X @mert | helius.dev

vitalik makes the [great] case that democracy could not function without privacyI'd go further and say that markets can not function without privacymarkets, like democracies, need secret ballots — private intent, public outcomeas an example, consider the idea of copytradingif one person with size (or authority) makes a trade to express their view of the market, others copy the trade (with varying size)so the market ends up representing not the aggregated view of individuals but the authority of fewer source ...