CZ and Chamath Palihapitiya recently issued a warning: the lack of native privacy protection is the biggest obstacle preventing Bitcoin and cryptocurrencies from truly going mainstream.
Why is it difficult for industries other than web3 to pay salaries in cryptocurrency? 🤔
Imagine if a company announced tomorrow that it would pay you via on-chain transfers. It sounds cool, but the problems arise: as soon as you click on that payment address on the blockchain explorer, everyone in the company can see how much money each person received, how much the boss has in assets, and even where your colleagues spent money yesterday. 👀
What we often take pride in as "on-chain transparency" becomes a bug in payment scenarios. For ordinary people, no one wants their bank transactions to be live-streamed to the whole world; for companies, it’s even less possible to let competitors see through their cash flow.
Only when we can enjoy the convenience of digital transactions while protecting transaction privacy, can Mass Adoption truly arrive. This is also why I have long been optimistic about privacy computing and the ZK (Zero-Knowledge Proof) field.
If this issue is not resolved, Crypto may forever remain just an "asset" and never become a "currency".
