No t-addresses are counted.
The goal is to develop a privacy-respecting proxy that could reflect
- transaction volume (how often people are using shielded spending)
- and breadth (how many different people/notes are actively using privacy).
This would give us a guiding metric to track overall ecosystem health, compare project impact, and ensure strategic alignment, a true “hedgehog concept” (inspired by the book Good to Great by Jim Collins).
Because shielded transactions are fully private, we simply cannot directly count individual private-to-private spends the way we can see everything on t-addresses. This is why a proxy is needed.
I see it first as a north-star principle for choosing and prioritising grants.
Later, we can explore practical ways to measure the incremental contribution of individual projects and build a transparent dashboard.
I’m fully open to collaborating with the community and builders to refine exactly how we implement this. The important thing is that we move toward a single metric that rewards private usage.