Privacy is a fundamental human right, not something that should be treated as complicit in wrongdoing. Yet here's the paradox: for digital finance to function at scale, we need auditability baked into the system.

So how do we split the difference? You can't just pick one and abandon the other.

This is exactly where selective disclosure comes in. Imagine a blockchain system that lets you prove transactions happened without exposing every detail to everyone watching. You reveal what matters for compliance, keep the rest private. It's not about hiding—it's about controlling what gets disclosed to whom.

Protocols like Miden are experimenting with this balance, building infrastructure where privacy and transparency aren't enemies. The tech allows users to maintain financial discretion while regulators and platforms get the audit trails they need.

The real innovation isn't choosing sides anymore. It's architecting systems where both privacy and accountability can coexist.