The recent plunge of PIPPIN is not an accident; it is purely a joint effort by the project party and big whales to harvest retail investors.

Playing a murder mystery game with a few friends, when the host handed me my character's secret that only I should know, I suddenly thought, isn't this the ideal experience for a privacy-protecting DApp?
In the current blockchain world, participating in a decentralized application is more like attending a completely public meeting. Every action you take, every 'speech' (transaction), along with your identity and intentions, is recorded in black and white on a public ledger for everyone to review. This is certainly transparent, but it also makes many scenarios that require confidential collaboration—such as business bidding, anonymous voting, or personal data verification—difficult to achieve.