Digital Insights Bureau

I must say, it’s thoroughly entertaining to see public chain maxis get so flustered about Canton The idea that a team can appear “out of nowhere” (i.e., blinded by bag bias) and capture mindshare and institutional adoption was simply not in their calculus Reality is that this is a symptom of a broader trend of transaction database technology becoming increasingly commoditized as apps capture more of the revenue pie DeFi teams and TradFi institutions will build on the chains that best suit their specific requirements, which are interconnected via middleware networks, and end-user consumers won’t know the difference May the best transaction databases win and rise above the others And I say this as someone who holds public chain coins and no $CC btw

🎯RESEARCH: Canton Coin $CC has a "fair launch" with no pre-mine, used to pay fees and incentivize validators. 🔥The Issue: The governance is held by a "Collective" of major financial institutions (the GSF). While they claim decentralized governance, the "peers" in this network are the same legacy players who have controlled finance for decades. It’s decentralization for the 1%, by the 1%. Goldman, Everclear, Broadridge A very clever solution for TradFi efficiency. The problem is it's being marketed as "the next evolution of DeFi

It genuinely baffles me seeing Canton sitting at position 14 by market cap with what it actually represents. It is completely permissioned. Validator entry is restricted. Governance rests with a defined group of large financial institutions. Participation is by approval, not by right. That structure may be commercially rational, but it is not permissionless infrastructure. Market cap does not convert a consortium network into a public blockchain. Open entry, credible neutrality and resilience without gatekeepers are the relevant tests. On those measures this sits closer to coordinated institutional infrastructure than to decentralised monetary rails, they control the blockchain, if they want to turn it off they can. This space was built to replace concentrated institutional control with open participation, transparent rules and settlement that does not depend on permission from incumbents. What we are starting to see is these institutions attempting to grasp back this control in the name of blockchain technology and the current relevant privacy narrative. Canton is not a serious blockchain and should sit in the not so serious category. "The root problem with conventional currency is all the trust that’s required to make it work."