Field Note #25. On "Blockchain & Power to Root Users"

Source: Balaji Srinivasan, "Yes, You May Need a Blockchain," orig. at CoinDesk, avail. online (May 14, 2019)

• Srinivasan One-Liner: Public blockchains are “massively multiclient databases, where every user is a root user.”
• Key features of public blockchains:
  (1) Canonical API without centralization
  (2) Lossless import/export
  (3) Incentivized interoperation
  (4) Cryptographic data integrity