removal of antagonistic langauge
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# Is web3 a means to dismantle the American tech hegemony?
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# Is web3 a means to dismantle the American tech hegemony?
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Web3 is not a means to disrupt the American tech hegemony, companies like Google, Facebook, Amazon etc. Since web3 has no coherent meaning or purpose, all projects that are currently being developed under the web3 umbrella are aimless technical Potemkin villages that mask thinly veiled [pump and dump](../concepts/pump-and-dump.md) schemes based on [securities](../concepts/security.md) [regulatory arbitrage](../concepts/regulatory-arbitrage.md). This type of company structure is not set up for long term growth or product delivery outside of pumping more token schemes.
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**Web3 is not a means to disrupt the American tech hegemony, companies like Google, Facebook, Amazon etc.**
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This is further evidenced by the simple fact that [blockchain](../concepts/blockchain.md) technologies have intractable scalability problems, and that the only means they do scale is by [recentralization](../concepts/recentralization.md) thereby recreating just another corporate monolith but based on inferior technology and without the ability to perform [regulatory arbitrage](../concepts/regulatory-arbitrage.md)..
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[Blockchain](../concepts/blockchain.md) technologies have intractable scalability problems. The only means they do scale is by [recentralization](../concepts/recentralization.md) thereby recreating just another corporate monolith but based on inferior technology and without the ability to perform [regulatory arbitrage](../concepts/regulatory-arbitrage.md).
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There is no future in web3 that poses any threat to tech monopoly because there simply is no meaningful tech to challenge any real business model.
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## References
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## References
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1. Marx, Paris. n.d. ‘Why Web3, the Blockchain and Crypto Internet, Is Doomed to Fail’. Accessed 29 March 2022. https://www.businessinsider.com/web3-blockchain-crypto-internet-doomed-fail-doesnt-live-up-hype-2022-3?r=US&IR=T.
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1. Marx, Paris. n.d. ‘Why Web3, the Blockchain and Crypto Internet, Is Doomed to Fail’. Accessed 29 March 2022. https://www.businessinsider.com/web3-blockchain-crypto-internet-doomed-fail-doesnt-live-up-hype-2022-3?r=US&IR=T.
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@ -16,4 +15,4 @@ There is no future in web3 that poses any threat to tech monopoly because there
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1. Soatok. 2021. ‘Against Web3 and Faux-Decentralization’. Dhole Moments. 19 October 2021. https://soatok.blog/2021/10/19/against-web3-and-faux-decentralization/.
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1. Soatok. 2021. ‘Against Web3 and Faux-Decentralization’. Dhole Moments. 19 October 2021. https://soatok.blog/2021/10/19/against-web3-and-faux-decentralization/.
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1. Zitron, Ed. 2022. ‘Solutions That Create Problems’. Substack newsletter. Ed Zitron’s Where’s Your Ed At (blog). 23 February 2022. https://ez.substack.com/p/solutions-that-create-problems.
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1. Zitron, Ed. 2022. ‘Solutions That Create Problems’. Substack newsletter. Ed Zitron’s Where’s Your Ed At (blog). 23 February 2022. https://ez.substack.com/p/solutions-that-create-problems.
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1. Diehl, Stephen. 2021. ‘Web3 Is Bullshit’. 4 December 2021. https://www.stephendiehl.com/blog/web3-bullshit.html.
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1. Diehl, Stephen. 2021. ‘Web3 Is Bullshit’. 4 December 2021. https://www.stephendiehl.com/blog/web3-bullshit.html.
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1. White, Molly. 2022. ‘It’s Not Still the Early Days’. Molly White. 14 January 2022. https://blog.mollywhite.net/its-not-still-the-early-days/.
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1. White, Molly. 2022. ‘It’s Not Still the Early Days’. Molly White. 14 January 2022. https://blog.mollywhite.net/its-not-still-the-early-days/.
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