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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

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