Against Web3 and Faux Decentralization

Just because most of the hashrate happens in a particular country does not make it centralized. I'm not sure what would fit your definition of decentralized in this case.. an even distribution of hashrate across every country worldwide, with all actors contributing identical hashrate?

Next, you seem to imply decentralized means egalitarian, which isn't the case. I don't believe anyone ever claimed cryptocurrency would be evenly distributed among, say, rich and poor.

> In short, if you want real decentralization, you cannot get to there from here with any capitalism-based cryptocurrency

I like your effort to imagine what a 'real' decentralized setup would look like, but disagree with your conclusion that the current incarnation of decentralized currencies don't move us in that direction. In your examples I see absolutely no path from current reality to your described system. Current cryptocurrencies may not be ideal but they are accustoming people to alternative models of exchange and to thinking more critically about our financial system, both of which I'd argue move us closer to people fundamentally altering their willingness to participate in alternative economic models.