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Yeah, seeing these texts where a board member discussed starting a competitor certainly raised my eyebrows



He also plainly stated that the thing he wants to start is a protocol, not a company, so it is hard to class it as “a competitor” in the traditional sense.

Does gmail compete with smtp?


> He also plainly stated that the thing he wants to start is a protocol…

Yes, but not that one. He wants a protocol he can monetize using various forms of Web3 grifts.


Your anti-cryptocurrency bias is blinding you to the fact that neither party to these conversations needs or wants any more money than they have presently.

When you're a multibillionaire and you're still building new shit from scratch, you build to build. Monetary gains are a side effect.




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