Crypto Can’t Build a Better Internet

Quotes from the article:

> For all its utopian trappings, web3 tech like cryptocurrency only deepens the problem of elite control over the internet. We have an alternative.

> The promise of web3 is a promise to re-create the inequalities of modern capitalism, with 0.01 percent of Bitcoin holders controlling 27 percent of the cryptocurrency in circulation as of December 2021.

Argument from incredulity.