[i_hate_pigeons]

My main point being that such tradeoff wasn't obvious at the time, and also the cloud offering back then was very inferior to what it has evolved into and that we are familiar now

I'm not saying the same will neccessarily repeat with so called web3, but we might be at a similar stage - in this case the sensation(?) of ownership of one's content is a desired attribute at the expense of efficiency in computing/processing terms for some use cases

it's pretty much the wild west now and not fully understood, but if it attracts investment with time something might come out of it.