If so,what's the difference to web 3.0 then? Is it for the sake of better name and assumption of better usability? Even now,web 3.0 is still in development and we don't see any solid feature that make it better from the web 2.0 that we use now.For now,just wait and don't jump to this kind of bs project with no certainty.
If there are rumors of web 5 then something is surly coming up. The web is making so much development and the things are beyond our imagination.
But I agree to the OP - the data of the person is in third party hand. We are so much exposed to the other parties that we have no idea. Has anyone watched Snowden?