Liron, thanks for the analysis. I'm excited about many of the ideas behind web3, but I think it's healthy to question the logic and figure out where it applies and where it doesn't.

When you look at Twitter "100% take rate," for example, its worth pointing out that they also cover 100% of the costs. The infrastructure alone to run Twitter is $100s of millions/year. That leaves very little "take"—a few pennies per user.