So what happens when you get phished with Web3? If the value of all crypto goes down 10% YoY why would you use it?
The author makes a bunch of silly assumptions:
> We need some way of saying “who we are” on the internet in a consistent manner. That way we can communicate with others in a verified way and associate with digital data that we own. We also often need that data to be interoperable between different web properties.
No, this is not true. That's why most people on this site are not logging in through Google. Sites will store their own data, and if you trust them to store that data there’s really no reason to just trust them to store a link to your identity.
The author advocates third parties like Metamask and using a Chrome extension, which is ridiculous. If you're going to trust that, why not trust Microsoft, or Amazon, or Google?
> With social recovery, instead of having to trust Google, you can choose who you trust, and instead trust a given set of friends, family, and services
Yes, because Google is not a service.
Ultimately the author makes up a problem and says blockchain is the solution.
Even if we suppose it's a solution there's no discussion around phishing, stolen identities, or any failure mode really. Of course there isn't though - in general recourse requires an authority. Blockchain has none.