Privacy mechanics operate differently than most assume—it's more like a PvE game than people think. Traditional glass wallets never delivered real privacy, and that's become obvious. Privacy-focused stablecoins and privacy rails? They're shaping up to be crypto's equivalent to the app store moment—a gatekeeping infrastructure shift that changes everything.

Meanwhile, protocols like Miden are taking a spec-as-law approach, while ZK-native infrastructure bets are the ones that'll actually hold value long-term. The fundamental difference is clear: either you're building on privacy as an afterthought, or you're architecting it from the ground up. The latter ages significantly better.