Naval(@naval):@matthuang Point two is akin to saying that shareholders shouldn’t control a corporation. It anoints trusted third parties off-chain using pleasant-sounding words like “community.” It creates sybil attacks and unending politics. Blockchains are markets, not democracies or aristocracies.

2026.09.17 03:23

@matthuang Point two is akin to saying that shareholders shouldn’t control a corporation. It anoints trusted third parties off-chain using pleasant-sounding words like “community.” It creates sybil attacks and unending politics. Blockchains are markets, not democracies or aristocracies.

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