In the race toward Web 3 financial privacy, Secret Network attracts backing from key players
In the real world the world on which the global economy runs we don’t expose every aspect of our financial activity in public. We want to be able to select which parties can access our financial data and under what circumstances for example, our credit history or bank transactions. The problem with the blockchain world is that this financial privacy doesn’t really exist. This has led to pretty bad abuses, such as the practice of “front-running,” where a nefarious person can take advantage of you immediately after seeing your transaction on a public blockchain. What’s required is a real infrastructure improvement to this problem, for, without it, the crypto “Shangri-La” of “DeFi” (decentralized finance) will never have a hope of taking off.
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Our collective sports memory favors the recent and the victorious. All the excitement and beauty and absurdity in a game or a season builds toward one, objective decision: Who won? A player’s all-time best performance or critical play might get forgotten simply because it happened early, or because their team didn’t win in the end. Conversely, fans might overlook your horrific slump or blooper because you DID win. And if the event ends with one big moment, you can pretty much forget everything else. A conclusive buzzer-beater or walk-off shines so brightly that it risks eclipsing everything around it. As time passes, fewer people remember the details, the context, and the array of possibilities hinging on the big play. That iconic moment acts as a sort of shorthand for the whole story preceding it.