BTC almost exclusively enables crime. It's fundamentally too bad at basically everything to replace any part of the real economy. It is almost exclusively used for crime, admittedly fun technological exploration, and gambling on a valuation based not on actual net utility in current context but on perception of future utility that will probably never materialize.

Web 2.0 based on boring old primitives like ad dollars and banks actually funds things that in real life provide ultimately virtually all the actual utility obtained by the world from software.

You said

> web 2.0 cloud cannot compete with that cost structure and permissionless nature

It appears to me that that is just incorrect on its face because web 2.0 cloud actually DOES compete insofar as its literally everywhere as we speak and web 3.0 is a buzzword from 2014 that has yet to achieve actual meaning.

To rephrase do you feel it is accurate to say that something that represents basically all the real value obtained by network computers doesn't competes with something that provides? What again?