Feels like every new technology starts by innovators and then gets ruined by profiteers. The Internet in general (numerous small hobbyist sites → huge ad revenu

Feels like every new technology starts by innovators and then gets ruined by profiteers. The Internet in general (numerous small hobbyist sites → huge ad revenue behemoths), email (plenty of providers → everyone just use gmail), social media just between friends → massive propaganda machines, independent blogs → twitter/fb, and crypto is no different. Once professional investors got involved the focus changed. Kinda a pessimistic view, and there is some value to centralization (e.g. Apple and Google probably contributed more innovation than a sea of small startups) but there's also a cost.