Thread by @melikmanukyan

1) The narrative, promise, and objective of #blockchain has been skewed and altered into some Frankenstein clusterfuck. I see so many clueless people talking about competition, applications, tx throughput, speed, governance. When did this space derail and spiral out of control?

2) The purpose of a blockchain is to recreate objective truth or reality and the *only* way we can achieve this is when its security exceeds any one person's ability to alter its records or censor future ones. Therefore, the *only* application of a blockchain is security.

3) Blockchains are *NOT* application platforms nor are they communication mediums. They are not built for this functionality as they are highly inefficient. They are first and foremost consensus apparatuses to trustlessly discover truth and create objective reality.

4) Again, I repeat, the *only* application of a blockchain is secure recording of events. Security that is greater than all men.

If a blockchain was altered or 'can be' altered, then objective reality has been voided and lost as it has been tainted with man's subjective view.

5) All blockchains are ultimately prone to this, #Bitcoin included. However, #Bitcoin is currently the only blockchain that has proved a flawless track record & has the most security (decentralization, antifragility tests, PoW, culture, etc) to realize the purpose of blockchain.

7) I see the narrative has shifted towards impractical and nonsensical grandiose fantasies. Clueless, clueless, clueless, the lot of you are! Any blockchain whose primary focus is *anything* other than security is virtually snakeoil and is misappropriated and misrepresented.

8) Blockchains should be measured and valued on their security, not their feature-sets. In fact, feature-sets further devalue blockchain as they lower security & increase attack surface.

Features, speed, tx throughput and apps should be built *on top* of blockchains, not within.