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I read it as:

Blockchains(PoW/PoS/etc) are not the solution for decentralized applications because blockchains are a global state and most decentralized application don't _need_ a global state. (Specially non-fintech ones that don't have a double-spend problem like social/websites/photos/etc)

It briefly mentions Secure Scuttlebutt, a gossip protocol that works over meshnets without global internet access as an example of a decentralized technology without a global state.

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