Most of the piece is mood affiliation, accusing anyone supporting crypto aims of bad faith. Under the fluff, there are two substantive points: - If Web3 advoca

Most of the piece is mood affiliation, accusing anyone supporting crypto aims of bad faith. Under the fluff, there are two substantive points: - If Web3 advocates move essential internet services on-chain, that would centralize into a single-database-like source of truth - not decentralize. - Web3 will not eliminate hierarchies of influence. The second is unambiguously true. For the first, in my view, there's a sort Schrodinger's cat thing with crypto. DAOs seem much more open than corporations - and they're also creating mini-economies which can lock out non-token holders, privileging the financialized. So it's also kind of true, but the matter is complex. Any odds, there are a lot of sincere and smart people in crypto, and dismissing them all as basically evil is silly.