@TrustlessState You sold your ETH and nobody judged you for it, but now you're started engaging in soft FUD, just like a sneaky, shitty Solana supporter.
I think framing $RAIL as a fee story completely misses the point and the bigger thesis at play here.
Monero, ZCash, XMR all built their own chains and hoped the world would come to them. RAIL built inside Ethereum and waited for Ethereum to catch up.
That's a completely different bet.
Not privacy as an alternative to the financial system. Privacy as a native layer inside the largest programmable settlement network in the world.
Privacy on Ethereum was always the end state. RAIL was just early.
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Ethereum native privacy is accelerating
Vitalik's latest privacy roadmap introduces Kohaku, a toolkit utilizing @Railgun_Project to bake ZK privacy directly into wallets
Combined with upcoming Hegota upgrades like FOCIL and keyed nonces, ETH is moving toward native shielded txs
Railgun’s $RAIL isn’t listed on any CEX:
- Price discovery happens purely onchain
- Relative to MC, mindshare on X, and the recent integration to Ethereum L1, trading volumes are very low (~$3M USD).
CEXs probably worry about compliance.
That’s why it’s amazing crypto managed to build decentralized protocols like Uniswap, where we can access all assets.
P.S. Does using Railgun flag your wallets in Chainalysis Source of Wealth/Proof of Funds reports?
if wealthy elites are scared of govt confiscation (part of ZEC/NEAR thesis), they should also be scared of govt immobilization (it's another form of confiscation)
only Ethereum has survived a nation state attack on privacy (tornadocash), and with Railgun you can do all your banking and investment shielded through DeFi
you will never need to leave Ethereum, you will never need to unshield even while enjoying rich DeFi composability
the best part of a privacy thesis for ethereum is that for those who are bullish the more wall st narratives, well, institutions also value privacy and can come along for the ride and synergize
you will be able to hold shielded tokenized stock for years, and no one will know when you sold it, or you can hold USDC or anything you want
you want your private money to do more than just sit there and cross your fingers the single-asset SoV play holds its value while shielded
you want your private money to be usable, invested, and investable
hence Ethereum/ETH is the ultimate paranoia play -- sanctuary money in a cyberpunk world
https://t.co/KJFZc5h931
Ethereum Foundation just quietly published
kohaku-eth/railgun on npm.
public access. signed build. transparency log.
32 downloads so far.
the privacy layer is live.
most people just don't know yet.
@RAILGUN_Project
The rate of RAILGUN nullifier state growth has steadily increased since deployment. This metric shows how much usage the contracts have and show that RAILGUN is the most active @Ethereum privacy protocol.