I just launched a web server on my computer (python -m SimpleHTTPServer) which anyone in the world can connect to. If I wanted to I could build an unmoderated Twitter or Reddit and foster a community maybe one day being the biggest in the world.

And if my current government decided to regulate me then I could move to a country that didn't.

Web3 seems to be much more about decentralised payments. Which is not really a problem many people are demanding a highly complex solution for.

A server that you can keep at home that you can plug in to make it part of this huge network of machines located all around the world that communicate with each other - this is the decentralized web.

Although the entire crypto ecosystem valuation is based on another source of fictional money (Tether).