Four years ago, pitching privacy to an institution got you a polite "we don't need this right now." @gegelz on the Privacy Show with @catmcgee and @Maxwolfj , on the bet Hinkal made back then, and why it's playing out now. Adoption isn't happening on private chains. It's happening on public ones. So privacy isn't a problem the chain needs to solve. It's a problem the chain's customers need solved. And demand scales with what moves on-chain. Dollars - FX - securities. By the time you're moving real assets, privacy stops being a feature and becomes non-negotiable. There's also a reason privacy chains struggle that has nothing to do with their tech. A chain's real product is signal and trust. When BNY tokenizes deposits on @solana , every other bank has a conversation about it. A privacy chain can offer privacy. It can't offer that. Which is why Hinkal built privacy that works with the existing stack. Any wallet. Any asset. No migration. Private by default. Georgi also gets into what actually changed in the last 12 months to bring privacy into boardrooms, and it isn't what most people assume. Full hour. Worth it