#dusk $DUSK
I once watched a friend explain their bank transaction to a group chat screenshot and all just to prove they'd actually paid rent. Everyone laughed it off. But it stuck with me: we have normalized having zero privacy over money and calling it trust.
Crypto was supposed to fix that. Instead it split into two camps chains that show everything and chains that hide everything. Neither works for real finance.
The common story is that privacy and compliance are opposites you pick one, you lose the other. But I think the real issue is not technical it's behavioral. Institutions don't actually want secrecy. They want control over who sees what, when. A company doesn't mind an auditor seeing its books it minds a competitor seeing them first.
That's a different problem than hide everything from everyone.
This is where DuskEVM's approach is interesting. Through Hedger transactions stay encrypted by default balances, amounts, counterparties but the proof of correctness is still verifiable. A Regulator can review when needed. A competitor scrolling a block explorer can't. It is not privacy vs. compliance it's privacy for compliance on tooling Solidity developers already know.
Maybe the real unlock in finance was never More transparency. Maybe it was always controlled disclosure and we just didn't have the cryptography to build it until now.
What would you actually want visible about your own transactions and to whom?
@Dusk_Foundation $DUSK #dusk
I once watched a friend explain their bank transaction to a group chat screenshot and all just to prove they'd actually paid rent. Everyone laughed it off. But it stuck with me: we have normalized having zero privacy over money and calling it trust.
Crypto was supposed to fix that. Instead it split into two camps chains that show everything and chains that hide everything. Neither works for real finance.
The common story is that privacy and compliance are opposites you pick one, you lose the other. But I think the real issue is not technical it's behavioral. Institutions don't actually want secrecy. They want control over who sees what, when. A company doesn't mind an auditor seeing its books it minds a competitor seeing them first.
That's a different problem than hide everything from everyone.
This is where DuskEVM's approach is interesting. Through Hedger transactions stay encrypted by default balances, amounts, counterparties but the proof of correctness is still verifiable. A Regulator can review when needed. A competitor scrolling a block explorer can't. It is not privacy vs. compliance it's privacy for compliance on tooling Solidity developers already know.
Maybe the real unlock in finance was never More transparency. Maybe it was always controlled disclosure and we just didn't have the cryptography to build it until now.
What would you actually want visible about your own transactions and to whom?
@Dusk_Foundation $DUSK #dusk