Dialogue with Charles Hoskinson: Midnight does not chase Monero users, so who do they want?
The cryptocurrency circle in March indeed made headlines. From Binance launching spot trading to the mainnet about to start, the excitement has been continuous. But amidst all this noise, one detail has been spinning in my mind — the words spoken by Charles Hoskinson at Consensus Hong Kong. At that time, a journalist asked him: How does Midnight plan to attract users from Monero and Zcash? His answer was very direct: "We do not intend to pursue users from Monero and Zcash." "Privacy fundamentalists" and the remaining billions of people Hoskinson divides the people in the privacy race into two categories.
From MoneyGram to Vodafone: Why Traditional Giants Are Starting to Bet on Midnight?
One of the hottest topics in the crypto circle these days is the countdown to the mainnet of @MidnightNetwork . However, what is truly noteworthy is not the market's calls, but an increasingly long list of partners. Carefully look at these names, and you will find an obvious signal: Traditional giants are placing real chips in the privacy race. First, let's look at the three recently announced federal node operators. MoneyGram, eToro, and Pairpoint, which was established in collaboration with Vodafone and Sumitomo Corporation. MoneyGram is the world's second-largest remittance company, operating in over 200 countries and regions, with hundreds of thousands of agent locations.
In-depth analysis of $NIGHT's 'dual-core engine': Why does the DUST mechanism solve the ultimate pain point of Gas fees?
When it comes to public chains, apart from congestion, the most headache-inducing issue is the soaring and plummeting Gas fees. Do you remember during the last bull market, the transaction fee for a single transfer was enough for a meal. This kind of volatility not only deters users but also makes it difficult for DApp developers to estimate costs.
Recently, while studying the token economic model of @MidnightNetwork , it was found that to address this issue, they designed a clever 'dual-token' system, centered around $NIGHT and $DUST.
In simple terms, $NIGHT is like your 'asset principal' and 'voting rights': Holding $NIGHT can be staked to validation nodes (including Cardano's SPO) to protect network security and can also participate in future governance votes.
When 'naked' on-chain living becomes a thing of the past: Midnight opens a new world with 'rational privacy'
I don't know if everyone has this feeling, but current public chains are like living in a house with glass walls. To participate in DeFi, swap coins, and chase airdrops, we have to expose every transaction and every wallet balance to the sunlight. Although people often say 'transparency is consensus', when you have to put salary, identity information, or company commercial contracts on the chain, this 'naked' state indeed makes people uneasy. Recently, I have been following @MidnightNetwork and feel that they have found an interesting breakthrough called 'rational privacy'. This concept sounds a bit academic, but simply put, it means: your data is kept confidential by default, but when you need to prove certain facts, you only need to provide a 'proof' instead of handing over your entire 'diary'.
When it comes to Crypto mining, many people's first reaction is still PoW (mining with machines to earn Bitcoin) or PoS (staking for interest). These two models are classic, but when it comes to anchoring the real economy, they always feel a bit lacking—Bitcoin mining consumes energy but only produces security, while PoS staking easily falls into a 'money makes money' circular loop.
@FabricFND proposed a new idea: PoRW (Proof of Robotic Work).
In simple terms, you are no longer passively earning money based on mining machine computing power or staking amounts, but rather based on how much actual work the machines have done to earn rewards. Your delivery robot delivered 10 orders, your warehouse robot moved 1000 boxes, your inspection drone flew 50 kilometers—these real physical labor activities can only earn $ROBO rewards after being confirmed through the on-chain 'challenge-validator' system.
To be honest, there are quite a few projects in the crypto industry discussing robots, but many are still at the white paper stage. @Fabric Foundation is different; it belongs to the category that has truly brought the technology to life and made it operational.
The core contributing team behind it, OpenMind, consists of members from Stanford University, MIT CSAIL, and Google DeepMind. This is a typical team that combines research and engineering, with a goal more akin to building robotic infrastructure rather than telling stories.
The OM1 robot operating system they launched has been open-sourced and runs on several robot hardware platforms, such as Yushu and Zhiyuan. This means the system is not just a proof of concept but has already entered real device environments.
The design of $ROBO also revolves around a real-world problem: how different brands of robots can collaborate, settle accounts, and record work. The Fabric Protocol enables the tasks completed by robots to be verified, recorded, and rewarded through on-chain identities and the Proof of Robotic Work mechanism.
Some describe this as giving robots a "blockchain brain." Viewed from another perspective, it is more like establishing a collaborative digital society for intelligent machines. No matter how grand the technological vision, it ultimately has to be grounded in real-world applications, and the Fabric system has already begun operation. #robo $ROBO
Can idle GPUs still mint coins? Fabric Foundation supports the future construction of $ROBO with three major mechanisms.
Hello everyone, I have been researching the 'robot + blockchain' track recently and found that @Fabric Foundation is really smart in token incentives. Many people, upon hearing 'robots on the chain', first respond: lend out GPUs for AI training, and then lie back to mine $ROBO . Fabric also supports computing power contributions, but they really focus on another thing – making tokens truly pay for 'useful things'. Core mechanism one: Proof of Robot Work. $ROBO emissions are not a fixed output, but are dynamically adjusted based on the real task volume of the network + task quality.
When it comes to $ROBO , I have to say this: Don't just think of it as another speculative token.
In @Fabric Foundation , $ROBO is solid 'hard currency'. Robot task fees, operator staking deposits, community voting governance... It all relies on it; without it, things really can't move.
I've been looking over its economic model repeatedly, and the more I look, the more interesting it becomes. Total supply is 10 billion, but it adopts dynamic emission, adjusting rewards automatically based on actual network utilization, without flooding the market all at once.
The most amazing part is: The money earned by the protocol will take a portion (commonly said to be about 20%) to directly buy back $ROBO on the open market, creating continuous buying pressure; Later, some revenue will be directly burned, which has deflationary potential in the long run.
The distribution is quite transparent: About 30% is reserved for the ecosystem and community, rewarding the robots that actually do the work through Proof of Robotic Work; Another 5% is directly airdropped to early supporters.
Want to participate in governance? Just lock $ROBO as veROBO, the longer you lock it, the higher the weight, allowing you to vote on key parameters like network fees and emission rates. To be honest, it really feels like holding a scepter in your hand.
In summary: $ROBO is both a ticket into the robotic economy and a credential for future governance participation.
It is now already listed on mainstream exchanges like Binance, with quite ample liquidity.
If you also think that robots + blockchain will be the next real trend, why not do some research on #robo #ROBO
$ROBO current real-time price: $0.0458 USD | Market cap 102 million USD
Recently researched the token economics of $ROBO, and the more I look at it, the more interesting I find it. It's not because its distribution ratio is particularly special—total supply of 10 billion, investors 24.3%, team 20%, foundation 18%, ecosystem 29.7%, airdrop 5%, these numbers are not surprising in the crypto world. What really deserves attention is the design logic of this mechanism: It is designed not for 'speculation' but for 'usage'. Let’s start with a detail: Proof of Robotic Work This term sounds very technical, but its meaning is actually quite simple—robots can only earn rewards if they genuinely do the work.
Today, CPI was released and a line was drawn directly, but it is still bullish in the long run and there is a chance to exceed the bottom. ORD is also ready to move! ! ! ! #非农数据 #大盘走势 #BTC大饼减半,
Yesterday’s merlin magic book, the floor was 0.016btc; I don’t know why there are still people staking merlin, and there will be compensation for white orders that have not been minted. I sincerely hope that merlin will get better and better.
I will buy some more Merlin Magic Books. It is the key to the future Merlin project and its potential is also very great. I predict that Merlin Magic Books will be 0.1btc. #Merlin生态 #btc #Merlin
Merlin Magic Book tonight at 18:00, Abai starts mint. I really trust Merlin Chain. Although I didn’t make much money from the last token pledge, I still made money, and there is really no need to worry about security issues. Now The value of this IP is infinite, and the BTC level 2 leader belongs to Merlin. #merlin #Merlin生态
Tonight at 18:00, A Bai will start minting Merlin Magic Book. I really trust Merlin Chain. Although I didn’t make much money from the last token pledge, I still made money. And there is really no need to worry about security issues. Now the value of this IP is infinite. The BTC 2nd layer leader belongs to Merlin. #merlin #Merlin生态
👉Fund security is directly related to the survival of the public chain Detailed explanation of the security of Merlin Chain, how to protect 3.5 billion funds#MerlinSwap#Web3 #BTC、 #merlin #btcl2 👉Fund security is directly related to the survival of the public chain. As an emerging and growing Layer2, Merlin Chain has devoted absolute resources to security since its birth, and has continued to increase its investment after achieving ecological success. After all, only by maintaining the most basic security line can the long-term sustainable prosperity of the ecology be guaranteed. 👉It is reported that Merlin Chain plans to add Council Grants and Merlin Bug Bounty programs in the future to encourage any individual or team to find loopholes and contribute to the ecological security of Merlin Chain. Welcome everyone to discuss and express their opinions🥰 #Merlin
I will definitely use up all the Merlin Magic Books tonight at 18:00, and I will also grab the chance if I have the chance to play B White;
Why is Merlin Chain so popular? How is Merlin's security? How to protect 3.5 billion funds? Answers:
#MerlinSwap#Understand 2920666900#btc#BTCL2#Ordinals. The key theory of fund security: the ultimate guardian of the survival of the public chain. Fund security is directly related to the survival of the public chain. Merlin Chain is an emerging and growing Layer2.
🔥Since the first day of its birth, it has devoted absolute resources to security, and has continued to increase its investment after achieving ecological success. After all, only by keeping the most basic security line of defense can the long-term and sustainable prosperity of the ecology be guaranteed. It is reported that Merlin Chain plans to add Council Grants and Merlin Bug Bounty programs in the future to encourage any individual team to find loopholes and contribute to the ecological security of Merlin Chain. #Merlin #Merlin生态
#MerlinLayer2 Overview of public chain funding security measures Severe challenges: Fund security is related to the survival of the public chain, and attracting $3.5 billion in TVL requires addressing challenges. Architectural design security measures Work with the security team to adopt cryptographic measures such as decentralized oracles and diversified asset support to build a secure and transparent system.
Work with @CelestiaOrg
Enhance network transparency and trust through data guarantees provided by Celestia Bitcoin Level 1 Verification Submit Taproot data to the Bitcoin layer for security verification Asset management security measures Use MPC wallet solutions to achieve institutional-level security. Merlin Security Committee cooperates with security companies to review ecological projects and support third-party regulatory platforms
Fund security is the key to the survival of Merlin public chain!
Work with well-known security teams such as SlowMist Jointly ensure the safety of ecological projects Third-party monitoring platform mistTrack Users can monitor on-chain data in real time to improve fund security and transparency. Plan to add CouncilGrants MerlinBugBounty program Encourage community participation in ecological security construction Through a series of security measures and cooperation, the security of $3.5 billion in funds is ensured, laying a solid foundation for the development of the Bitcoin second-layer network and user trust.
Merlin has been in the spotlight lately, but its success is no accident. Behind the scenes is the team’s long-term silent hard work and continuous innovation in the Bitcoin ecosystem, which has received strong support from the community. Cooperating with other public chains forms a win-win cooperation model instead of competition. In addition, solid financing and security foundations are also key factors for Merlin's success.
The process of Merlin's success is not only market recognition, but also the team's long-term development in the Bitcoin ecosystem. From Recursiverse to Bitmap Explorer to Merlin Chain, the team has been continuously promoting the development of the Bitcoin ecosystem, thus gaining the trust of users and the community. Merlin’s rapid development also benefits from its cooperation with other mainstream projects, especially the Ethereum Layer 2 project Manta, which jointly promotes the development of the entire ecosystem.
In addition to the team's efforts, Merlin has also attracted a large amount of capital injection, including financing from top institutions, such as OKX Venture, ABCED, etc. These funds not only provide support for the development of Merlin, but also lay the foundation for the security and stability of the project.
In addition, Merlin's success is also due to its focus on user experience and product innovation. The team continues to launch new features and products, attracting more user participation, while building a solid community through fair distribution and other methods. The development of Merlin has also attracted the emergence of many native projects, which revolve around Bitcoin native assets, injecting new vitality into the development of the entire ecosystem.
In general, Merlin’s success is inseparable from the team’s efforts, community support, cooperation with other public chains, solid financing and security foundations, and emphasis on user experience and product innovation. These factors jointly contribute to Merlin's rapid development and long-term stability in the Bitcoin ecosystem.
Specific reference: https://www.theblockbeats.info/news/51989