What if the thing that makes blockchain trustworthy is also what makes it dangerous? Transparency in onchain systems cuts both ways. When an attacker can see your address, your holdings, your transaction history, and your exposure to other protocols, they have everything they need to build a targeted strategy against you. Dan Caspi, CTO at Hypernative, broke this down at Consensus Miami, describing transparency as a ladder with distinct rungs: who you are, how you behave, and what you hold. Each layer of visibility is a potential attack surface. The fix is not less transparency across the board. It's understanding which layer you're exposing, to whom, and whether that exposure serves you or someone else. Learn more at