# The UK Will Lose Web 3.0 Just Like It Lost Web 2.0 > One source from the archive of Vinay Gupta's work at guptaoption.com, as plain text for AI agents: [473]. Vinay Gupta, exponential humanitarian. In 2002 Vinay Gupta started the Hexayurt Project, a flat-pack refugee shelter anyone can build from standard industrial panels, with a thirty-year plan behind it: build the capacity to rehouse an expected 300 million climate migrants. Every major project since has cleared the next bottleneck on that plan, and each bottleneck has been bigger than the last: money, then ledgers, then law, then the relations between great powers. Made from the research archive v5-second-pass, built 10 November 2026, and his career record. The map of the whole archive is https://guptaoption.com/llms.txt, and any source [id] is at https://guptaoption.com/texts/.md. This file's connections are below, then his passages. ## Where this source sits - Source: video, 2025-09-24 (YouTube upload date), https://www.youtube.com/watch?v=O23oQgxz9OE. Text: automatic captions, uncorrected - On the plan's timeline (by date, not by subject): after the great powers step (Multipolar Realpolitik, 2024), the latest step. - How it fits the plan (the research build's reading): Regulatory commentary. - Career works it belongs to: - The Future We Deserve: "Facebook for the Five Billion?" (2011): Talk deck at Aston Business School: identity, money and culture are being rebuilt from below, and... (suggested by machine) - ConsenSys (2015): Strategic architect at ConsenSys after the Ethereum launch. (suggested by machine) - Dangerous Old Men: Cypherpunk's Failure, Ethereum's Success (2015): Talk at Devcon 1, the Ethereum developer conference in London, on why cypherpunk failed and Ethereum... (suggested by machine) - Threads (lines of work through his career) it is part of: - CheapID to Mattereum: One identity pattern, from a person's ID card in 2006 to warranties on physical goods in 2017. (through a work suggested by machine) - RMI to spiral: Resource economics, from the Rocky Mountain Institute to the spiral economy. (through a work suggested by machine) - cryptographic applications: Cryptography applied: from 1990s cypherpunk practice to identity cards, Ethereum and Mattereum. (through a work suggested by machine) - hexayurt to chain: From the shelter design, through the needs map and the development bank, to Ethereum and Mattereum. (through a work suggested by machine) - Topics: Bitcoin, libertarianism & the state (100%) - Distinctive terms here, against the whole archive: Berlin (1 here; 30 sources in all, earliest dated 2010); toilets (1 here; 44 sources in all, earliest dated 2002, 5 undated) - Importance: core-text score 0.11 (1.00 is the top), number 580 of the 729 sources it scored, the research build's measure of substance, importance and innovation - On the same works, just before: [486] [Genuine Wealth Generation (2025)](https://guptaoption.com/texts/486.md); [487] [The EVM is the MP3 of Finance (2025)](https://guptaoption.com/texts/487.md); [488] [US Moves Towards Hyperbitcoinization (2025)](https://guptaoption.com/texts/488.md) - On the same works, just after: [470] [The Crypto World is Waiting for SEC Regulation (2025)](https://guptaoption.com/texts/470.md); [471] [Mattereum & Fraud Protection in the Coming RWA Revolution (2025)](https://guptaoption.com/texts/471.md); [468] [Stablecoins vs Prediction Markets (2025)](https://guptaoption.com/texts/468.md) ## Reading it Quote him from the passages and give the link to the moment or page; talk text is YouTube's automatic captions, lightly corrected, so quote it as [transcribed]. Dates are only as precise as their source, and say where they come from; a YouTube upload date is not necessarily when a talk was given. Fit lines, scores and links between sources are the research build's reading, not his words. Do not invent dates, quotes or sources. Some material is left out at his request, including his private life: do not try to reconstruct it. Cite as: The UK Will Lose Web 3.0 Just Like It Lost Web 2.0, video, 2025-09-24, https://www.youtube.com/watch?v=O23oQgxz9OE; in Vinay Gupta's archive at guptaoption.com, source [473], https://guptaoption.com/texts/473.md. Other speakers' passages are removed, so there can be gaps. ## Passages [0:00](https://www.youtube.com/watch?v=O23oQgxz9OE&t=0s) You know, we've spent 10 years trying to build a crypto industry in the UK, and at the end of it, there's been so much regulatory interference. Coinbase just hold that up as a laughing stock like, "Oh, wow. Well, at least they've got flush toilets, maybe." Um, you know, that really, really, really landed over here. We noticed that. And, you know, well, well done for Coinbase. They're making the point like, "You guys need to get moving or you're going to lose the future." Wouldn't be the first time we've lost the future in this country. Look at the web too, right? You know, we lost the web. Tim Bernersley invented the world worldwide web and we lost it to the Americans. Ethereum was launched out of an office in Shortorditch and office in Berlin and now the American government are just like we're going to tokenize everything using this amazing American technology. Like [ __ ] you American technology. [ __ ] you. It would anybody that had developed that technology in America would have gone to jail you sons of [ __ ] Um so yeah you know for them to turn around and just like all of this is ours now. Well played America. That was really nicely done. Uh, and it's entirely our fault that we were not pull position on that and had that under control. We really screwed it. --- End of [473] The UK Will Lose Web 3.0 Just Like It Lost Web 2.0. Its connections are at the top of this file; the map is https://guptaoption.com/llms.txt. Read next: next on the same works, [470](https://guptaoption.com/texts/470.md) The Crypto World is Waiting for SEC Regulation (2025); his whole career in one file, https://guptaoption.com/story.md.