In their "Big Ideas 2026" and recent State of Crypto reports, @a16zcrypto crystallized a core thesis: Privacy is the most important moat in crypto. However, the thesis comes with a caveat. The "mixer" model of 2020--2024 (e.g., Tornado Cash) is functionally obsolete due to
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In their "Big Ideas 2026" and recent State of Crypto reports, @a16zcrypto crystallized a core thesis: Privacy is the most important moat in crypto. However, the thesis comes with a caveat. The "mixer" model of 2020--2024 (e.g., Tornado Cash) is functionally obsolete due to