#dusk $DUSK Last weekend I went to that friend’s place again to mooch a meal. His girlfriend was still the same cool, composed type. After my friend got shut down hard last time, he’d been a lot quieter this week and didn’t dare bring up BTC collateral again. But I can’t help it—I started chatting and somehow we got onto Dusk, which I’ve been looking at recently.
I said that the @Dusk project is pretty interesting. It focuses specifically on the path of compliant finance—completely different from all the other schemes out there that do nothing but anonymous “get rich quick.” His girlfriend grabbed a piece of braised pork, didn’t even look up, and asked, “Compliant? Who set the rules for it?” “The Dutch AFM,” I said.
I added that they’re deeply tied to the NPE exchange. This exchange is directly regulated by the Dutch AFM, with plans to move more than 300 million euros’ worth of assets onto the chain for issuance. She finally looked up at me, asking, “Three hundred million… euros? Okay—that scale is something she can understand.”
I went on from there. The best part of Dusk’s setup is that it isn’t purely anonymous, and it isn’t fully transparent either—it lets you choose as needed. For example, if you want to issue an RWA or compliant securities, asset information can be transparent to the auditors, but kept private from everyone else in the market. Deterministic settlement ensures the final outcome of trades can’t change. She thought about it for a while, then said it’s kind of like our hospital’s medical records system: patient privacy needs protecting, but when regulators come to inspect, the data can still be pulled out completely. I said, “Your analogy is more precise than mine.”
Later, she asked a key question: “So what’s the point of its token?” I told her that DUSK is about to go live on the DuskEVM mainnet, compatible with Solidity. At the base layer it uses the whole suite of homomorphic encryption plus ZK, so you don’t have to choose between confidentiality and auditing. After hearing that, she replied, “That basically sounds like a user manual—clearer than the last one that just kept talking in circles.”
You see, it’s the same thing as putting money in and either understanding the underlying logic or just chasing returns. The difference is really that little bit of confidence in your gut. If you don’t get it, don’t touch it; if you do understand, then you can. If more people in this industry were like that—more demanding and skeptical—messy disasters could be avoided by at least half.
I said that the @Dusk project is pretty interesting. It focuses specifically on the path of compliant finance—completely different from all the other schemes out there that do nothing but anonymous “get rich quick.” His girlfriend grabbed a piece of braised pork, didn’t even look up, and asked, “Compliant? Who set the rules for it?” “The Dutch AFM,” I said.
I added that they’re deeply tied to the NPE exchange. This exchange is directly regulated by the Dutch AFM, with plans to move more than 300 million euros’ worth of assets onto the chain for issuance. She finally looked up at me, asking, “Three hundred million… euros? Okay—that scale is something she can understand.”
I went on from there. The best part of Dusk’s setup is that it isn’t purely anonymous, and it isn’t fully transparent either—it lets you choose as needed. For example, if you want to issue an RWA or compliant securities, asset information can be transparent to the auditors, but kept private from everyone else in the market. Deterministic settlement ensures the final outcome of trades can’t change. She thought about it for a while, then said it’s kind of like our hospital’s medical records system: patient privacy needs protecting, but when regulators come to inspect, the data can still be pulled out completely. I said, “Your analogy is more precise than mine.”
Later, she asked a key question: “So what’s the point of its token?” I told her that DUSK is about to go live on the DuskEVM mainnet, compatible with Solidity. At the base layer it uses the whole suite of homomorphic encryption plus ZK, so you don’t have to choose between confidentiality and auditing. After hearing that, she replied, “That basically sounds like a user manual—clearer than the last one that just kept talking in circles.”
You see, it’s the same thing as putting money in and either understanding the underlying logic or just chasing returns. The difference is really that little bit of confidence in your gut. If you don’t get it, don’t touch it; if you do understand, then you can. If more people in this industry were like that—more demanding and skeptical—messy disasters could be avoided by at least half.