dexter
@habib
365 Following
655 Followers
0 reply
0 recast
0 reaction
0 reply
0 recast
0 reaction
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 7 replies
22 recasts
161 reactions
0 reply
0 recast
0 reaction
2 replies
0 recast
0 reaction
0 reply
0 recast
0 reaction
0 reply
0 recast
0 reaction
3 replies
0 recast
1 reaction
3 replies
0 recast
4 reactions
1 reply
0 recast
0 reaction
0 reply
0 recast
0 reaction
0 reply
0 recast
1 reaction
0 reply
0 recast
0 reaction
133 replies
58 recasts
131 reactions
0 reply
0 recast
0 reaction
0 reply
0 recast
0 reaction
0 reply
0 recast
0 reaction
0 reply
0 recast
0 reaction
1 reply
0 recast
0 reaction
1 reply
0 recast
1 reaction
