ETH is not competing against your 100x memecoin.

ETH is competing against gold, t-bills, and bitcoin.

I don't even see it competing against bitcoin.  One's a shark; one's a lion.  They do different things

Now to come up with the narrative about what it IS competing against.

closed source cloud servers?

Whatever your decentralized, borderless, neutral, censorship-resistant open blockchain question is, the answer is YES… to Crypto!

creator of le /bleu @elefant. 
co-creator of /farcards

destroyer of things.

yep.

AWS can shut off your access
AWS can access your data
AWS can remove your account
AWS can disclose your info to 3rd parties

If crypto becomes the -financial- layer of the internet for real,

ethereum has a good chance at becoming its decentralized computing layer.