Yesterday afternoon, I had tea with a big brother who runs a traditional quantitative fund, and we talked about the current market. The big brother took a deep drag on his cigarette and pointed at the computer screen, saying: “Village chief, have you noticed that the current Web3 is like a transparent fish tank? Big money wants to come in, but all the hidden cards are exposed. How can we do business like this?”
This sentence really hit me. Everyone is rushing to invest in meme coins and play with MEME, but if we truly want Web3 to support a trillion-level business logic, the term 'privacy' is a hurdle that cannot be bypassed.
1. Why is 'full transparency' actually a weakness of blockchain?
Everyone always thinks that the openness and transparency of blockchain is an advantage, but if you are the owner of a textile factory, would you be willing to let competitors see how much you have paid your suppliers, at what time, and what the raw material unit price is through on-chain addresses? Obviously, you wouldn't. This raises a treasure project that I have been digging into recently: @MidnightNetwork Many people ask me, $NIGHT what is so special about it? The truth is that it breaks a deadlock — the vicious cycle between 'absolute privacy' and 'complete transparency.'
2. Midnight's 'rational privacy': this is what large funds want
The concept proposed by Midnight is called 'rational privacy.' Simply put, it is not about hiding to do bad things, but about protecting commercial secrets under the premise of compliance. It uses the most advanced zero-knowledge proof technology currently available. For example: when you go to a bar to buy alcohol, the waiter needs to confirm if you are over 18 years old. Traditional blockchains require you to show your ID directly to everyone; while Midnight allows you to prove 'I am an adult' through a window, but the other party cannot see your specific birth date and address. This 'selective disclosure' is exactly the ticket that institutions are most eager for.
3. About the underlying logic of NIGHT
When it comes to tokens, night is not just a speculative code. In the Midnight ecosystem, NIGHT governance is at its core. Many people have not noticed its dual-token model (there’s also a resource token called DUST), which actually learns from Ethereum's Gas logic but is done more finely. The big brother sighed at the tea table: 'If Midnight can really peel away the layer of compliant privacy, allowing large enterprises' ERP systems to run on-chain, then $NIGHT is definitely not comparable to those few MEME tokens.'
4. The director's personal view: Don't get lost in the deep night, embrace #night
I am not writing this article to urge you to go all in right now. The market is very restless, but I pay more attention to 'essential needs.' @MidnightNetwork Backed by the team's tenacity in 'honing technology,' progress may be slow, but the steps are steady. In this period where the narrative of privacy has collectively lost its voice, a foundational protocol like Midnight that can balance regulation and anonymity is very likely to be the wind vane for the next explosive growth point.
Lastly, let me say a few words about the second half of Web3. It's not about who can shout orders better, but who can solve the pain points of real-world business. Let's interact: if on-chain transfers can achieve 'hidden amounts but can pass audits,' would you transfer your large funds to such a chain? Let's discuss in the comments.
Risk warning: The village head's heartfelt words in the crypto world, this article is for reference only and does not constitute any investment advice. The market has risks, enter with caution.
