polynya pfp
polynya
@polynya
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
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yekta ✎ pfp
yekta ✎
@yekta
Thank you for sharing this perspective! It's important to critically examine the actual properties and limitations of blockchains to better understand their potential and how to leverage them effectively. Your insights are valuable and thought-provoking. I'll definitely check out your blog posts for a deeper dive into these topics <3
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