@izrael
Transparency vs. privacy remains a crypto debate.
At Yieldschool, Inc., I handled a user who panicked after a $3k swap seemed to vanish. His wallet showed a $3k loss.
I checked Zerion and DeBank—balance was fine. The issue? A multi-chain swap stalled due to low gas on an intermediary chain not enabled in his wallet, so the UI couldn’t read the funds.
I guided him to enable the chain, add gas, and retry.
This worked thanks to blockchain’s transparency: public ledgers let anyone inspect any wallet.
But consider the LIGHTER airdrop: eligible wallets will be public. Anyone can extract that list.
Harmless? Not if hackers like Lazarus get it. If Lighter delays the claim date, attackers could spam fake tokens mimicking LIGHTER. Users might interact—draining wallets.
Transparency enables trust but also risk. That’s why privacy tokens are surging.
https://x.com/iz_raell/status/2000522658484527429?s=20
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