- Cardano founder Charles Hoskinson dismissed targeting privacy-focused communities for Midnight‘s launch.
- The new privacy blockchain is set for a mainnet release in March as a partner chain to Cardano.
- Hoskinson’s strategy focuses on the billions of users who need privacy by default, not just dedicated privacy advocates.
- He characterized privacy not as an “on/off switch” as promoted by other chains, but as a nuanced feature.
Charles Hoskinson, founder of Cardano, made a surprising declaration during a Q&A at Consensus Hong Kong, stating that the upcoming privacy blockchain Midnight won’t actively court existing privacy communities. He specifically mentioned not trying to attract users from Monero or ZCash, labeling them as a “different demographic.”
The new partner chain to Cardano announced its mainnet launch is scheduled for March. However, Hoskinson argued that Midnight‘s target audience is vastly larger than niche crypto privacy advocates.
“They certainly will come in their own time, but they’re a different demographic,” Hoskinson said, referring to Monero and ZCash communities. He emphasized the project’s goal is to reach “the billions of people that don’t know they need privacy but give it to them by default.”
Consequently, he framed the prevailing narrative from these established chains as overly simplistic. Hoskinson claimed “What Monero and ZCash have been trying to convince people is it’s like a light switch. We’re private. The switch is on. Everybody else is not. The switch is off. That’s not how that works.”
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