More explicitly, my position is this: Ethereum's claims of an upcoming blockchain-powered "Web 3.0" revolution are so overblown that they're indistinguishable from perpetual motion peddlers.

The Ethereum designers don't want to recant their outlandish promises, so they keep proposing increasingly complex bells-and-whistles fixes that sound impressive in a 10,000 word FAQ but won't bring the "global supercomputer" substantially any closer to reality.