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# System prepended metadata

title: 'Thesis: Privacy DeFi will become relevant as regulation increases'

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# Thesis: Privacy DeFi will become relevant as regulation increases 

***tldr;*** Given the number of people who want / need to use the internet in a private manner, having all the DeFi happening out in the open will become a problem if regulation increases. At this point, systems built from ground up with privacy will be valued a lot higher by the community

## Questions
* How are we tracking this? 
    * Market cap of privacy coins

* Where will the value accrue?
    * At first glance it looks like the L1 / Store of value, the AMMs and DeFi building blocks

* How big an opportunity is this (Billions)? 
* <s>0-1</s>, <s>1-10</s>, 10-100+ 
    
* Timeframe around this thesis? 
    * <s>Days</s>, <s>Weeks</s>, <s>Months</s>, Years


## Risks
* The larger players are incented *not* to go near it because of regulation, will need to be compelling for them to get across.  

## Implications
This could function as a bit of a hedge against regulation. It's not expected to perform *that* well unless regulation occurs, then it should provide some portfolio protection. 

