Web3/Crypto: Why Bother?
What I&#x27;m trying to figure out about blockchain in general is how people think it will avoid the inevitable consolidation that efficient economies drive towards. A few examples:<p>- In the early days of the automobile there were hundreds of car companies. Now there are essentially what, 10 worldwide?<p>- In the early days of personal computing there were hundreds of competing platforms, PC brands, etc. Now there are essentially what, 10 worldwide?<p>- In the early days of the internet there were hundreds (thousands?) of dial-up and last mile internet providers (sometimes literally some person in your neighborhood with a T1 and modems in a garage). Now there are what, 10 in the US?<p>- In the early days of the internet there were hundreds of web hosting companies, e-mail providers, etc. Now almost all of the internet runs on what, three?<p>These examples go on and on (mobile devices, cell providers, pretty much anything and everything).<p>Point being it&#x27;s extremely unlikely (to me) that as the immutable blockchain ledgers all of this is built on grow endlessly (storage, compute, bandwidth, etc) and attempt to scale to any meaningful application, transaction rate, etc beyond the toy level it&#x27;s at now &quot;decentralized&quot; will almost certainly turn into a handful of power players that can bring the advantages offered by massive economies of scale.