I am venturing into a normie event. First time in a long time. Not sure what to make of it.

Nostr has accomplished everything the “web3/crypto” startups are allegedly doing. It’s a decentralized, permission-less information/communication protocol, where users are the owners of their account and data, anyone can join or build on the network, and where its development and direction are shaped by a free market of features, data, and ideas. But web3 doesn’t actually care about that stuff, that much. “Web3” founders co-opt the philosophy and convert it into buzzwords, in order to sell (dump) free-to-produce crypto tokens on retail investors make fast cash for their VC backers without even needing an MVP, and then move on to the next hype cycle. Nostr fixed this. We don’t need a token because 1) this isn’t an affinity scam and 2) Bitcoin already works.

I always feel like Nostr is something like an alien that was born in the different world line without Blockchain and social media. Now I know how it feels to be a real "cypherpunk".

This is web5

Web3 is pure fiat: nothing to do with building decentralized anything, and everything to do with providing an exit strategy for venture capital.

Which event is that?