BTC solved one problem cleanly: agreeing on who owns the value without a trusted third party. That's the main web3 achievement to this day. Everything else quietly brings trust through the side door - and does it poorly. We can prove a transaction was signed and included in a block, cool, but we cannot prove that anything happened off-chain. That makes solution useless for anything that is expected to cause any effect outside of blockchain. Lack of meaning and even more importantly - lack of consequences for how out-of-blockchain interactions end, turns web3 into casino and scam-center (outside of strong proofs of history, timestamping etc.). Some solutions try to incentive people by staking tokens to perform certain operations, but trust and money are not the same. Trust system optimizes for trustworthiness over iterated interactions. A pure economic incentive system filters for whoever extracts value fastest by whatever means the rules permit.…