Twitter’s founder admits that shutting down the API was “worst thing we did”
&gt;NOBODY CAN TAKE AWAY API ACCESS OF DEVS ON ETHEREUM, JACK. THAT IS THE POINT.<p>I see this kind of take all the time but people don&#x27;t seem to realize that distributed computing doesn&#x27;t imply decentralized services. Nobody can take away your internet access (well technically someone can) but that doesn&#x27;t help you when you&#x27;re stuck on Facebook. You can always send http over a wire.<p>Jack is exactly right in that &quot;web3&quot; is just a way to build third party owned services on top of a distributed infrastructure, just like companies right now sit on top of the internet. People who don&#x27;t want to be censored or any third parties can already do this on the internet by running their own site.<p>People aren&#x27;t going to interact with ethereum  at the protocol level (except for enthusiasts) for the same reason they&#x27;re now on Twitter and not on Mastodon. Also if &quot;web3&quot; was disintermediated VC&#x27;s wouldn&#x27;t spend a single dollar on it, because you can&#x27;t extract profit from something you don&#x27;t own.