Midnight is trying to fix one of crypto’s biggest problems — too much exposure.
And that makes sense.
But I keep thinking about what happens next.
Because when everything is no longer visible, trust doesn’t disappear.
It just moves.
From open data… to the system itself.
And that’s where things get less clear.
Who controls that layer?
How is it enforced?
What happens when real pressure hits?
The idea is strong.
But the structure behind it matters more than people think.
Still early.
But this is the part worth watching closely.