This proposal only impacts "the web", which has already been going downhill for years now due to unsustainable ad-reliant business models. The internet is fine.
And for most people in the world, that is "the internet".
But we still have TCP and HTTP. We will rebuild this place.
I wish I could agree. The internet isn't in nearly as bad of shape as the web is, that's true. But it doesn't look nearly as healthy as it used to, as more and more services are moving to the web and abandoning the internet.
[0] gemini://hackersphere.space
And most of the functionality people want out of the web.
It's a neat project, but it's not responsive to the problem at hand. By design. And that's fine. But it remains nonresponsive.