CryptoQuant analyst Darkfost highlighted a new paper proposing native privacy transactions directly on Bitcoin L1 without requiring a soft fork. The proposal aims to integrate privacy as a base-layer feature, aligning with Satoshi Nakamoto's original vision for the network. Darkfost suggests that implementing native privacy on Bitcoin could significantly weaken the value proposition of dedicated privacy projects like Zcash and Monero. While noting he lacks technical development expertise, the analyst views this potential evolution as a compelling direction that could reshape the competitive landscape for privacy-focused cryptocurrencies.