At first I assumed viewing keys were mostly a convenience for checking private transactions. But the more I looked at the Phoenix design, the more they seemed like a separate trust boundary. What caught my attention is that privacy doesn’t necessarily end when a transaction has to be inspected. A user can keep the underlying activity hidden publicly while giving another party access to selected information through a viewing key. That sounds useful, but it also moves part of the privacy decision away from the protocol and back toward how those keys are handled. An auditor, institution, or other authorized party can see what they’re meant to see, while everyone else still gets less information. The trade-off is pretty ordinary, actually: selective disclosure only works as well as the process around granting and managing access. That feels closer to how financial records already work than a system where everything is simply hidden. Makes me wonder whether the real challenge is proving privacy, or managing who gets exceptions to it? #dusk $DUSK @Dusk
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