Degraded Blockchains

I get a lot of pitches for crypto-backed startups in my inbox these days, and virtually all of them suffer from fundamental problems. I've never been able to perfectly articulate the basis for my skepticism until just now. The problem is "degraded blockchains."


This is a companion discussion topic for the original entry at https://www.fortressofdoors.com/the-degraded-blockchain-problem/