Earlier quoted context omitted.
Yes there are people with 100% good intentions working in this space. There were also people with 100% good intentions working at Theranos.
You're proving his point, there are also people with good/bad intentions working in "web2" and everywhere for that matter. Don't criticize the tech, criticize the individual bad actors, like you did with Theranos. One of the main talking points "web3" critics yell is "scams!", like they don't exist elsewhere. If you do want to criticize the tech, leave the moral crusade out of it and say technically what is wrong wit…
It's the purest distillation of the "greater fool theory" in human history.
I'd rebuke your framing of leaving the morality of it aside. The more valid framing of a debate for new technology should be to prove that there are non scam-like applications of the technology that are superior to currently existing ones.