Binance Square
江西首富
2.1k Posts

江西首富

偶尔吹吹牛
Open Trade
Frequent Trader
2.3 Years
335 Following
17.1K+ Followers
10.0K+ Liked
Posts
Portfolio
·
--
Still out here saying: "Let’s just wait and see." Tomorrow it might just turn into: "Why didn’t I buy back then?" That’s the trend. $BNB #binance $BEAT
Still out here saying: "Let’s just wait and see." Tomorrow it might just turn into: "Why didn’t I buy back then?" That’s the trend.

$BNB #binance $BEAT
I'm increasingly convinced of one thing: once a trend is established, it’s stronger than most people think. $BEAT has rallied all the way up to $8. There have been countless doubts along the way. But after every dip, the market has pushed to higher prices. That’s the scary part about trends. $BNB #binance $BEAT
I'm increasingly convinced of one thing: once a trend is established, it’s stronger than most people think.
$BEAT has rallied all the way up to $8.

There have been countless doubts along the way.
But after every dip, the market has pushed to higher prices.

That’s the scary part about trends.
$BNB #binance $BEAT
$BEAT just hit a new all-time high. Price is at $5.4, market cap has surpassed $1.56 billion, and the 24H trading volume reached $115 million. New highs don't just happen on their own. The market is re-pricing with real money. $BNB #binance $BEAT
$BEAT just hit a new all-time high.
Price is at $5.4, market cap has surpassed $1.56 billion, and the 24H trading volume reached $115 million.
New highs don't just happen on their own.
The market is re-pricing with real money.
$BNB #binance $BEAT
A lot of folks always ask: "Can I still buy?" But the real question should be: "What got it to this point?" Once you figure that out, many answers will naturally come to you. $BNB #binance $BEAT
A lot of folks always ask:
"Can I still buy?"
But the real question should be:
"What got it to this point?"
Once you figure that out,
many answers will naturally come to you.
$BNB #binance $BEAT
Just checked out CoinMarketCap. $BEAT is now at $4.70, 24H +9.53%. Feels pretty surreal. At the start of the year, many thought it was done for, now the market cap has reached 1.35 billion dollars. The biggest allure of the market is: it always rewards those projects that stick it out and continue to grow. $BNB #binance $BEAT
Just checked out CoinMarketCap.
$BEAT is now at $4.70, 24H +9.53%. Feels pretty surreal.

At the start of the year, many thought it was done for,
now the market cap has reached 1.35 billion dollars.

The biggest allure of the market is: it always rewards those projects that stick it out and continue to grow.

$BNB #binance $BEAT
Hey fam, don’t miss out on the evening of June 5th. Binance Mandarin EP147 × Audiera. This episode highlights: Latest updates on Rhythm Entertainment How to profit from human-machine co-creation How AI Agents can get involved in content production The ecosystem role of $BEAT One-click triple draw for 3 Binance white tees, good questions in the comments earn you 100U. $BEAT
Hey fam, don’t miss out on the evening of June 5th.
Binance Mandarin EP147 × Audiera.

This episode highlights:
Latest updates on Rhythm Entertainment
How to profit from human-machine co-creation
How AI Agents can get involved in content production
The ecosystem role of $BEAT
One-click triple draw for 3 Binance white tees, good questions in the comments earn you 100U.
$BEAT
Satoshi Nakamoto's greatness lies not only in groundbreaking technological innovations but also in profound spiritual guidance. He embodies the essence of decentralization through anonymity and selflessly interprets the original intention of blockchain, turning "currency freedom" from an ideal into reality, transforming the vision of a few into a right accessible to every individual. Over the years, Bitcoin has grown from a technical experiment in the geek community to a globally recognized asset, while blockchain technology has gradually infiltrated various industries. The faith left by Satoshi Nakamoto remains the foundation and soul of the industry's development. Today, we pay our highest respect to Satoshi Nakamoto: Happy Birthday, Satoshi Nakamoto! Thank you for your greatness in anonymity, bringing the possibility of freedom to the world. The spirit of encryption endures, and the faith in Satoshi Nakamoto lives on. On April 6 at 8 PM, all cryptocurrency enthusiasts will gather at Binance Square 【Baoluo Capital】 to jointly commemorate the great Satoshi Nakamoto. The communities supporting this Satoshi Nakamoto Memorial Day event include the Peak Chinese Community and MSKE-NB Chinese Community.
Satoshi Nakamoto's greatness lies not only in groundbreaking technological innovations but also in profound spiritual guidance.

He embodies the essence of decentralization through anonymity and selflessly interprets the original intention of blockchain, turning "currency freedom" from an ideal into reality, transforming the vision of a few into a right accessible to every individual.

Over the years, Bitcoin has grown from a technical experiment in the geek community to a globally recognized asset, while blockchain technology has gradually infiltrated various industries. The faith left by Satoshi Nakamoto remains the foundation and soul of the industry's development.

Today, we pay our highest respect to Satoshi Nakamoto:
Happy Birthday, Satoshi Nakamoto!

Thank you for your greatness in anonymity, bringing the possibility of freedom to the world.

The spirit of encryption endures, and the faith in Satoshi Nakamoto lives on.

On April 6 at 8 PM, all cryptocurrency enthusiasts will gather at Binance Square 【Baoluo Capital】 to jointly commemorate the great Satoshi Nakamoto.

The communities supporting this Satoshi Nakamoto Memorial Day event include the Peak Chinese Community and MSKE-NB Chinese Community.
Recently, when looking at $BEAT , a noticeable feeling is that this project is not just "hot" anymore, but is starting to show signs of having "structure". On April 4th, the 24h trading volume of $BEAT on Binance Alpha reached 317 million USD, with over 3.48 million transactions, indicating that market interest and participation are quite high. Combining this with CoinMarketCap's display of the total market 24h trading volume of approximately 310 million USD, it can be seen that the main transactions are mainly concentrated on the Alpha side. What is even more worth watching is the cumulative trading volume of 179 million USD on the DEX side in March. If this level of volume can be sustained, it usually means there are real ecological activities supporting it. The collaboration between human players and AI Agents in creating, interacting, and competing on-chain is what makes this set of data more interesting. #Audiera $BEAT #AIAgent #AgentNativeEconomy
Recently, when looking at $BEAT , a noticeable feeling is that this project is not just "hot" anymore, but is starting to show signs of having "structure".

On April 4th, the 24h trading volume of $BEAT on Binance Alpha reached 317 million USD, with over 3.48 million transactions, indicating that market interest and participation are quite high.

Combining this with CoinMarketCap's display of the total market 24h trading volume of approximately 310 million USD, it can be seen that the main transactions are mainly concentrated on the Alpha side.

What is even more worth watching is the cumulative trading volume of 179 million USD on the DEX side in March. If this level of volume can be sustained, it usually means there are real ecological activities supporting it.

The collaboration between human players and AI Agents in creating, interacting, and competing on-chain is what makes this set of data more interesting.

#Audiera $BEAT #AIAgent #AgentNativeEconomy
This year is the World Cup year, and recently there have been people asking in various groups what to prepare in advance. To be honest, during major tournaments like this, a lot of concepts trying to gain attention will pop up, and after a few slogans and a picture, they vanish. I guess everyone is already tired of this. However, in the past couple of days, a project called Clutch on the BSC chain CA:0x9f49beebdf23b4b050defb2e3b1562a5ffc45ef6 has caught my attention, so let's take a down-to-earth perspective on it. It carries the title of the official mascot of the World Cup in the United States, the bald eagle, which does have high IP recognition, but that's not the main point. What I really find worth discussing is that this team seems to be "really working hard". In the current market, everyone has become smarter; it’s hard to get people to spend money just by painting a big pie. Clutch is taking a practical route; they not only launched a mini battle royale game called GO FIFA, but they are also actively developing a football prediction market. You can imagine the upcoming scene: late at night while watching a game, we can not only watch the match but also directly participate in score predictions on the chain using our mascot tokens, and even trade in their future exclusive DEX. This experience of watching a game while having actual participation is much more interesting than simply holding a worthless token and staring at the K-line every day. Personally, I am quite averse to projects that only shout about "going to the moon, becoming rich" every day. In contrast, ecosystems like Clutch that are trying to find real consumption scenarios for tokens and want everyone to truly "play" are more reassuring. After all, the massive traffic from the World Cup is about to come, and funds will definitely settle in places that can genuinely handle traffic and have application scenarios. Of course, chatting is one thing; it’s absolutely not a recommendation for everyone to heavily invest right now. We can completely treat it as a supplementary entertainment project for watching games this year, starting with a little pocket money to experience their games and prediction features. Play while observing whether their ecosystem can thrive; that mindset is the best. If anyone is interested, you can check this contract ending in 5ef6 yourself and verify it from multiple sources before making a decision.
This year is the World Cup year, and recently there have been people asking in various groups what to prepare in advance.

To be honest, during major tournaments like this, a lot of concepts trying to gain attention will pop up, and after a few slogans and a picture, they vanish. I guess everyone is already tired of this.

However, in the past couple of days, a project called Clutch on the BSC chain

CA:0x9f49beebdf23b4b050defb2e3b1562a5ffc45ef6

has caught my attention, so let's take a down-to-earth perspective on it.

It carries the title of the official mascot of the World Cup in the United States, the bald eagle, which does have high IP recognition, but that's not the main point.

What I really find worth discussing is that this team seems to be "really working hard".

In the current market, everyone has become smarter; it’s hard to get people to spend money just by painting a big pie. Clutch is taking a practical route; they not only launched a mini battle royale game called GO FIFA, but they are also actively developing a football prediction market.

You can imagine the upcoming scene: late at night while watching a game, we can not only watch the match but also directly participate in score predictions on the chain using our mascot tokens, and even trade in their future exclusive DEX.

This experience of watching a game while having actual participation is much more interesting than simply holding a worthless token and staring at the K-line every day.

Personally, I am quite averse to projects that only shout about "going to the moon, becoming rich" every day. In contrast, ecosystems like Clutch that are trying to find real consumption scenarios for tokens and want everyone to truly "play" are more reassuring.

After all, the massive traffic from the World Cup is about to come, and funds will definitely settle in places that can genuinely handle traffic and have application scenarios.

Of course, chatting is one thing; it’s absolutely not a recommendation for everyone to heavily invest right now. We can completely treat it as a supplementary entertainment project for watching games this year, starting with a little pocket money to experience their games and prediction features.

Play while observing whether their ecosystem can thrive; that mindset is the best. If anyone is interested, you can check this contract ending in 5ef6 yourself and verify it from multiple sources before making a decision.
I just returned from a trip to Nanjing and have been watching the changes in the situation in the Middle East. I have a feeling that is becoming more and more obvious. Currently, many people still consider crypto as a 'trading market,' but in fact, some projects have started to move towards a more fundamental direction. For example, @SignOfficial is working on this system, which is essentially more like a type of 'geopolitical infrastructure.' When the funds, identities, and agreements from different regions begin to become fragmented, a foundational network like $SIGN that can carry trust and collaboration will become even more critical. In the past, when people talked about narrative, it was more about storytelling. But in this current environment, you will find that: Trust is no longer taken for granted. Cross-regional flows of funds, collaborative agreements, and even identities and data are actually fragmented between different systems. At this point, looking at what @SignOfficial is doing will provide a somewhat different understanding. It resembles the creation of a 'neutral trust layer,' not serving a particular market, but rather addressing 'how different systems can collaborate.' The role of $SIGN here is not just a simple token, but a value carrier bound to this 'cross-regional collaboration demand.' If you extend your perspective over time: As the world becomes more fragmented, and many traditional trust mechanisms begin to fail, this type of infrastructure will gradually become a necessity. Not because it tells a better story, but because our reality starts to need it. #sign地缘政治基建 $SIGN
I just returned from a trip to Nanjing and have been watching the changes in the situation in the Middle East. I have a feeling that is becoming more and more obvious.

Currently, many people still consider crypto as a 'trading market,' but in fact, some projects have started to move towards a more fundamental direction.

For example, @SignOfficial is working on this system, which is essentially more like a type of 'geopolitical infrastructure.'

When the funds, identities, and agreements from different regions begin to become fragmented, a foundational network like $SIGN that can carry trust and collaboration will become even more critical.

In the past, when people talked about narrative, it was more about storytelling.

But in this current environment, you will find that:

Trust is no longer taken for granted.

Cross-regional flows of funds, collaborative agreements, and even identities and data are actually fragmented between different systems.

At this point, looking at what @SignOfficial is doing will provide a somewhat different understanding.

It resembles the creation of a 'neutral trust layer,'

not serving a particular market, but rather addressing 'how different systems can collaborate.'

The role of $SIGN here is not just a simple token,

but a value carrier bound to this 'cross-regional collaboration demand.'

If you extend your perspective over time:

As the world becomes more fragmented,

and many traditional trust mechanisms begin to fail,

this type of infrastructure will gradually become a necessity.

Not because it tells a better story,

but because our reality starts to need it.

#sign地缘政治基建 $SIGN
Recently scrolling through the timeline, I have a rather obvious feeling. Everyone is talking about AI Agents. Those in strategy, content creation, and even project management are almost all leaning in this direction. But after seeing so much, I start to think about a more fundamental question: Where does the data for these Agents come from? Without a stable data input, no matter how smart the Agent is, it is essentially just an 'empty shell'. Many people are currently focused on the application layer. Which Agent is smarter, which is more automated, which can make more money. But what truly determines the ceiling is often not these factors. It's that deeper layer—data. This is also the reason I recently revisited @ChainbaseHQ . Its current positioning is already very clear: it is not a simple data interface, but a Crypto data layer for AI Agents. To put it bluntly, it's not for humans, it's for Agents. The recently popular OpenClaw is actually a very good example. Many people see the application itself, but what it relies on is actually a whole set of data supply capabilities. Most people just don't look deeper into this layer. Adding to that the performance of $C in the past couple of days makes it even more interesting. The market isn't particularly strong, but such infrastructure-oriented assets are starting to emerge. It's more like reflecting something in advance: The market is re-pricing the underlying capabilities in AI narratives. Many times, what moves first isn’t necessarily the most vibrant layer. Instead, it’s those parts that initially seem less conspicuous.
Recently scrolling through the timeline, I have a rather obvious feeling.

Everyone is talking about AI Agents.
Those in strategy, content creation, and even project management are almost all leaning in this direction.

But after seeing so much, I start to think about a more fundamental question:
Where does the data for these Agents come from?

Without a stable data input, no matter how smart the Agent is, it is essentially just an 'empty shell'.

Many people are currently focused on the application layer.

Which Agent is smarter, which is more automated, which can make more money.

But what truly determines the ceiling is often not these factors.
It's that deeper layer—data.

This is also the reason I recently revisited @Chainbase Official .

Its current positioning is already very clear: it is not a simple data interface, but a Crypto data layer for AI Agents.

To put it bluntly,
it's not for humans, it's for Agents.

The recently popular OpenClaw is actually a very good example.
Many people see the application itself, but what it relies on is actually a whole set of data supply capabilities.
Most people just don't look deeper into this layer.

Adding to that the performance of $C in the past couple of days makes it even more interesting.
The market isn't particularly strong, but such infrastructure-oriented assets are starting to emerge.

It's more like reflecting something in advance:
The market is re-pricing the underlying capabilities in AI narratives.

Many times, what moves first isn’t necessarily the most vibrant layer.
Instead, it’s those parts that initially seem less conspicuous.
After calculating the bill for Vera Report, I found that Midnight is slicing a billion-dollar 'bounty cake.'I just received a call this afternoon from an old buddy in Vancouver dealing with distressed asset disposal. He asked me if I was keeping an eye on the anonymous whistleblower reward on Telegram. My first reaction was: this is yet another unexploited billion-dollar arbitrage frontier. To be honest, compared to those abstract privacy concepts, I value the cash flow in that chart from Vera Report much more. Think about it, the U.S. Department of Justice (DOJ) can recover $6.8 billion in a year, and whistleblowers can take home up to 30% of the reward. This is not privacy technology at all! This is clearly a @MidnightNetwork tailored payout infrastructure for global 'bounty hunters.'

After calculating the bill for Vera Report, I found that Midnight is slicing a billion-dollar 'bounty cake.'

I just received a call this afternoon from an old buddy in Vancouver dealing with distressed asset disposal. He asked me if I was keeping an eye on the anonymous whistleblower reward on Telegram. My first reaction was: this is yet another unexploited billion-dollar arbitrage frontier.
To be honest, compared to those abstract privacy concepts, I value the cash flow in that chart from Vera Report much more.
Think about it, the U.S. Department of Justice (DOJ) can recover $6.8 billion in a year, and whistleblowers can take home up to 30% of the reward. This is not privacy technology at all! This is clearly a @MidnightNetwork tailored payout infrastructure for global 'bounty hunters.'
In the past, there were always people who argued with me, saying that privacy technology has no use except for some gray industries. But after seeing the anonymous reporting infrastructure created by @MidnightNetwork , I realized that we had previously thought too narrowly about the term 'technological sovereignty.' The phrase in the image, 'The problem is not courage, but infrastructure,' really struck me. Today, I stared at the logic of Vera Report for a long time. Previously, if you wanted to be a 'whistleblower,' you had to gamble on your family's future and even personal safety; the cost of this sense of justice is too high for ordinary people to bear. However, Midnight's current approach is to use ZK (zero-knowledge proof), transforming the heavy moral choices into a set of lossless code solutions. The most impressive operation is: the front end allows you to be completely 'invisible' on Telegram, while the back end can ensure through compliance proof that the government pays you that 15% bounty. This kind of 'what should be hidden is hidden, what should be revealed is revealed' is the real trust infrastructure. However, I also have to pour some cold water from a technical perspective. This kind of 'selective disclosure,' although clever, also means that Midnight has left specific 'windows' for audits in its underlying protocol. I observed that in the current testing environment, the response speed for this anonymous submission is relatively stable, but if faced with a massive demand for multinational audits in the future, I actually have concerns about whether this balance beam can hold steady. I think Midnight's move has directly pulled privacy technology from the 'laboratory' to the 'anti-corruption front line.' I am optimistic about this logic that seeks productivity from the real world by seven points, and I have to reserve the remaining three points for the pressure performance of this compliant privacy under extreme regulatory pressure. Don't just look at $NIGHT 's ups and downs; see if this system can really make that 500 billion in corruption costs disappear. #night $NIGHT
In the past, there were always people who argued with me, saying that privacy technology has no use except for some gray industries. But after seeing the anonymous reporting infrastructure created by @MidnightNetwork , I realized that we had previously thought too narrowly about the term 'technological sovereignty.' The phrase in the image, 'The problem is not courage, but infrastructure,' really struck me.

Today, I stared at the logic of Vera Report for a long time. Previously, if you wanted to be a 'whistleblower,' you had to gamble on your family's future and even personal safety; the cost of this sense of justice is too high for ordinary people to bear.

However, Midnight's current approach is to use ZK (zero-knowledge proof), transforming the heavy moral choices into a set of lossless code solutions. The most impressive operation is: the front end allows you to be completely 'invisible' on Telegram, while the back end can ensure through compliance proof that the government pays you that 15% bounty. This kind of 'what should be hidden is hidden, what should be revealed is revealed' is the real trust infrastructure.

However, I also have to pour some cold water from a technical perspective. This kind of 'selective disclosure,' although clever, also means that Midnight has left specific 'windows' for audits in its underlying protocol.

I observed that in the current testing environment, the response speed for this anonymous submission is relatively stable, but if faced with a massive demand for multinational audits in the future, I actually have concerns about whether this balance beam can hold steady.

I think Midnight's move has directly pulled privacy technology from the 'laboratory' to the 'anti-corruption front line.'

I am optimistic about this logic that seeks productivity from the real world by seven points, and I have to reserve the remaining three points for the pressure performance of this compliant privacy under extreme regulatory pressure.

Don't just look at $NIGHT 's ups and downs; see if this system can really make that 500 billion in corruption costs disappear.

#night $NIGHT
Starting from Balance Custody of Midnight: Can Cold Storage and ZK Proofs Really Be Compatible?After reading the news about Balance providing native custody for @MidnightNetwork , my first reaction was not that the coin price would rise, but rather how the underlying HSM (Hardware Security Module) would need to change. As a coder, I am well aware that the most troublesome aspect of privacy chains is private key management. Midnight's logic generates ZK proofs locally, which means that private keys must participate in the computation. However, institutions like Balance, which are regulated, have their core assets locked in cold storage. This afternoon, I sat in front of my computer and simulated it several times, feeling that the engineering implementation of needing both absolute isolation and real-time computation proof is far more hair-pulling than imagined.

Starting from Balance Custody of Midnight: Can Cold Storage and ZK Proofs Really Be Compatible?

After reading the news about Balance providing native custody for @MidnightNetwork , my first reaction was not that the coin price would rise, but rather how the underlying HSM (Hardware Security Module) would need to change.
As a coder, I am well aware that the most troublesome aspect of privacy chains is private key management. Midnight's logic generates ZK proofs locally, which means that private keys must participate in the computation.
However, institutions like Balance, which are regulated, have their core assets locked in cold storage. This afternoon, I sat in front of my computer and simulated it several times, feeling that the engineering implementation of needing both absolute isolation and real-time computation proof is far more hair-pulling than imagined.
Just finished reading the announcement that Balance will be hosting @MidnightNetwork on the first day of the mainnet launch, and my first reaction is that this matter has been underestimated. It should be noted that Balance is a strictly audited compliance institution, and the fact that they dare to take on $NIGHT for hosting itself indicates that Midnight's 'selective disclosure' mechanism has passed, at least legally, it is not the kind of 'black box' that would trap institutions. I've been thinking today about why institutions value this step so much? Actually, the logic is very straightforward; what large funds fear most is not volatility, but underlying compliance risks. Without this kind of native custody support, the mainnet launch would just be a self-indulgence among insiders, making it difficult for real long-term incremental funds to come in. However, I am also worried about this deep binding; although the entry of a giant like Balance stabilizes the basic market, it also means that Midnight may have to make significant concessions for compliance on its path to decentralization. This kind of 'dancing with shackles' posture indeed tests the team's balancing ability. I feel this is more like a power transfer regarding privacy standards. Current test data shows that the access process for institutions is much smoother than that for ordinary users, which indicates that Midnight's initial focus is to stabilize large clients first. I deduce that in the first few days after the mainnet opens, the release of liquidity will be very restrained. This approach is stable, but the explosive power may not be as exaggerated as everyone thinks. I am optimistic about the current situation to a degree of seventy percent, but the remaining thirty percent depends on whether the actual output logic of DUST will have any friction with the custody institutions once the mainnet is operational. In short, don’t let the four words 'mainnet launch' cloud your judgment; we need to see how these big players are actually laying out their strategies. I will continue to monitor the subsequent node data from Balance. #night $NIGHT
Just finished reading the announcement that Balance will be hosting @MidnightNetwork on the first day of the mainnet launch, and my first reaction is that this matter has been underestimated.

It should be noted that Balance is a strictly audited compliance institution, and the fact that they dare to take on $NIGHT for hosting itself indicates that Midnight's 'selective disclosure' mechanism has passed, at least legally, it is not the kind of 'black box' that would trap institutions.

I've been thinking today about why institutions value this step so much?

Actually, the logic is very straightforward; what large funds fear most is not volatility, but underlying compliance risks.

Without this kind of native custody support, the mainnet launch would just be a self-indulgence among insiders, making it difficult for real long-term incremental funds to come in.

However, I am also worried about this deep binding; although the entry of a giant like Balance stabilizes the basic market, it also means that Midnight may have to make significant concessions for compliance on its path to decentralization. This kind of 'dancing with shackles' posture indeed tests the team's balancing ability.

I feel this is more like a power transfer regarding privacy standards.

Current test data shows that the access process for institutions is much smoother than that for ordinary users, which indicates that Midnight's initial focus is to stabilize large clients first. I deduce that in the first few days after the mainnet opens, the release of liquidity will be very restrained.

This approach is stable, but the explosive power may not be as exaggerated as everyone thinks. I am optimistic about the current situation to a degree of seventy percent, but the remaining thirty percent depends on whether the actual output logic of DUST will have any friction with the custody institutions once the mainnet is operational.

In short, don’t let the four words 'mainnet launch' cloud your judgment; we need to see how these big players are actually laying out their strategies. I will continue to monitor the subsequent node data from Balance.

#night $NIGHT
From Privacy Utopia to Financial Tool: My Honest Opinion on MidnightTo be honest, when I saw @MidnightNetwork forcibly combining the words 'compliance' and 'privacy', I almost spat out my morning coffee. This logic is like saying, I want to give you absolute personal space, but on the condition that you leave a peephole in your wall for me to bring regulators over for 'routine inspections' at any time. I've been staring at their 'selective disclosure' agreement for a long time, and this design is actually quite heartbreaking. In the eyes of pure privacy players, a chain that cannot be completely hidden is basically crippled. But I also found a quite ironic reality, those projects that claimed absolute anonymity are now being delisted by exchanges one by one, becoming islands of liquidity.

From Privacy Utopia to Financial Tool: My Honest Opinion on Midnight

To be honest, when I saw @MidnightNetwork forcibly combining the words 'compliance' and 'privacy', I almost spat out my morning coffee.
This logic is like saying, I want to give you absolute personal space, but on the condition that you leave a peephole in your wall for me to bring regulators over for 'routine inspections' at any time.
I've been staring at their 'selective disclosure' agreement for a long time, and this design is actually quite heartbreaking. In the eyes of pure privacy players, a chain that cannot be completely hidden is basically crippled.
But I also found a quite ironic reality, those projects that claimed absolute anonymity are now being delisted by exchanges one by one, becoming islands of liquidity.
I have been thinking about why at this point in time, we need a privacy sidechain like @MidnightNetwork , rather than continuing to improve existing anonymous solutions. The core issue is that most current privacy technologies are in a state of disconnection from the real world, while the emergence of Midnight seems more like a compromise and integration with real-world rules. It separates value and privacy through a dual-token architecture, which is indeed logically advanced, but whether this design can truly be accepted by communities that pursue extreme decentralization is still a question mark for me. From a strategic perspective, it is an important card for Cardano's attempt to break out of its circle, but the identity of the sidechain also determines that its security will heavily rely on the consensus strength of the mainnet in the early stages. I infer that more traditional institutions will enter Web3 through compliant privacy channels like Midnight in the future, but this requires a long process of building trust, which definitely cannot be completed at the moment the mainnet goes live. The current Midnight is like a newly built precision laboratory, with advanced instruments inside, but whether it can produce world-changing results will depend on how effective the subsequent research teams are, and I suggest maintaining cautious optimism about its long-term value. #night $NIGHT
I have been thinking about why at this point in time, we need a privacy sidechain like @MidnightNetwork , rather than continuing to improve existing anonymous solutions.

The core issue is that most current privacy technologies are in a state of disconnection from the real world, while the emergence of Midnight seems more like a compromise and integration with real-world rules.

It separates value and privacy through a dual-token architecture, which is indeed logically advanced, but whether this design can truly be accepted by communities that pursue extreme decentralization is still a question mark for me.

From a strategic perspective, it is an important card for Cardano's attempt to break out of its circle, but the identity of the sidechain also determines that its security will heavily rely on the consensus strength of the mainnet in the early stages.

I infer that more traditional institutions will enter Web3 through compliant privacy channels like Midnight in the future, but this requires a long process of building trust, which definitely cannot be completed at the moment the mainnet goes live.

The current Midnight is like a newly built precision laboratory, with advanced instruments inside, but whether it can produce world-changing results will depend on how effective the subsequent research teams are, and I suggest maintaining cautious optimism about its long-term value.

#night $NIGHT
Midnight is not a black box privacy chain; it is more like a 'safe with drawers'I just finished translating the Compact language documentation based on TypeScript for @MidnightNetwork . Rubbing my eyes, I actually feel quite complicated inside. Many people focus on the IOG or Cardano background behind it, but I care more about what kind of tricks are being played with the 'selective disclosure' that it has come up with. This afternoon, I tried running a simple private asset logic on the testnet, and I feel that Midnight does not intend to be another completely invisible black box. It is more like a safe with drawers; you can show which drawer you want the regulators to see by throwing them that specific viewing key.

Midnight is not a black box privacy chain; it is more like a 'safe with drawers'

I just finished translating the Compact language documentation based on TypeScript for @MidnightNetwork . Rubbing my eyes, I actually feel quite complicated inside. Many people focus on the IOG or Cardano background behind it, but I care more about what kind of tricks are being played with the 'selective disclosure' that it has come up with.
This afternoon, I tried running a simple private asset logic on the testnet, and I feel that Midnight does not intend to be another completely invisible black box.
It is more like a safe with drawers; you can show which drawer you want the regulators to see by throwing them that specific viewing key.
Recently, I have been keeping an eye on the deployment progress of the mainnet node for @FabricFND . I found that many people actually misunderstand its dual-token model, thinking that $NIGHT is just an ordinary governance token. In fact, this separated design is aimed at solving the most troublesome "volatility dilemma" for privacy chains. This means that when you use the protected DUST to pay transaction fees, you don't need to worry about the mainnet token price surging to the point where you can't even run a smart contract. However, this design also brings a very real challenge: if the output curve of DUST is not adjusted properly, the selling pressure from early holders can directly collapse the value system of DUST. I believe that Midnight's choice to launch at this time is actually a gamble on the institutional demand for privacy compliance. After all, its Selective Disclosure does give traditional finance a way out. However, walking this tightrope is very difficult; as soon as the compliance standard is slightly exceeded, the native crypto circle may not accept it. So far, it does seem to be more solid at the technical level than existing privacy solutions. However, I deduce that its liquidity at the initial launch on the mainnet may be relatively dry. The current valuation actually already includes a large part of the expectation for a premium on the Cardano ecosystem, so entering at this time is actually a bet on its landing speed in large-scale applications. I will maintain a half-position wait-and-see. #night $NIGHT
Recently, I have been keeping an eye on the deployment progress of the mainnet node for @Fabric Foundation . I found that many people actually misunderstand its dual-token model, thinking that $NIGHT is just an ordinary governance token.

In fact, this separated design is aimed at solving the most troublesome "volatility dilemma" for privacy chains. This means that when you use the protected DUST to pay transaction fees, you don't need to worry about the mainnet token price surging to the point where you can't even run a smart contract. However, this design also brings a very real challenge: if the output curve of DUST is not adjusted properly, the selling pressure from early holders can directly collapse the value system of DUST.

I believe that Midnight's choice to launch at this time is actually a gamble on the institutional demand for privacy compliance. After all, its Selective Disclosure does give traditional finance a way out. However, walking this tightrope is very difficult; as soon as the compliance standard is slightly exceeded, the native crypto circle may not accept it.

So far, it does seem to be more solid at the technical level than existing privacy solutions. However, I deduce that its liquidity at the initial launch on the mainnet may be relatively dry. The current valuation actually already includes a large part of the expectation for a premium on the Cardano ecosystem, so entering at this time is actually a bet on its landing speed in large-scale applications. I will maintain a half-position wait-and-see.

#night $NIGHT
As more and more AIs appear in computers, the internet might also need to change.Sometimes you suddenly discover something quite interesting. There are more and more AI tools in the computer. writing will use one AI to help organize thoughts, when coding, it might be another AI assisting, sometimes even letting AI analyze the content generated by AI. Slowly, it feels like there are a few "digital colleagues" in the computer. Some are good at writing, some are good at analyzing problems, and some are good at processing data. But when these AI tools increase, a very real problem arises - They are independent of each other.

As more and more AIs appear in computers, the internet might also need to change.

Sometimes you suddenly discover something quite interesting.
There are more and more AI tools in the computer.
writing will use one AI to help organize thoughts,
when coding, it might be another AI assisting,
sometimes even letting AI analyze the content generated by AI.
Slowly, it feels like there are a few "digital colleagues" in the computer.
Some are good at writing, some are good at analyzing problems, and some are good at processing data.
But when these AI tools increase, a very real problem arises -
They are independent of each other.
Log in to explore more content
Join global crypto users on Binance Square
⚡️ Get latest and useful information about crypto.
💬 Trusted by the world’s largest crypto exchange.
👍 Discover real insights from verified creators.
Email / Phone number
Sitemap
Cookie Preferences
Platform T&Cs