Privacy is particularly important to get right. As A Cypherpunk’s Manifesto points out, “for privacy to be widespread it must be part of a social contract”. Privacy has inherent network effects, and yet it has received very little attention so far.
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Ethereum Foundation Treasury Policy
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The Ethereum Foundation emphasizes that privacy must be treated as a social contract to unlock its inherent network effects and notes that, although often overlooked in DeFi, privacy is essential for protecting users from digital surveillance, such as front-running, sandwiching and targeted phishing and from physical threats
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