been sitting with Dusk's architecture for a bit
N i think i finally found the boundary i almost missed
Everyone frames "privacy" and "compliance" as a spectrum…
like you slide toward one and lose the other (:
that's not what's happening in this play
privacy hides the data. disclosure proves the data.
those are two different primitives
BRB let me take some profit $TUT
not two points on the same dial
a KYC check under zero-knowledge proofs doesn't broadcast your identity
it just proves a predicate is true.
"this wallet passed AML"
without exposing who's behind the wallet
that's privacy doing its job
then separately
a regulator with the right key can pull back the curtain on a specific transaction.
that's "selective disclosure" doing its job
different mechanism
different trigger
different actor
i almost collapsed them into one concept.
"privacy that's also compliant"
but no
it's privacy AND a separate disclosure channel..
running in parallel
not privacy compromising itself to let compliance in.
that distinction matters a lot under something like MiCA
where the requirement isn't "be transparent"
it's "be auditable on demand" .
those aren't the same requirement at all .
so here's the actual question i keep turning over .
is regulated onchain finance going to standardize on protocols that bake in "selective disclosure" as a first-class primitive…
or are we going to keep bolting compliance onto transparent chains after the fact
N calling it good enough??
#dusk $DUSK @Dusk _foundation
#BitcoinHoldsNear$63500
ps: let me book some profite from my long position on BTC
$BTC
N i think i finally found the boundary i almost missed
Everyone frames "privacy" and "compliance" as a spectrum…
like you slide toward one and lose the other (:
that's not what's happening in this play
privacy hides the data. disclosure proves the data.
those are two different primitives
BRB let me take some profit $TUT
not two points on the same dial
a KYC check under zero-knowledge proofs doesn't broadcast your identity
it just proves a predicate is true.
"this wallet passed AML"
without exposing who's behind the wallet
that's privacy doing its job
then separately
a regulator with the right key can pull back the curtain on a specific transaction.
that's "selective disclosure" doing its job
different mechanism
different trigger
different actor
i almost collapsed them into one concept.
"privacy that's also compliant"
but no
it's privacy AND a separate disclosure channel..
running in parallel
not privacy compromising itself to let compliance in.
that distinction matters a lot under something like MiCA
where the requirement isn't "be transparent"
it's "be auditable on demand" .
those aren't the same requirement at all .
so here's the actual question i keep turning over .
is regulated onchain finance going to standardize on protocols that bake in "selective disclosure" as a first-class primitive…
or are we going to keep bolting compliance onto transparent chains after the fact
N calling it good enough??
#dusk $DUSK @Dusk _foundation
#BitcoinHoldsNear$63500
ps: let me book some profite from my long position on BTC
$BTC
Privacy first, disclosure Demd
Full transparency, always
Bolt-on compliance later
Still figuring it out 😘
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