I find this article naively optimistic (which may be unsurprising given how much Andreessen Horowitz is invested in the crypto space).

I don't see how anybody can delude themselves to think that blockchain is about giving control back to the users, or that it is somehow democratic. Just look at the distribution of the supply for any token. You'll have the top 1% of wallets controlling > 80% of the supply. Dev keeping half the supply to themselves. Even airdrops to users like Uniswap did don't prevent someone from buying up most of the supply. Crypto and governance tokens give you plutocracy, not democracy.

And that's not even mentioning the issue around access to the code (see Blockstream)