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Privacy narrative is inevitable.
Imagine, an L1 that does not expose balances or identities on-chain trading at a 375k MC. The comeback is going to be one for the history books.
Value is represented as private "notes" that can be sent and spent using cryptographic zK proofs. Nodes verify that everything checks out without learning amounts or linking senders and recipients.
These are the sort of nanocaps you buy at ATL, with huge catalysts coming up, no paid KOLs or VC's to suppress the move.