I wrote a draft of this article back in 2018, but never published it. Reading back on it now, I'm surprised how much I still agree with the fundamental premise.

For me, it wasn't about tokenization. It was exciting that we could build trustworthy decentralized systems, without entrusting any single centralized party with power.

Now 8 years later, it's interesting to see "blockchains" that aren't really BFT, or semi-centralized. - For the chains that stuck to their decentralized BFT roots, I'm bullish. - For the chains that are trying to tokenize on software that is strictly harder to use than straight up web servers. Good luck with that. Banks seem to be pretty good at launching stablecoins without it.