The recent surge in ZEC's price has ignited a debate about whether on-chain privacy is truly necessary. Aster, which addresses issues like anti-sniping and strategy exposure at the transaction layer, and Zama, which focuses on privacy layers, essentially answer the same question: must on-chain privacy be completely exposed? Privacy layers aren't about anti-transparency; they're about on-chain privacy without mandatory disclosure. Disclosure is an option, which has implications for institutional trading, DeFi market making, and future agents.