Looking at the K-line price of NIGHT on Binance, I know that some groups are getting lively again.
I have to say something disappointing: don't treat design blueprints as a fully furnished house! This Midnight is being hyped up, claiming to have installed a "color-changing filter" on the data, making it transparent when you want it to be and blurry when you want it to be. It sounds beautiful, but the current ecosystem is essentially just a construction site with a skeleton framework; apart from making empty promises, not even a brick has been laid.
✍🏻 Let me point out the following points for everyone to ponder:
First, the phone turns into a "hand warmer." Generating a privacy certificate consumes a lot of computing power; when you transfer funds, the phone gets so hot it could fry an egg, and the battery drains faster than stock prices. While Aztec and Aleo are working hard to optimize speed, Midnight seems to be preparing for users to "refine elixirs" with their phones? Who can stand this experience?
Second, "compliance" means leaving a backdoor. Do you want to protect privacy while allowing regulators to check at will? When it really matters, won't you obediently hand over the control of that "variable filter" to the institutions? I'm just afraid it will end up as a "surveillance-equipped secret room," which privacy advocates won't accept, and institutions will find troublesome.
Third, developing is like "blindfolded operation." Having programmers write code on encrypted data is akin to fixing a watch with your eyes closed. How many pitfalls have Oasis, Secret, and other predecessors encountered that it hasn't seen? Do you still expect developers to flood in instantly? That might be a bit difficult.
🐶 In conclusion, the plain truth from me:
To put it simply, @MidnightNetwork is now hanging by a thread relying on "expectations." Don't listen to stories like holding $NIGHT will let you passively earn DUST fuel; those are just ropes tying you down. No matter how nice the concept sounds, if the product is not usable, it's useless. Wait until it can really cool down the phone and major companies are running their businesses on it, then we can join in without haste. Right now? It's ultimately just a shiny-looking, half-finished product full of loose threads, and we still have to see the actual ecosystem applications come to fruition.
Finally, I suggest everyone not to be misled by the short-term price rebound and to do your own research (DYOR). The cryptocurrency market is risky, so brothers, operate cautiously.🚨