Kohaku isnt just integrating Railgun, so that isnt a bullish signal. I honestly dont understand this take, or how it could be considered bearish for the Ethereum ecosystem. Yes, Kohaku integrates Railgun. But it also integrates Tornado Cash and Privacy Pools. Kohaku is a bullish signal for ALL of these privacy protocols. The combined TVL of these projects sits just above 600 million dollars, which is less than 0.1% of Ethereums total addressable market of over 500 billion. After Kohaku, the entire Ethereum privacy sector could easily 10x or more as privacy becomes more accessible. Arguing over which protocol is ideologically pure is a total waste of energy. Its a losing mindset. A rising tide lifts all boats. I can almost guarantee that a massive Railgun success would lead to even better outcomes for Privacy Pools, Tornado Cash, and the rest. Look at other popular sectors on Ethereum like lending and DEXs. Aave and Uniswap are the clear leaders in their categories, but their success has fueled massive growth for many competing protocols. Its winner takes most, not winner takes all. Finally, its great that Railgun has a liquid token that gives you direct exposure. I wish Privacy Pools had one too. This is a perfect example of how having a token can lead to better outcomes for the entire ecosystem.