I noticed something uncomfortable about how I’m treating $NIGHT .
I’m being more patient than usual.
And that’s not always a good sign.
Sometimes patience is conviction.
Other times it’s just attachment dressed up as discipline.
So I tried to challenge my own thesis.
If Midnight Network disappeared tomorrow, would the market actually feel a gap?
Right now… probably not.
And that’s important to admit.
Because it means this is still a potential infrastructure play, not a proven one. The idea — selective disclosure with verifiable proofs — makes sense. But ideas don’t capture value. Adoption does.
I’ve been early on “good ideas” before that never translated into real usage.
So I’m staying honest with myself.
Position stays small.
Thesis stays conditional.
If it starts becoming necessary, I’ll scale.
If it doesn’t, I’ll exit without trying to justify it.
Not every interesting design becomes a market.