The on-chain "naked running" has scared me, $NIGHT has shown me hope!
As a seasoned "chives monster", I've recently realized a bloody truth: on a transparent public chain, retail investors don't even have their underwear.
As long as you check my wallet address, when I invested in Shiba Inu and got stuck, the whole network is crystal clear. Just place a slightly large order, and the MEV "scientists" will directly front-run me like sharks, squeezing me out. All my cards are exposed, and I can only be hit down to a lower dimension.
After being hurt, I started to dive into the white paper of @MidnightNetwork . It showed me the hope of "wearing clothes".
The previous Monero was a pure black box, and with strict regulation, it was destined to be marginalized. Midnight is very clever, focusing on "selective disclosure" based on ZK (zero-knowledge proof).
In plain language: it can create a "cyber room" on-chain.
You can provide encrypted proof to the exchange to prove that your "funds are clean and not laundered"; but other scientists and acquaintances absolutely cannot check your specific positions and trade records! And NIGHT is the essential fuel driving this ZK privacy computing power.
Institutions are afraid of their bottom positions being exposed, and retail investors have had enough of squeeze robots. Midnight "can both comply and self-certify while keeping the bottom cards", accurately hitting the pain point. Currently, the ecosystem is still in its early stages, but in this dark forest, infrastructure that can protect privacy is definitely worth placing at the forefront of the research list. #night