuesday, December 21st, 2021. I'm Brian McCullough today.

I do my best to give you all the angles on the Cold Tech Civil War concerning Web 3

that has been bubbling under the surface for a while now but burst out into the

open last night. Interesting raises in the crypto space and interesting data on investment in the

crypto space an interesting CEO departure and a CEO who maybe never really

stepped down and a look at satellite internet speeds. Here's what you missed today in the world of

tech.

So forget the war between the NFTs and the gamers, the whole web three thing has caused a cold civil war to simmer within VC and founder and general

tech circles over the past few months and I've been avoiding talking about it because of my usual

it's probably two inside baseball sort of thinking but last night things bubbled to the surface in a very public way when Jack Dorsey caused controversy by criticizing Web 3 tweeting

You don't own Web 3 the VCs and their LPs do it will never escape their incentives end quote and look all the usual

caveats here I don't have skin in this particular debate as we discuss at length

on the Twitter space that will come out later this week.

I think Web3 is the future, even if it doesn't end up being exactly the future that a lot of people think it will be right now.

That's natural for new things and at the same time there are a lot of people

overly pilled in my opinion into web 3 advocacy to the point where it feels like I don't know it's a religion a cult yeah I think

that's true too I think both things can be true at the same time but anyway look

let me just give you all sides here so you can get a

sense of how this debate is playing out quoting Bloomberg. Fresh off

relinquishing the chief executive reins of Twitter, Bitcoin enthusiast Jack Dorsey has taken to the service he co-founded

to voice his displeasure with so-called Web 3 technology and the involvement of venture capital

firms like Andries and Horowitz.

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