https://hackernoon.com/cypherpunks-vs-regulators-who-reigns-over-privacy

DeFi was built on radical transparency👉great for open access, but unworkable for real finance where every action can be scraped and profiled.

Cypherpunks pushed for privacy enforced by code. Regulators pushed for visibility enforced by rules. Both addressed real risks, but neither extreme fits modern markets!

Full transparency exposes sensitive logic, while total secrecy removes the evidence auditors need to prevent abuse.

🧩The only way forward is programmable privacy:
Systems that reveal only what’s necessary, prove compliance without exposing raw data, and make confidentiality tunable and verifiable.

For DeFi to mature, privacy has to be native to the workflow.

That’s the shift worth building now.