>except that they align more closely with the three aforementioned properties: trustless, permissionless, and decentralized.

But wouldn't you agree that the article is mainly about why "Web 3.0" has failed over and over again to provide exactly these properties, or to provide a valuable solution to a problem that hasn't been or could be solved in a better way already?

Literally everything related to "Web 3.0" has been a snowbally scam, and yet, as another commenter in this thread put it aptly, "the "pull back" in hype has allowed a new breed of charlatans to pretend there is ever more legitimacy to this whole scam".

It is, for me at least, impossible to take DAI stablecoins, AAVE positions or any other new kid on the block seriously.