You need to separate web3 and cryptocurrencies. Cryptocurrencies are necessary. A parallel monetary system secured by cryptography and codified by algorithms,

You need to separate web3 and cryptocurrencies. Cryptocurrencies are necessary. A parallel monetary system secured by cryptography and codified by algorithms, is highly necessary for nations with corrupt regimes. Being able to move fiat money into stablecoins and get a loan against it within seconds is necessary and has real utility. Web3 does not really have utility. It's all driven by token price speculation right now. The big thing is if you think about the general population, nobody really cares about decentralization. They just want a good user experience. A centralized but good user experience is good enough for 99% of the population.