I'm pretty sure it wasn't more recently than the last time people lost control of assets on a blockchain!
Replacing databases which afaik have never been manipulated anywhere in the world (despite representing legal ownership of high value assets) with tokens similar to those people lose access to or are duped out of on a daily basis is very Web3
when you start to coin terms like rug pull and web3, it sure does feel like a systematic problem. There are people who specialize in asserting if you can trust a new token or not - why would i invest in something so janky?
Replacing databases which afaik have never been manipulated anywhere in the world (despite representing legal ownership of high value assets) with tokens similar to those people lose access to or are duped out of on a daily basis is very Web3