The article raises some valid concerns, all of which can be addressed.
What it doesn’t do though is propose any sort of solution.
What it doesn’t do though is propose any sort of solution.
The problem right now is that there's a peverse incentive for entrepreneurs to jump on the crypto/NFT bandwagon because a bunch of VCs are desperate to fund those sorts of companies. Nobody in that space is incentivised to point out that the emperor has no clothes.
What problems does web3 attempt solve anyways? The internet is mostly decentralized already. Maybe the apps and services are localized walled gardens, but you can already vote not to participate in them w/o hashing anything.
Censorship resistence for developed world countries. When you cant just rewrite history we might finally get rid of "illegal numbers" situations like blue-ray keys and such.
And for less fortunate, failed or just athoritorian states there will finally be some option to access international banking system. It's like tor for money. Because crypto is controversial in countries with functional government, but it's might be the only way to fund opposition activity in more oppressive regimes.
to do what exactly?
and how is this censorship resistant if the traffic is easily recognizable and blockable?
This is one of those things that either can't really work or is going to cause a massive disaster, such as when someone publishes the next OPM leak on the blockchain.
In crypto you're represented by pair of keys and by design anyone can have as many pairs of keys as they want. And to fix it you'll have to compromise on decentralisation and / or privacy.
For now almost every single crypto project including majority of legit ones is some sort of pyramid scheme.