Web3, in good faith, and sophisticated vision, is taking the ability to authorize digital privilege without oversight and working backwards to scale that abilit

Web3, in good faith, and sophisticated vision, is taking the ability to authorize digital privilege without oversight and working backwards to scale that ability down to the minutia of online interaction. Bitcoin achieves it for the narrow privilege of publishing small amounts of block data to it's chain. It's important for the security of Bitcoin that this is what the novice would say is "inefficient" - but the minutia online activity is far lower stakes and therefore naive proclamations that Web3 is all Web2 data hosted on blockchain is an embarrassing suggestion - there are extremely basic techniques like hashing data in Merkle Trees as a timestamp service that any cryptographer would reach for before adding arbitrary data to a blockchain. Techniques like that and systems which allow one to own their identity independent of corporations or Public Key Authorities are the basis. Obviously it has a long way to go - but try not to mistake your obtuse guess for what is possible.