So are we any better off in the hands of these technology companies over the banks?

Seems not.

The Internet, which is becoming the foundation of people's lives and one of the legs of Web 3.0 (4th Industrial Revolution, 5th Stage of Humanity, etc), is now a silo whereby a few companies truly control the entire thing. A handful of companies are controlling more than 4.5 billion people through this medium.

I was thinking of this the other day. We want decentralization and working on it but entirely depend on out internet provider as without that we can't function here.

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