Arweave is a decentralized business taking in revenue.  It does NOT compete with Bitcoin for general purpose money.  In fact, Arweave sucks for money with slow transactions and horrible privacy.  Arweave transactions are linked to the same wallet you used for your content, which everyone can see

Nobody in their right-mind would use Arweave to buy a bag of coffee.  But nobody in their right-mind would deny the great value that Arweave offers to HOST a website selling coffee, that then collects Bitcoin from customers.

So Arweave enables Bitcoin businesses to defy oppressive censorship.  Which after these Samarai wallet and Telegram incidents, they seem to be interested in doing.  So while I dislike shitcoin venture capitalists printing money, at least they are doing a Proof of Work single-business coupon that improves my life, with no downside for me beyond education.

We outlined the benefits here:
https://simplifiedprivacy.com/arweave-amazing/ar.html