This 2026 Web3 handbook from A16Z is way too idealistic. The first rule asks project teams to focus on ensuring user ownership instead of monetization, the second rule asks them to achieve PMF before issuing tokens, and the third rule asks them to treat the community as people, not as 'chives.' This is pure daydreaming. Web3—oh no, Crypto's underlying logic is regulatory arbitrage in gray areas. This is a no man's land, a place full of villains.