alright fine i baited myself into this one:
why Canton is the antithesis of cypherpunk values
(and why it's definitely not "the only public chain with privacy")
> claims to be a public decentralized chain, but is run by super validators that need to be vetted and approved - a fully permissioned DAG with no globally verifiable state
> claims privacy, but rejects zk as “black box” and uses data sharding and selective disclosure with ACLs instead, basically privacy by fragmentation and gated access instead of cryptography. quick reminder: private data that can be observed by a higher authority is *not* privacy, at best it's corporate secrecy
> claims verifiability, but you cannot replay or audit full transaction history to cryptographically prove fraud or token supply manipulation - this is called a trusted database, not a blockchain
> claims super validators can’t censor, but regular validators can only observe shards of the global state, not enforce inclusion or fork the chain
> claims self-custody compatibility, but everything meaningful is permissioned. you need to identify before being able to execute on the network. no self-custodial/anonymous wallets support afaik
> claims neutrality, but is a surveillance machine to serve regulators full access to "private" data, with KYC and AML baked in
[as a side note: atrocious token distribution: ~75% is held by team + early investors, with forced buy-in for new participants]
tldr: no public verifiability, no censorship-resistance, no credible neutrality, no forkability, no real privacy
this is not a public chain
and it is not private

cyp.eth
@0xcyp
12-21
the more i research Canton the more i hate it
weird how you can develop emotions against centralized databases

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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