Privacy is not about hiding oneself; it is about showing oneself only to those who should see it.
The "selective disclosure" done by Midnight actually solves one problem: how to prove "I have money" without saying exactly how much. By separating public and private information with a dual-state ledger, and bridging them with zero-knowledge proofs.
The merit of this approach lies in the fact that institutions can comply, users can keep confidentiality, and there is no need to gamble on the integrity of the other party. The mainnet will launch at the end of March; whether it can run is uncertain, but at least the direction is right: using mathematics to replace trust and ensuring compliance with privacy protection.
I no longer expect to recover the money I lost, but if in the future remittances, renting, and buying cryptocurrencies can be done through proof, that would still be worthwhile.
@MidnightNetwork #night $NIGHT
The "selective disclosure" done by Midnight actually solves one problem: how to prove "I have money" without saying exactly how much. By separating public and private information with a dual-state ledger, and bridging them with zero-knowledge proofs.
The merit of this approach lies in the fact that institutions can comply, users can keep confidentiality, and there is no need to gamble on the integrity of the other party. The mainnet will launch at the end of March; whether it can run is uncertain, but at least the direction is right: using mathematics to replace trust and ensuring compliance with privacy protection.
I no longer expect to recover the money I lost, but if in the future remittances, renting, and buying cryptocurrencies can be done through proof, that would still be worthwhile.
@MidnightNetwork #night $NIGHT