I like to think about privacy in terms of counterfactuals. Imagine if Ethereum transactions had been private from day one. Now imagine in 2027, an Ethereum upgrade took away the privacy, and now all transactions are public. What would've been the community reaction? It would've been ABSOLUTE OUTRAGE. How DARE you make my transactions PUBLIC???? Isn't that INSANE??? But we don't actually feel that way about our public transactions today. Why? Because humans are very good at getting used to whatever the status quo is. That's why privacy feels like a meh value prop to a lot of people right now -- because all they've ever known is transactions being public to all, they feel it's just fine the way it is, just like people before cars were fine with horses, and people before iPhone were fine with typing on tiny keyboards. It takes real visionaries to imagine what it's like to have something we don't have today, and most people are not that. Mark my words -- in 3 years, we will be marveling at Ethereum's foresight to work on privacy at scale while everyone thought it was a dead end, just like how people 3 years ago thought it was stupid that Ethereum would make something as far-fetched as quantum resistance a core part of the roadmap. That's also why I'm incredibly thankful for the EF -- while we at @ethlabs_org focus on building what builders and users need TODAY, I take constant solace in the fact that there's another incredibly talented and (thankfully) very well-funded org whose sole focus is on investing in Ethereum's long-term vision, including privacy and quantum resistance. Ethlabs and EF are the one-two punch that our ecosystem needs and what will make Ethereum commercially successful in the short term and a civilizational centerpiece in the long term.