The first thing I went looking for with $DUSK was pretty simple:
Can you have privacy in finance without losing the ability to verify what’s happening?
Because I think that’s where the real problem starts.
On a public blockchain, everything being visible makes verification easy. But imagine being a bank or large financial institution. Do you really want everyone watching your positions, balances, transaction history, or exposure?
Probably not.
At the same time, regulators and auditors still need to see enough information to do their jobs.
That’s the interesting part of @Dusk_Foundation for me.
It’s looking at confidential smart contracts, zero-knowledge proofs and selective disclosure as ways to balance these two sides.
And I think the distinction is important.
Privacy isn’t the same as confidentiality. Zero-knowledge proofs aren’t the same as access control. And selective disclosure isn’t simply “hiding transactions.”
The bigger question I have is: who gets to decide what is disclosed?
If compliance requires certain people to have special access, could that create new centralization or governance risks?
I don’t see Dusk as a finished answer.
I see it as an attempt to solve a problem that public blockchains haven’t really solved yet.
Maybe public blockchains were never too transparent in general. Maybe they were simply too transparent for certain kinds of capital.
@Dusk_Foundation #dusk $DUSK
Can you have privacy in finance without losing the ability to verify what’s happening?
Because I think that’s where the real problem starts.
On a public blockchain, everything being visible makes verification easy. But imagine being a bank or large financial institution. Do you really want everyone watching your positions, balances, transaction history, or exposure?
Probably not.
At the same time, regulators and auditors still need to see enough information to do their jobs.
That’s the interesting part of @Dusk_Foundation for me.
It’s looking at confidential smart contracts, zero-knowledge proofs and selective disclosure as ways to balance these two sides.
And I think the distinction is important.
Privacy isn’t the same as confidentiality. Zero-knowledge proofs aren’t the same as access control. And selective disclosure isn’t simply “hiding transactions.”
The bigger question I have is: who gets to decide what is disclosed?
If compliance requires certain people to have special access, could that create new centralization or governance risks?
I don’t see Dusk as a finished answer.
I see it as an attempt to solve a problem that public blockchains haven’t really solved yet.
Maybe public blockchains were never too transparent in general. Maybe they were simply too transparent for certain kinds of capital.
@Dusk_Foundation #dusk $DUSK