X @mert | helius.dev

Core Argument - The primary purpose of blockchains is consensus without central trust, not transparency [1] - Public verifiability is the key aspect of blockchains [1] - Transparency was initially necessary for public verifiability but is no longer a strict requirement due to technological advancements like Zero-Knowledge proofs (ZK) [1] Technological Evolution - Technology has evolved, enabling verification without exposing all data through ZK [1] - Transparency should only be considered a feature in specific performance-oriented cases, such as Solana [1] Industry Perspective - The crypto industry emphasizes verifiability and distributed trust, which no longer necessitates complete transparency [1] - Early crypto adopters presented transparency as a key feature to regulators to alleviate concerns about illicit activities [1]