> Web 3.0 — User-generated content, user-generated authority. A model is emerging where people don’t have to host a server or create a user account in someone else’s database to create content.

Make no mistake, people will have to host servers to serve the files. That's true with web2 or with this web3 definition. No way around that one. And if you host your file on a torrent, great, but there are fundamental pros and cons of torrents, namely with mutability. Not a panacea or the whole web would have switched to this model a decade ago.