All this rings true, but my main concern about Web3 being a solution is 'take-up'. People may steer clear of using anything related to a blockchain because of fears generated by:
- not understanding the blockchain,
- crypto currency instability,
- having their bank accounts suspended because of a transfer to another bank which also deals in crypto currency,
- all the 'benefits' offered by the 'big-techs'.
My article What's Next - Web3 or Web0? was inspired by reading The Circle by Dave Eggers.