If you’ve lived through the last ten years of blockchain, you develop a filter for hype.
The latest noise about proprietary chains sounds exactly like the buzz that surrounded enterprise blockchains almost a decade ago.
Back then it was ‘blockchain, not Bitcoin.’ Today it’s ‘proprietary chains, not Ethereum or @SuiNetwork.’
Both miss the same point: blockchains derive their power from being open, composable, and censorship-resistant.
Proprietary versions can’t sustain those properties, so they end up as costly experiments.
The only chains that will matter in the long run are the public ones.
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