But they grossly overstate the amount of decentralization in web3. The data itself is quite decentralized, at least on the popular blockchains, but that’s about where the decentralization ends. If someone wants to build a dApp on a given blockchain, they usually use one of a handful of APIs built by companies like Alchemy to read and write to their... See more

It's easy to say that any application can be done more efficiently with a centralized service, but in practice social coordination problems are very real, and unwillingness to sign onto a system that has even a perception of non-neutrality or ongoing dependence on a third party is real too. And so the centralized and even consortium-based approache... See more