You Don't Own Web3

Can someone explain what is meant by this?

if Web3 were such a success they would cease talking about the future and simply show us _the_ killer app that everyone would immediately jump to. The "Web2" would be an empty space pretty soon. Yet it hasn't happened despite over a decade of hot-air, big techno-gobble-dygook and made up words invented to dazzle an ignorant audience.

But there is no such thing as a killer feature that can't be done better with what we have. And they're left with peddling NFT's, cryptokitties or MLM scams a la Dr. Ruja's "OneCoin". It's been "wE aWe vEWy close to bweakthrough" from the Ethereum grifters Buterin & Woods since the first time their garbage polluted the air.

The people at IOTA have been selling homeopathic crypto since "Kerl" and "Curl-P" while insisting that collusion resistance isn't the main goal of a hash function. Until today no explanation what has happened to their deals with CISCO, Volkswagen and Microsoft which they one day announced were implementing IOTA in their products (there was no such thing and these companies didn't know anything about these claims).

Craig Wright super-grifter continues to claim he is Satoshi and hoping he can bend reality into believing that 2+2=5 instead of simply signing a message with the old key.

There are 2 types of people in crypto: the scammers and the suckers, and sometimes they overlap because once you start believing your own scam to be reality it's only a matter of time until you're somebody else's mark.

that said,

bitcoin is a great technology for drug markets so that addicts no longer have to risk their lives with products where there is no review. It's the next best thing to legalizing drugs in societies that are still far away from that.

there are very few applications where blockchains make sense (e-sports and games, the SWIFT banking "backend"). Yet even for those a central database is a better technological, and business fit than coins and blockchains while also not being as environmentally damaging.

If all the crypto ecosystem would disappear all at once today nobody would notice (other than some people with aggressive investing habits losing their value). The world would literally just shrug and move on.