“The internet’s initial promise was to decentralize telecommunications, releasing consumers from the monopoly grip of telecomms incumbents. Over the last 30 years, the internet has done that, and much more. But undersea cables, owned by the internet’s behemoths, hint at a return to where we started: a near future in which a select group of massive corporations have not merely tightened their hold on our online activity but have deliberately rebuilt the internet for their own use, according to their own specifications, from the ocean floor up.” Rest of World on the subsea cables that Google and Meta are using to get Africa connected. Sea Change. We’ve seen a similar trend play out over and over. The internet may have decentralized some things, but it has only centralized money and power.

+ Will the next iteration of the web really be any different? It’s being funded by the same investors who made it big on Web 1.0 and Web 2.0. Gilad Edelman in Wired: Paradise at the Crypto Arcade: Inside the Web3 Revolution.