RT mert | helius.dev (@0xMert_)dear noobsthe point of blockchains is not transparency, and it never has beenthis is a psyop that early crypto people told the feds when they kept being accused of doing crimethe point is quite literally consensus without central truste.g., a bunch of computers agreeing with each other on balances without needing someone in the middle like a bankin other words, the point is public verifiabilityback in the day, the only way to achieve this was for everyone to see everythingsato ...

Core Argument - The primary purpose of blockchains is consensus without central trust, not transparency, which was initially a defense against accusations of criminal activity [1] - Public verifiability, achieved through consensus, is the key aspect of blockchains, eliminating the need for intermediaries like banks [1] - Transparency should not be considered a core feature of blockchains except in specific performance-oriented cases [1] Technological Evolution - Early blockchain technology required full transparency to achieve public verifiability [1] - Zero-Knowledge (ZK) technology now enables verification without exposing all data, evolving beyond the need for complete transparency [1] Future Perspective - The focus of crypto and blockchains should be on verifiability and distributed trust, which no longer necessitates transparency in 2025 [1]