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Crypto Privacy Game-Changer of 2026 🦉
Recorded: Jan. 27, 2026 Duration: 1:01:30Space Recording
Short Summary
In a recent discussion, industry leaders emphasized the critical role of privacy in the evolving crypto landscape, with projects like iExec RLC and Cody Protocol unveiling new initiatives aimed at enhancing privacy solutions. As regulatory pressures increase, the demand for privacy-focused technologies is set to rise, with innovations such as Anyone Protocol's onion routing network and SilentSwap's non-custodial methods leading the charge.
Full Transcription
Thank you. Thank you. Oh Thank you. Hey guys, welcome to a silent swap space hit the new post up at the top with a like comment or
repost and we'll make sure to uh get started here on this privacy topic specific space in
just a second we got some great speakers with us today, brand new faces
that are joining us. So that's going to be exciting as well, as well as Papa Stonks and
everyone else. But repost the new space link and we will get started when the room gets full. Let's
go, guys. Thank you. all right um whoops here we go so i see that uh okay we did we get iExec RLC up here or are you still struggling to get up?
That's me.
I'm going to speaking from my personal guys.
Okay.
Fantastic.
All right, guys.
We are here with our silent swap space.
Today, we are talking about crypto privacy game changer of 2026.
That's what I started the space title as.
It was originally just going to be
about silence swap and what we're doing over here but uh thanks to a good friend mutual friend we
managed to build a really great privacy uh general space with three amazing projects
so i'll go ahead and pin up who those projects are it will have the old space link so um ignore that
but uh that way we could just reference back to the three
projects that are joining us with me as always is my co-host papa stonks what is happening brother
what is going on man um you know i think definitely uh with the news coming out of
you know the netherlands and everything privacy is going to be a very hot topic for a lot of folks around the world.
So definitely glad we have something like Silent Swap, but excited to hear about some of these other projects and see what they're bringing to the table.
Yeah, absolutely.
And we will kind of go through and
get a brief introduction from each of these projects. I remember, guys, the purpose of this
space is an educational panel on privacy and Web3 and cryptocurrency, as well as privacy in general
as a whole, Web2 overlap. There's a lot of overlap in topics we can talk about.
So we will get some brief introductions from these other speakers and just a really brief description of the organization they work for and what they do. We'll keep that brief and then
we'll jump right into the meat and potatoes of the topics that I have kind of laid out in front of us.
If you like what you hear today, please throw a follow on SilentSwap. So SilentSwap, for those of you guys who are not aware, has built an amazing product at SilentSwap.com and an SDK to go with it for projects to integrate a privacy toggle into the back end of their dApps that they build to basically obfuscate their transactions and retain the privacy of their contract address that has all their funds in it.
Now, the reason you want to do that is a lot of reasons, you know, most of all, to protect
yourself from nefarious actors or people that you don't want to see your wallet.
And we'll be jumping into this topic about privacy as an inalienable right.
Inalienable, inalienable right I can't say that word right now, but
you got me, guys. So that's what SoundSwap is all about, and a lot more to come on that as well.
But let's get to some of our other newer speakers for those of you guys who don't know.
So I think, Ricardo, you were speaking for iExec, or was it Amateo?
Yep, that's me.
Okay, yeah, if you just want to give me a brief, like a minute introduction to yourself,
as well as what iExec RLC is doing, that'd be cool.
Sure, thank you so much again for inviting me to the space.
So yeah, just to sum it up, basically iExec launched back in 2017,
so we're kind of OGs within the space like uh most
of the members here and we're an evm based infrastructure for confidential computing
so we provide tees or trusted execution environments to projects or users through easy to use and
integrate you know tooling so we provide privacy tooling for developers and projects to integrate them.
And yeah, basically our whole eight, seven years, you know,
building within privacy, shipping privacy tooling.
And currently we launched our 2026 roadmap,
which is going to be focusing a lot on DeFi and also on RWA.
So basically mixing privacy with these two hot topics, which are currently trending within the market and need a little bit of privacy.
And I think a lot of people also are doing that.
but we think it's the right option as you know when it comes to assets what is the most valuable
assets that somebody can have it's basically money and you should add privacy where your
money is this is a code that i usually say um and yep that's it thank you yeah absolutely man
throw a follow on ricardo as well as i execC. Also, I would argue that the most valuable resource is the military.
But hey, that's just me.
Money's a close second.
I would choose a military over money.
We got Amateo from Cody Protocol.
Hey, thank you guys for having me.
I'm really stoked to join the spaces.
Thanks for hosting.
And nice to meet all
of you guys who are tuning in a lot of new people. I'm Amateo, a CMO here at Cody. And the way that
you can think about us is we are the programmable privacy layer for Web3. We developed our own privacy protocol that powers our flexible and compliant privacy blockchain, and that's called Garbled Circuits.
I'm excited to talk about this today, and the kind of way that we're approaching this is twofold. their inalienable rights, if I could get that word out myself, around privacy, but also
solving this giant bottleneck for enterprises and institutions to enter the space who need
programmable privacy and selective confidentiality in order to actually bring their assets on chain
and to build the future of tokenization.
And I'm excited to talk about that more today
and kind of what that means and what this bottleneck is
and why we believe, and I believe personally
that privacy is the game changer
and this is the year where it goes mainstream.
Absolutely.
And last but not least, we have Anyone Protocol. What protocol what's up hey how's it going uh let me
know if you can hear me clearly yeah man you sound great amazing well thank you so much for arranging
this space uh i'm neuratic i'm one of the founders one and in really brief terms we've heard some
from some amazing projects that primarily deal with privacy on chain which is obvious why that's important
we actually deal with privacy at the network level so we've built something called an onion
routing network which protects things like your ip address and your location
oh yeah now we lost you oh no no i just i pulled on them
plug it back in.
Let me know if that's clear again.
Yeah, yeah, you're good.
Essentially, take this technology and apply it to a far wider range of apps so that every product you use, whether it's a wallet, whether it's a browser,
whether it's an AI agent, protects your IP address and your location in a way that's completely seamless. So
we see ourselves as very complementary to many of the projects that are here on this call,
and excited to see what we can do with that. Yeah, absolutely fantastic, guys. So yeah,
let's just jump right into the discussion. I do have to be out at the end of the hour as I have an actual meeting after this. So now that's not, that's normal. Papa Stonks is probably laughing back there because
I always end at the hour anyway, but this time I actually really do have another engagement that
has to happen. So we'll just jump right into the topics. The first topic I wanted to talk about
was the tension between true self-sovereignty and real-world compliance pressures. So we've seen the goalposts constantly moving when it comes to privacy in Web3 and crypto,
and it kind of leaves a lot of us guessing.
So my kind of question to the panel here is, how does your organization work around those
moving goalposts, and how do you see compliance as a potential hurdle or maybe even
like something that you're completely fine with when it comes to offering privacy to users?
You know, because obviously we've seen a lot of litigation against mixers and other things
like that.
So how do you guys handle that?
And how do you educate yourself on what even the laws are?
And how do you educate yourselves on what even the laws are?
Yeah, anyone can feel free to raise their hand or just jump up and speak.
Cool. I can just jump in. So I think the way to think about this is individuals have obviously a right to privacy.
And that right to privacy is under threat from government
surveillance. We're all being monitored all the time. And AI is only making this entire reality
of our digital lives become more exposed through things that can monitor us in a way that humans
in a back room never could. And so there is the two, it's a good question because there is the need to bridge the right
of privacy and the ability to protect it and the compliance regimes that are showing up
all over the world.
There are areas where it's a little gray, but I think that the best way that we're thinking about this is essentially it's based on you having the right to participate in different ecosystems,
on different enterprises, in different institutions that are all going to be available on chain,
and that your information will be held private, and only the information that needs to be revealed by those
compliant institutions receive it. Ideally, the majority of it is obscured, so that it's just
being verified at the compliance level, whether you're compliant or not. But that really depends
on the institution that depends on the government that depends on the policy that you're interacting with. So the way that we think about this is that because it's so
dynamic across the board, you actually have to break that down to the user level. What
are you choosing to participate in? What is the data that's going to be exposed? How does
privacy protect you in this environment? But overall, we've had the benefit
of this like on-chain public world,
but as it becomes more normalized,
it becomes more adopted,
as we're able to take this and participate
in a greater global economy,
compliance isn't going anywhere.
So we actually have to use privacy to protect
users' rights. We also have to use privacy to actually make this on-chain economy usable
by these institutions. And so it's a divide that has to be bridged, and that can only be bridged
through selective and confidentiality that people have the ability to understand what's being held by confidential parties and what's being revealed to whom.
So it's a complex problem to solve, but it is one that is being solved through the technology.
Yeah, absolutely. And anyone else can jump in here as well. But I would also add that when it comes to what the compliancy is, that is a moving goalpost as well. And a lot of us are sitting waiting on the sidelines for legislation to even determine how to even be compliant. Definitely opens up a big problem within the DeFi privacy sector.
Yeah, absolutely. And anyone else can jump in here as well.
And yet, nonetheless, there has been some recent wins, I would say, within the court systems and then some ties or kind of losses. But we've seen, you know, major, major organizations like Zcash and Monero and stuff try to kind of take legs up in the recent meta as privacy is becoming more and more important.
Go ahead, Ricardo.
Yeah, just to add to Mateo's answer, you know, there's a huge difference and misconception within the market when it comes to privacy tokens and privacy infrastructure.
So when we talk about privacy tokens, you know, like Monero or Zcash, it's totally different from privacy infrastructure.
It's totally different from privacy infrastructure.
And I can speak from our personal technology, which is utilizing TEAS or trusted execution environments.
When you think about them, they're basically encrypting and decrypting data.
And we focus on keeping sensitive data private by default, but also still allowing the admin or the developer that is utilizing the enclaves
or the confidential computing stack to allow verification, auditability, and also compliance.
So he can basically whitelist any governmental entity or financial entity to see this encrypted
data and give them access. So this is when it comes from a privacy infrastructure
point of view and this is how i exec is currently dealing with that um and you know when it comes to
also the regulations uh from our geographic positioning we're actually in france so when
it comes to france and europe you know you have all these regulations when it comes to data, privacy, etc.
And thankfully, we're compliant with all of them, which enforces also our mission.
And, you know, the security and the trust layer for our infrastructure.
Yeah, man, those are some definitely some good points.
I don't know if you cut out there.
Go ahead, Papa Stantz.
I was just going to say, and he kind of um you know just brought up a good
point at the end of that you know they're in france their company's registered in france but
their product is global so how do you really you know stay compliant um across the globe
without just following or adhering to the strictest compliance that you can find.
Again, just to mention, whenever a developer or project wants to encrypt, decrypt data or integrate
teas within its business model, the EVM wallet address of the developer or the admin is whitelisted in order to utilize our infrastructure.
And this way we keep or fed off malicious actors who want to utilize privacy for malicious or illegal reasons.
But at the end of the day, we don't have any type of access.
We cannot see what is happening.
We don't know what's happening.
But we know which project is utilizing our infrastructure. And if somebody flags that
this project is malicious, we will do our due diligence and also do the required.
Yeah, I think that's generally the best approach approach kind of make it so decentralized that really
there is no single institution that can really be held accountable i mean some very extreme examples
like roman storm aside it seems to be you know the safer situation that you can say you will
give anything up to to relevant enforcements and governments if they ask but none of that is enough to de-anonymize any user.
I think that should always be the goal for any protocol.
Yeah, is there some world, though, where, you know,
the idea of compliant privacy always leads to centralization and betrayal?
And, you know, is it worth sometimes, is the value of privacy,
almost like in an argument for the Second Amendment as well, is the value of gun ownership, like, come allowed and what is complicit and truly true decentralization? I think, again,
if you're looking at some of the mixers, then you reach pretty deep levels of decentralization
on one end of things. But if people can just ask for the data, then you never really had privacy
to begin with is one of the arguments against any sort of regulations around it.
Well, I kind of make the argument that that's still on the user.
You know, you are docking yourself when you use wallets that are connected, centralized exchanges and everything else that you have KYC'd on.
better connected, centralized exchanges and everything else that you have KYC'd on.
So it's up to you to manage your privacy at the end of the day in a decentralized world.
Yeah, but I guess what the argument I'm making is whether or not an organization, a protocol, a DApp,
should be allowed to truly offer full anonymity, including in face of a government subpoena where they could
say, I don't know who, you know, the D app creator can say, I don't know who it is. And it brings up
this bigger question of freedom to code as well. Yeah. And I think, you know, Ricardo said it best,
basically, if you don't have the information, you can't give the information. So keeping it
as decentralized as possible
you know they cannot force you to give information that you do not have
exactly and you know the thing is it's not to be anonymous you know like being anonymous means
hiding all your checks and just hiding all the time or living basically off the grid and i don't
think nobody anybody wants that
unless they're doing some illicit activity what we're saying is currently in the market what
needs to be done is have privacy by default and also auditability and compliance at the same time
so I can hide my tracks but also if any governmental entity or any person that needs to access my trail,
I can give him this access due to various reasons.
So this is the whole idea.
It's not about hiding something.
It's about staying transparent, but also private at the same time.
Yeah, I really like what Ricardo is saying here,
because on one end of the
spectrum, if you have like a completely exposed, fully compliant system, and on the other end,
you have a completely anonymous system, which has its own ethical arguments, which I do hear
here and totally respect, the more anonymous you are, the more removed you are from the system.
And so people have historically looked at an anonymity
as a way of sort of opting out.
But what privacy is reaching is sort of a hybrid model,
is the ability to maintain a certain level of anonymity,
exposing just the absolute essential credentials to meet
compliance requirements while still protecting someone's private information. And so that they
can get the verification of hitting various requirements. So I think while there's an ethical argument to be made on sort of the overall right to
privacy and maybe deeper, the right to anonymity, I think that it's really about the individual's
level or the enterprise's level of participation.
And the more that you want to be involved within the system, the more you need a
system that uses the latest in privacy technology to protect these things while still meeting the
requirements. Yeah, absolutely. And it does bring up also what Papa Sonk said, which is, well, what
if one country's requirements are different than another's, then you to code you know 30 or 40 different options for different nations uh and and again you know a lot of times if you're trying your
best to be compliant uh does another organization that's decentralized truly like kind of just
launch a competitor product that's completely non you know and then hits that other side of
that market go ahead pop the socks um you know so as far as that goes yeah like i said you know and then hits that other side of that market go ahead papa socks um you know so as far
as that goes yeah like i said you know in a global market you want to try and you know stay within
compliance of the strictest country um but at the end of the day as long as you are licensed and
compliant in the country that you're registered in, it's still decentralized and you
cannot stop or, you know, you can put IP blockers on your product. You can do this, you can do that.
But, you know, we've all got VPNs, right? So, you know, in a decentralized world, if there's no KYC,
then, you know, they can't really stop people from using it. But, you know, like with Tornado Cash,
people from using it. But, you know, like with Tornado Cash, obviously he was charged in multiple
countries. And why is that? Because he did not have it licensed or registered in any country.
He went full rogue and we're kind of seeing the fallout of that within his court case. And best
of luck to him, obviously, in my opinion, I do think that
a win for him is a win for privacy. Because again, I think everyone on this panel, my guess is that
we would like to see legality trend towards more freedom being in this space. Although maybe I'm
wrong on that. All right, I'd like to ask another question. How does AI affect privacy and potentially
put people at privacy at risk? And also on the flip side of that is, are any of you guys using
privacy for, you know, what you're building? And if so, kind of how? I'd say AI, just the speed,
you know, it gathers all the same data or information that we can find
on our own just at a much faster
pace. I'm more likely
to give up trying to find
and dock somebody
doing it manually than with
the help of AI, I guess.
Yeah, absolutely. And anyone else can
speak to AI if you're using it
within your protocols and your technology. And if so, how? for governments or surveillance monitoring agencies to deploy millions of surveillance
agents that dig in and monitor people's digital lives, the way that they interact with the
physical world.
So it really elevates the threat to privacy for individuals.
We've already been so exposed with our marketing
behavior through digital advertisements and everything else. Everyone knows the
depersonalization that all of these companies have within us and on top of us. So that aside,
that's kind of the threat-based question of AI. How are we using AI? You know, AI has tremendous
benefit to us. One of the ways that we're doing AI is being able to bring the latest in Vibe
coding tools so that our token holders, our community can actually just become builders
and helping them get over that hump to become builders using privacy tech,
using all of these AI tools that automates it, makes it super simple.
So building and coding has been very hard.
Now AI has made it easy.
Privacy has been very hard, but now AI can make building dApps, apps,
but now AI can make building dApps, apps, creative applications, unique games, and use cases all enabled with privacy.
So that's one way that we're really leaning in big and that we're very excited about.
It's not just what we're using to sort of automate our code infrastructure, our marketing stack with AI, which we do a ton of,
our code infrastructure, our marketing stack with AI, which we do a ton of,
but really how we can leverage AI for the community is the thing that we're probably most excited about.
Yeah, I love that answer. Anyone from Anyone Protocol or Ricardo as well want to speak on the subject?
Just something that came to mind from what Amateo just said, and if you don't mind
me extending a little bit beyond what we do to the actual origin of privacy as we understand it.
One of the ways privacy was actually first defined through the late 90s and early 2000s,
when people really started to say this phrase violation of privacy was by a researcher
called Solov and he defined privacy as by defining the actual harms that come when privacy is
violated and one of those violations of privacy he called it aggregation in other words you take
information which is already known and already public but if you combine different pieces of
public information in a way that the user never expected them to,
that in itself is a violation of privacy.
And you can think of examples,
if you're walking into a store or use a certain website,
if that information, even if it's public,
gets in front of your employer,
gets in front of your family, that's a violation.
And unfortunately, AI enables an entirely new category
of privacy aggregation, which I think is very interesting that it is formally defined as a violation.
And it's definitely a risk to privacy as much as it's a very useful tool.
And people seem to be letting them in to their own homes and onto their own computers.
I'm sure everyone has seen, I think it's called Claude with a W, this very popular home assistant, where the entire idea is to give it as much access as possible for it to make your life easier and automate things for you.
Hopefully, with technology such as ours, which kind of creates a bit of a safeguard and protects
your IP address and location from the server that's doing the AI query, we can start to
fight back a little bit and create privacy-safe? Because right now it's a very, very scary level of access that people seem to be giving
to AI.
Yeah, that's a really good point.
And there's also a broader point around digital IDs or like digital chips or sorry, yeah,
that people are talking about within, I think it's been a conversation in UK and Europe and several different areas where, you know, okay, so in the case that you're mentioning with AI, you're giving all of your data, everything you can, it's actually the goal to give it as much data as humanly possible. And then what are they doing with that data? Where do they store it? Who owns it? And those are kind of the questions and risks, right? So it does feel like a lot of us are in this battle where everything is becoming more and more
monitored and technology allows things to become more and more monitored. And on the bright side,
yeah, it can stop crime. But on the wrong side of it, it can also start to infringe on your
personal liberties and freedoms. So really good points
there as well. Ricardo, go ahead. Yeah, thank you. Exactly 100%. Like I'm agreeing with
everything that's being said. But you know, again, like AI is basically what you feed it
when it comes to data and also how you utilize it like you know
five years ago like i'm not a technical person i'm not a developer five years ago i would have
never thought i would understand like a big piece of code or like a github repo what's happening
like i'm a business oriented person i've never read the code but like i'm currently utilizing ai
you know just to facilitate all these codes
and technical stuff and business terms in order so i can understand them and also do my daily job
for example like we've seen last week that the x algorithm is currently open source
and you know as i mentioned i don't have a technical background. It was really easy just, you know, to copy paste the code, run it into copilot and just ask it, ask it normal prompts, ask questions to better understand how it runs.
You know, so this is something that took one hour of work that five years ago would take, you know, maybe three weeks of developer business relations just to understand how the algorithm works
and to put actions into play.
So I'm just saying that AI is good.
It gives you more productivity.
It shortens the time that you need to spend on a certain task,
but also you need to know how to utilize it.
And when it comes to privacy
and the intersection of privacy and AI,
there's something called confidential AI. That's something we really lean towards in 2025, where, as Is, and you can train an AI model inside the CPU, which is included also a confidential computing software, and basically shield it off or isolate it from
the outside environment or any malicious actors. And this does not only, you know, come into play
when it comes to the machine learning, but it also can come into play when it comes to the machine learning but it also can come into play when it comes to the model uh the data uh you know the training and also the
result so in the whole you know uh ai pipeline you can choose either to protect or keep private
certain aspects of it or the whole ai pipeline which which starts you know from the prompt
from the prompt until the result, etc.
And just keeping it simple when it comes to prompt and result,
because I think everybody here uses ChatGPT or Copilot, etc.
Instead of going deeper into machine learning and algorithms and all that.
So yeah, AI is good.
Just know how to use it and don't give it too much,
because as much as you feed it, it's going to know even more.
Is it good? Is it bad? Depends on the data that you give it and how you use it.
Yeah, man. Good points. Well said.
Anyone else from the panel have a topic on AI? If not, we can move on to here.
I'd love...
Yeah, I'll just...
Yeah, go ahead.
Go ahead.
No, you're...
Oh, okay.
All right.
I was just going to say,
there was a couple really interesting aspects
to what OpenAI is doing
that I think is sort of a signal
of where things are headed.
There's two things that they're implementing.
One is ads, right?
So they're going to be implementing ads
because over 95% of their user base is completely free
and the free tier, they're not paying to use OpenAI
and it's costing them billions of dollars in CapEx
and data centers and compute and inference.
So what's the result of that?
That means that the ads that are going to be served up through ChatGPT are going to know these people who fed it to the previous speaker's point,
all of their ins and outs.
If they've been using it as a therapist, they've been sharing their dirty little secrets. If they've been building innovative ideas, it's going to know everything about their interests, who they are, and it's going to have used all of its intelligence to build a hyper-personalized type for you that it can serve up these ads that are going to be very difficult for people to not
be inclined to click. So, I mean, I just think that that shows a little bit about the trend of
where this is going using AI and why privacy and AI is going to become increasingly important.
The other piece of this is that ChatGPT also put out a statement that if you innovate or build a technological
breakthrough, you invent something on OpenAI, that they are going to have some kind of rights
over your invention, which is extremely, I don't know, it's malicious to me that you could use
their tool and that they could own what you produce with it.
So ultimately, there's a lot of downstream effects of what something like this can do. But I think when you look at this, it shows an increasingly large argument for privacy
when it comes to AI.
That's not being solved in any concrete way in many aspects, but it gives you an insight into what's coming.
Yeah, those are really good points as well, man.
I feel like when it comes to AI and the brute force algorithms, I guess I do worry about a future where my social media account, which maybe you know, maybe I use to troll people online,
is connected with my social media account that I use to connect with my friends and family.
And that's connected now to all my wallet addresses, the address of my home, my social
security number, all my behavior. And then, you know, a regulatory framework can come in that says,
hey, this certain type of activity isn't allowed.
And now they scan everyone for that activity.
And then all of a sudden you're on a list somewhere you've got a target on your back.
And so that's on the government side of things.
On the local side of things, can people use individuals, use that same AI technology to basically get people's passwords, for it to guess people's passwords, to figure out where you're going, all your addresses.
And then, you know, they kidnap you, which you've seen a lot of crypto kidnappings recently because people need their information.
Yeah, I mean, brute force, people already, you know, still have been attempting that for many years with or without AI.
AI is going to, you know, definitely speed up the process a little bit.
But without the quantum computing, you know, it's not going to be, you know, something that's going to happen fast at all.
Yeah, but even AI is speeding up the development of quantum computing, speeding up everything, right?
It's made everything move a
lot faster, but maybe not necessarily brute forcing someone's password. But what I mean by
that is just AI basically being able to triangulate and start to figure out more and more
information about a target, you know, and then using that target to kidnap them or to steal
or to figure out when they're home to break in their home.
And again, bring it back to Web3 and cryptocurrency to figure out what their assets are. Oh, now I
know all your wallets. Now I can copy trade you. Now I can do this. So there is that fear. But
with any new development that comes with nefarious use or even government overreach,
you know, as we saw with NSA and Edward Snowden in the America trial,
you know, there's also comes with using it as a defense. Like, how can you use AI to protect yourself from AI? And it does become this cat and mouse game, kind of like penetration
testing and hackers. Go ahead, Ricardo. Yep, I just wanted to add that you brought up a really important point, which is quantum computing. And I think if quantum computing is actually in production and into play, nobody's safe, not even AI, you know, like it won't matter if you utilize AI.
two-factor authentication i don't know if whatever you use you're susceptible to being
you know being targeted uh and we're saying currently you know like i don't want to open
up a new topic but like i've seen today a lot of blockchains and also foundations and projects
actually capitalizing on quantum computing notably with the ethereum foundation creating a dedicated
department on research and development for quantum computing
and also hopefully integrating it within their infrastructure or the blockchain.
Also, we've seen Optimism share an article regarding their vision, also engagement regarding confidential computing.
So I think it's a problem that's currently known within the market
not a lot of players understand its gravity and its importance and i see it honestly as a trend
following alongside privacy in 2026 where privacy protocols infrastructuresructures, I don't know, tools, coins, need to have a dedicated quantum secure plan,
or at least an idea on how to implement it within the protocol.
You know, I always find it amusing when you see people making the argument against crypto
because of the quantum computing, like, oh, yeah, soon, you know, crypto will be dead because of quantum computing.
And you know what? Crypto is the least of your worries. Your bank account, your stock account, they're all gone, too.
So, you know, I don't know what kind of argument you're trying to make here, but it's a moot one.
Yeah, actually, to be honest with you, cryptocurrency might be one of the safest places in light of quantum computing because you can start to create quantum resistance ahead of time in new blockchains, even modifying old blockchains.
I mean, Bitcoin might be screwed, but like, you know, Ethereum could maybe make quantum resistant changes as could uh you
know some of these other newer blockchains that pop up so you know well yeah and yeah crypto you
know they do have the ability for um adaption you know with just doing a hard fork to something
that is quantum resistance and keeping up with the technology you know of the day um the banking
industry and all those those are gonna go through a much rougher transition yeah i brought up d5 dojo
hey is that arian behind the mic hey guys good evening. Great, great topic.
And I agree on what Papa said there.
Like, you know, if quantum computers, you know, do come,
the crypto will be the least that you should be worried about.
There are so many conflict of vulnerable tools and things that we are using in our day-to-day life.
So it's really great.
I think it was Ricardo saying, seeing foundations and chains focusing on that because, you know,
yeah, people are saying like, you know, there is no chance like, you know, we can protect
ourselves from quantum computers, etc.
But over the years, it's been always the same.
There is always something new coming up.
And the same people who are building quantum computers,
the same people who will build tools against, you know, protecting us against it.
So we will always catch up on the other side.
But definitely exciting times ahead in terms of uh development and uh by the way um on the uh sorry i've i joined late and i've been catching up here with stuff but
i was about to say that uh the i exec guys a really great article on the confidential defi
i'm still reading that one awesome yeah well actually i was
thinking about what i was thinking about with the last 15 minutes was briefly talking about how all
of our organizations what gap we see within privacy and uh what you know solutions we are
bringing the table it's okay if there's overlap obviously we're all in the privacy field here so
there's going to be overlap utilities but you know grow better together. So I'll probably go around and just kind of hear what each of these organizations are doing. I know
they mentioned it very briefly in the first minute or so, but maybe a little expanded version on
what they're bringing to the table to help push privacy forward. I'll actually start with
SilentSwap. Guys, every time that you make a transaction, you send tokens to someone and they know your,
you know, your Telegram handle or your X handle, and then you send them. Now they know your wallet
address. So you've given them two top two points of data about you. And it can become more than
that. If you give a cab driver, you pay him in cryptocurrency. Now he knows.
If you give a cab driver, you pay him in cryptocurrency.
Now he knows your wallet address and who knows what he wants to do.
And so anytime you're transacting on the blockchain, on Uniswap, on any of these major DApps, you're giving away a lot of information.
And unless you start a brand new fresh wallet each time, you're going to be giving away
data and putting a target on your back.
And so a big part of that is even if you do start a new fresh wallet, how do you get funds
to the wallet to transact on the blockchain and truly retain your anonymity?
And up until this point, there have not been truly decentralized ways to do it. The mixers are not
entirely decentralized as they, one, they're not compliant. And two, usually your funds go to a
third party in some capacity, as well as a lot of the competitors. So SilentSwap, what it's been
able to do is on-chain. It keeps everything on-chain.
Your funds never leave the blockchain, and it's non-custodial,
and it allows you to retain your wallet address when sending funds to people.
Or if you built a dApp, it can allow your users,
say you're doing peer-to-peer exchanges or transfers or betting or e-commerce or something like that, you can basically allow
one user to send directly to another and retain their privacy with a toggle that gets implemented
on the backend through an SDK. So that's the gap that SilentSwap saw within the market,
that there wasn't a lot of non-custodial, legally compliant, decentralized methods of allowing users to
keep their wallet addresses private. So I'd love to hear from anyone else around a couple minutes
to just explain what gap your organization saw in privacy and what you've done to address it.
it. Just feel free to raise your hand if you want to go. Go ahead, anyone. I love that question,
Just feel free to raise your hand if you want to go.
by the way, because that's exactly how we set about creating the current protocol. We see two
huge gaps, not just in Web3 privacy, but on the entire internet. One is that VPNs have exploded
in popularity, but they still track and log all of your data by design.
And the second issue is that pretty much no app actually has privacy as a built-in feature.
It's seen as the user's responsibility to set up their own VPN or use some kind of private solution.
And we want to fix both of those issues in one big swoop.
We wanted to create the next iteration of the VPN that doesn't have any trust assumptions,
that uses decentralization to divide your data and divide your traffic so no one can actually
track you, and then put that into as many apps as possible. So that's exactly what we're doing
in brief terms at anyone, building the privacy layer, hopefully, for the whole internet.
Great question. Thank you. Yeah, great answer. I love that short point,
like sign me up, because I didn't even think about it. Like, yeah, I use Surfshark, I think it is,
or like, you know, in the past, I've used other ones. But like, ultimately, I don't know what
data they're taking. You know, they, they retain my information. And, you know, like,
if what's the point of using it, if someone has it? I think that's the hard part of a lot of these topics is who decides when, you know, a subpoena comes that you could give the information over.
And when does it start to break into privacy rights?
And is the government necessarily a non-nefarious actor?
No, sometimes they could be nefarious as well.
So ultimately, that's why we
value decentralization when it comes to privacy at least since at silent swap um well obviously
you know and that decentralization is a way to protect and keep things legally compliant as as
long as you're not storing the data of what's happening yourself you're just putting code on
the blockchain and that's part of the freedom of the blockchain that drew us all to it uh so yeah guys definitely throw a follow um on any one protocol i love
that use case and i love the gap that you're looking to solve within the industry uh anyone
want to go next um yeah sure i can jump in um yeah, so basically, as I mentioned, we provide privacy tooling for projects.
And why do we do that?
Because we saw a gap within the market when it comes to user experience
and also ease of use of privacy tooling.
You know, like currently when you talk to a builder or a project,
you talk about the benefits of privacy preserving techniques,
they start to think about how they're going to put a three-month roadmap ahead of them,
what kind of resources are going to be deployed when it comes to the integration, etc.
And we try to remove this barrier with easy-to-use, easy-to-integrate,
with good user experience, privacy tooling.
And we do not focus on only one vertical,
we're vertical agnostic because again,
our infrastructure is based off encryption
and decryption of data.
And data can be anything that comes to mind,
depending how valuable it is to the user or
to the project. It can be a simple you know pdf document or an image or an nft or it can be
something as complex as you know money, tokens, transactions or even you know machine learning
and AI. So whenever there's data that is valuable enough to put effort into encrypting it
and decrypting it, you can utilize iExec. And of course, including with it, this layer of
compliance where you have full compliance when it comes to the regulation and rules.
So yeah, again, like, you know, your imagination is the only thing that's keeping you back.
If you're really interested in privacy, you have an important asset that you want to keep private.
Just utilize iExec, integrate our easy to integrate tools, and we can build together.
And we're always happy, you know, to support builders and projects who have, you know, a real vision and a real mission.
Yeah, thank you.
Yeah, I love it, man.
Really great stuff there.
And again, you're from iExec, right?
So guys, throw a fall on the iExec and Ricardo as well.
Great use case, man.
And being able to help organizations with that helps with the global adoption.
I think that's a big part of this as well.
If we want global adoption of a lot of technology, privacy is going to be a non-negotiable because people don't want to put themselves at risk for using technology. Go ahead, Amateo.
going to share. So we've actually been building privacy tech for several years, and our privacy
tech is currently live. But we saw this big problem that we saw coming, which was essentially
the regulatory environment was going to start to clarify. The crypto and blockchain technology was
going to mature. There was going to be an appetite for enterprises and institutions to onboard into the ecosystem.
But if there was gonna be this massive barrier
where they would have the need to obscure
and maintain confidentiality on all sorts of sensitive data,
as well as be fully compliant,
just like at the start of our conversation,
with all sorts of government bodies and other regulatory requirements. So for that, we're really aiming to be the primary on-ramp
for enterprises and institutions to utilize privacy to come on chain. We think privacy is a requisite
for the trillion dollar RWA market to actually come on chain and tokenize, for banks to actually become digital, for just
like this litany of different institutions. But one thing that we're setting out to do this year
is to actually bring our privacy garbled circuits technology to multi-chains. So we're going to
bring the technology to various top blockchains so that they can embrace privacy, a full stack
privacy toolkit easily and functionally without actually having to move and opening up each
different blockchain ecosystem of dApps to our privacy tech. So that's something that we're
really excited about. One thing that you also mentioned that I'll highlight is we're also very focused on private DeFi.
We have a partner and good friends here called Privix, who's really doing privacy perps at a
whole different level and embracing AI agent automated trading for privacy perps. And to
that sake, we've actually been ranking in the top 15 chains by privacy perps,
or just by perps volume,
which has just been amazing to see the amount of traffic and appetite
for perps and privacy when they're merged together.
So private DeFi, I think, is going to be really big for this year.
Absolutely.
And I think, again, there's a lot that you covered there but the uh ai automated
trading is is another huge big can of worms so so that's great that you guys are uh your partners
there have kind of branched into that and of course offering those blockchains privacy uh tools
is is absolutely important and uh again i think think we're all working towards the same goal,
which is privacy. In my opinion, privacy is freedom, right? Privacy and freedom go hand in
hand. It's like freedom of speech or your ability to say something without being litigated against.
And it's kind of funny. I always kind of made fun of the idea that only America had free speech. I was always against that idea. I was like, no, they have it in Europe
and they have it. But man, when I've learned about the different regulations in EU and the lack of
what we take for granted here in America, there's actually some really crazy regulations
surrounding hate speech, surrounding internet you know, what internet activity and
things like that. And so I'm kind of going off on a tangent here. I'll go to Papa Socks to bring it
home. No, actually, I had more of a question. It was kind of going to be for Ricardo. You know,
Amanteo just mentioned, you know, securities and RWAs and privacy.
And I see from your profile that you used to be with the Algorand Foundation.
You know, Algorand is one of the chains here in the U.S. that I think securities are going to be big on.
So what do you think and what what kind of direction is algo taking their
chain for this if you have any info on that yep uh yeah great question so i can't personally you
know talk about algorand because i'm not really up to date on everything that's happening. But what I know is that Algorand just moved its headquarters to
the USA. And I think this shift from Singapore to USA is basically a statement, an open statement
to the public saying that we're open to collaborating with any type of USA entity,
including the government. And what I'm seeing also on social media is that
a lot of C-levels from the Algorand Foundation are currently having meetings and also discussing
with these targeted entities, which are either financial or governmental. And just to circle
back when it comes to quantum computing, like I did leave the Algorithm Foundation two years ago,
but they did have Falcon Keys and also somewhat of quantum resistance.
And currently also after doing some research this week about this topic,
they also have big plans for quantum resistance.
So I do think they are doing a lot of strategic moves
and you just need to connect the dots to better understand what's coming ahead.
Again, it's not financial advice.
I'm not vouching.
I'm just saying what I'm seeing on social media and also what's happening in forums and talks.
Awesome.
Thanks, man. and talks so awesome thanks man i was trying to trying to squeeze some of that alpha out of you
but i guess you know same thing with uh the privacy situation if you don't know you can't say
um yeah but you know algorand has always been one of my favorite uh you know favorite chains
favorite assets um for years now so yeah pop all right popaston is checking up on his bag is what's
going on here no i mean i think you know the uh well you know cody is um you know providing tools
for uh you know for chains and everything for privacy um you know and then we had algorand
he used to work for alg Garand up here. I thought
it was kind of a great fit to see where that would fit in. No, absolutely, man. I'm just joking,
of course, Pups. Always. I'm going to play for it today. But guys, that does bring us to the end of
this particular privacy space. But I would like to do some calls to action. Throw a follow on
everyone that came up to speak here today, as well as the
organizations they came from. So up there in the pinned posts are all the different accounts that
you should throw a follow on. It's been a great space, been an educational space. The fourth week
of every month on Tuesday at 5 p.m. Eastern, we are going to run more privacy spaces like this.
Every other Tuesday of the week is a different topic, but we always come back to
privacy, SilentSwap being a privacy protocol. And so any of you guys are welcome to come back
next month, same time, same place. And we look forward to having your expertise again as we
kind of maybe move the discussion around privacy to some new areas we didn't talk about today.
So again, guys, my call to action is to follow all these different organizations.
If you run a business and you feel like
you could use them yourself,
feel free to reach out and vice versa
with SilentSwap as well.
So appreciate everyone for joining.
Thank you most of all to the audience.
And again, shout out to the Squid Grow community
who's always here representing
and hyping SilentSwap and everyone else that came.
So thank you guys again for your attendance and Papa Stonks as always,
thank you for helping host.
And we will see you guys next time from silent swap.
And again, much appreciated.
Later guys.
And guys, I did drop a link in the comments.
I tagged all the speakers,
but you guys are more than welcome and you can bring your
communities along with you if you want to continue the conversation at the after party we see in
Telegram. Yep, 100%. Join the Squid Grow Telegram. All right, guys, till next time, next Tuesday or
next Thursday for the Squid Grow Space, we'll see you guys later.
Thanks again to our panel.
Thanks, Saul. Thank you.
