Crypto is decentralized, though. It's an honest way of describing it. I think that more to blame are the specific crypto users who gave it a "bad name" with their shenanigans and equally the people who took that as an excuse to dump on crypto in general.
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Even if Twitter and Reddit don't completely crash like Digg did, making them "just one among several" will be a good thing in the long run. They'll actually have competition for a change.