【Why are institutions afraid of public chains? Understanding the privacy boundaries of Midnight】
Brothers, let's talk about something real. Everyone in the circle is shouting to let big companies in, but a purely public blockchain simply can't do it. Let's be frank, which serious company would be willing to expose its business secrets and cash flow on a transparent ledger for all to see? Stripping down to your underwear does not align with commercial logic.
This is also the reason I reconsidered Midnight. Don’t boast about absolute anonymity; let’s look at the evidence first. Its main feature of "selective disclosure" is very practical: compliance data that needs to be shown to regulators gets the green light, while core secrets are securely hidden using zero-knowledge proofs. I tend to believe that this kind of privacy with boundaries is the foundational infrastructure that institutions are truly willing to use.
Now let’s look at consumption. Many chains have astronomical fees when congested, but it has implemented a dual-token system. It captures value using NIGHT and generates DUST as fuel, completely separating speculation from actual usage costs. I’m not sure if the mechanism will collapse under high concurrency, but how will I verify it? Waiting for the mainnet to see the real nodes running and the wear and tear on-chain.
The conclusion is not absolute; survival first, then we can think about more. If we can truly bite off this piece of meat, the future potential is enormous.
@MidnightNetwork $NIGHT #night
Brothers, let's talk about something real. Everyone in the circle is shouting to let big companies in, but a purely public blockchain simply can't do it. Let's be frank, which serious company would be willing to expose its business secrets and cash flow on a transparent ledger for all to see? Stripping down to your underwear does not align with commercial logic.
This is also the reason I reconsidered Midnight. Don’t boast about absolute anonymity; let’s look at the evidence first. Its main feature of "selective disclosure" is very practical: compliance data that needs to be shown to regulators gets the green light, while core secrets are securely hidden using zero-knowledge proofs. I tend to believe that this kind of privacy with boundaries is the foundational infrastructure that institutions are truly willing to use.
Now let’s look at consumption. Many chains have astronomical fees when congested, but it has implemented a dual-token system. It captures value using NIGHT and generates DUST as fuel, completely separating speculation from actual usage costs. I’m not sure if the mechanism will collapse under high concurrency, but how will I verify it? Waiting for the mainnet to see the real nodes running and the wear and tear on-chain.
The conclusion is not absolute; survival first, then we can think about more. If we can truly bite off this piece of meat, the future potential is enormous.
@MidnightNetwork $NIGHT #night