The Private World Computer | Aztec Co-Founders Zac Williamson & Joe Andrews

Bearish:

• $LAYERTWO - Transparent L2s face fundamental economic challenges due to fragmented liquidity, lack of differentiation, and parasitic relationships with their L1s, leading to inevitable commoditization

  • “Most LTUs are parasitic to their l ones because, you know, you want your own liquidity, as you said. It's fragmented. That's because of the incentives. Right? Every protocol wants its own ecosystem, and they're all largely undifferentiated.”

    Zac·46:43
• $KYC - Traditional KYC providers using ID photos and liveness checks are fundamentally broken by AI deepfakes, while ZK solutions offer superior security

  • “All of the Web two companies are still using kind of pictures of your your ID and aliveness check.”

    Joe·16:10
• $TRADFI - Privacy-enabled DeFi fundamentally threatens traditional banking by eliminating information and capital barriers to entry for providing financial services

  • “If Aztec succeeds, you know, it's creating a network where the barriers to entry for providing financial services crash through the floor.”

    Zac·1:23:12