$CCD A lot of privacy discussions focus on encryption, but the bigger question is often: who are you being asked to trust? Most platforms rely on a central gatekeeper to protect user information. That works until there's a breach, external pressure, or a change in incentives. What I find interesting about Concordium is that the system is designed so no single participant holds enough information to independently unveil a user. Privacy isn't dependent on one trusted party making the right decision. That's an important distinction because good privacy architecture should reduce trust assumptions, not increase them. The fewer single points of failure a system has, the more resilient it becomes over time.