The Bank Customer Analogy
Imagine you walk into a bank tomorrow. You do your banking things like checking your account balance sending money applying for a loan or buying an investment product.
Now imagine every other customer in the bank can see everything you do They can see your balance your salary where your money came from what you invested in and who you sent money to That sounds ridiculous right?
This is where I started thinking differently about blockchain transparency In crypto we often think that everyone being able to see what happened is a thing Anyone can verify what happened on the blockchain That can create trust.
Not all financial transactions are the same A public blockchain might show that a transaction happened It does not understand whether revealing every detail is actually useful or appropriate
A bank does not make every customers financial information public just to prove the system is trustworthy Instead the customer has privacy while people who are allowed to can access information when there is a legitimate reason to do so.
That is the analogy that helped me understand what Dusk is trying to explore with privacy The goal of Dusk is not necessarily to hide everything Dusk is trying to create control over financial information Dusk wants it to be private when needed transparent when useful and accessible to authorized parties under the right conditions
For financial assets that balance could matter more than choosing between two extremes: total transparency or total secrecy Maybe the real challenge is not asking, "Should finance be private or public?" Maybe it is building systems of deciding who should see what. And when
Dusk is trying to do that Dusk wants to make it possible for people to control their information. Dusk is working on privacy
#dusk $DUSK @Dusk $AAPLB
Imagine you walk into a bank tomorrow. You do your banking things like checking your account balance sending money applying for a loan or buying an investment product.
Now imagine every other customer in the bank can see everything you do They can see your balance your salary where your money came from what you invested in and who you sent money to That sounds ridiculous right?
This is where I started thinking differently about blockchain transparency In crypto we often think that everyone being able to see what happened is a thing Anyone can verify what happened on the blockchain That can create trust.
Not all financial transactions are the same A public blockchain might show that a transaction happened It does not understand whether revealing every detail is actually useful or appropriate
A bank does not make every customers financial information public just to prove the system is trustworthy Instead the customer has privacy while people who are allowed to can access information when there is a legitimate reason to do so.
That is the analogy that helped me understand what Dusk is trying to explore with privacy The goal of Dusk is not necessarily to hide everything Dusk is trying to create control over financial information Dusk wants it to be private when needed transparent when useful and accessible to authorized parties under the right conditions
For financial assets that balance could matter more than choosing between two extremes: total transparency or total secrecy Maybe the real challenge is not asking, "Should finance be private or public?" Maybe it is building systems of deciding who should see what. And when
Dusk is trying to do that Dusk wants to make it possible for people to control their information. Dusk is working on privacy
#dusk $DUSK @Dusk $AAPLB