Privacy and decentralization are a dream that will never take hold. We have seen it over and over, eventually someone unites everything and kills privacy and independence. Yes there will be a small percentage of users that will continue with the dream but the vast majority of users will use large providers.

The logic is simple. Centralize organizations provide advantages that a decentralize system can't. So, someone will provide a service so enticing that users will abandon the idea of independence. Think Google, Apple, Facebook and many others.

Also, if the idea was so good we would have models in other areas where decentralization is the primary attraction.

Unfortunately, what we will see 20+ years from now are huge world wide companies that will dominate the crypto space. Whoever dominates will be bigger than any of the big companies now by at least one order of magnitude. There will be new services and products but no decentralization of finance and with it a loss of privacy.

Web2 was never about privacy, it was the opposite. It was about monetizing what data/content people would give up for free.

Decentralization has existed before web2 in BitTorrent but we don’t talk about that, do we?

Like communism, it’s adherents will say real decentralization has never been tried, but, just like communism it has, and when it’s ideals face reality you get something very different than imagined.