There’s a useful intermediate between “open protocol” and “closed API”.

That intermediate is “open source, open state, open execution, private keys”.

That’s a smart contract where you *do* retain the admin keys, but all state and execution are on-chain. Different than typical API with opaque server.



James Madison said “If men were angels, no government would be necessary.”

If all centralized tech companies were angels, no blockchains would be necessary. But they *do* close access to APIs, rug 3rd party developers, keep state/execution closed, etc.

Therefore we’ll only get these features within a new system