Bitcoin has reached a new all-time high, but this doesn't validate the Bitcoin maximalist perspective that all Web3 technologies should be solely built on Bitcoin. Maximalists overlook that Bitcoin's blockchain was primarily created to decentralize finance, while Ethereum was designed for decentralized apps. The author critiques the idea that every industry benefits from blockchain's immutability, pointing out that traditional systems often serve their purposes effectively. Combining Web2 and Web3 technologies can enrich user experiences, rather than forcing a shift to blockchain solutions where unnecessary. Acknowledging that technology exists on a spectrum, the article asserts that human administrators will always play a role in blockchain systems. Additionally, it highlights that Bitcoin's distribution reflects broader wealth inequality, questioning the decentralization narrative. Overall, Web3 developers need to develop a flexible ecosystem that does not overly depend on any single blockchain.

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