PSA: Blockchains are *NOT* decentralized, immutable, permanent, transparent, verifiable, resilient, democratic or fair, or other misused buzzwords. Sure, they can be a couple of those things depending on the blockchain, but not a fundamental property of blockchains, even if they are these are much better accomplished by non-blockchain P2P/cryptographic systems.

This is not "FUD", but to better leverage blockchains we must understand & be educated about its unique properties. Why do you think we get racist ponzis instead of useful apps? I have covered these topics at length over dozens of blog posts.

The *only* unique property of blockchains is strict global consensus - a strictly ordered, objective set of txs in real-ish time. While very limited, this property is extremely valuable for extralegal financial transactions. You probably think I'm a blithering idiot, fair, but there's at least one other person who will tell you something similar: 

https://x.com/VitalikButerin/status/1743040410212053350/photo/1

Continues to be the greatest misconception in the crypto space, and the key reason behind billions of dollars in malinvestment

The *only* thing blockchains are good for is forming strict global consensus

For almost all purported usecases, P2P, CRDTs, or just databases with validity proofs are significantly superior

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272 $DEGEN

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