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Feb 04
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LONG
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Azeem Khan
Co-founder of Miden
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Khan states that institutions (JPM, Morgan Stanley, Goldman) are interested in blockchain but require "risk mitigation." They cannot use transparent ledgers where their trades are front-run, nor can they use sanctioned mixers. The "Cypherpunk" ethos of total anarchy is incompatible with global finance. The winners will be protocols that offer "Compliant Privacy"—using Zero Knowledge proofs to verify identity (KYC) without revealing transaction data. This bridges the gap between the $50M+ crypto treasuries currently sitting in off-chain T-Bills and on-chain yield. Long the infrastructure layer building ZK-identity and private DeFi (Dark Pools) rather than privacy currencies. Regulators may blanket-ban all privacy tech, failing to distinguish between "compliant" ZK proofs and illicit mixers. |
The Block
Is crypto still cypherpunk? With Miden co-fou...
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