Given the blockchain trilemma (decentralised, scalable, secure - pick 2), the majority of users will prefer scalable + secure and drop decentralised. We've seen it over and over again - users want the least friction, and decentralised solutions typically add more friction. So we'll end up with centralised solutions again.
What the proponents really mean when they use the whole "web3 is the solution to Big Tech monopolies" pretext, is that they want to introduce new monopolies, and in the process get rich quick. Given the background of many of the figures at the top of these schemes, e.g. serial fraudsters, convicted criminals, pathological liars, etc., the new monopolies will almost certainly be significantly worse than the existing Big Tech monopolies. Normally I wouldn't be so concerned, because I have faith that better technologies will win, but with cryptocurrencies I am genuinely concerned for the future, because the noisy zealots (with their high paid lobbyists[0]) are drowning out all the quiet thoughtful rational ones.
What the proponents really mean when they use the whole "web3 is the solution to Big Tech monopolies" pretext, is that they want to introduce new monopolies, and in the process get rich quick. Given the background of many of the figures at the top of these schemes, e.g. serial fraudsters, convicted criminals, pathological liars, etc., the new monopolies will almost certainly be significantly worse than the existing Big Tech monopolies. Normally I wouldn't be so concerned, because I have faith that better technologies will win, but with cryptocurrencies I am genuinely concerned for the future, because the noisy zealots (with their high paid lobbyists[0]) are drowning out all the quiet thoughtful rational ones.
[0] https://news.ycombinator.com/item?id=29481889