When it comes to equity deals, I’ve taken my share of knocks in the over-the-counter world. One year, I was working on a private share transfer with someone, and the other side insisted on seeing my full holdings list, while I wanted to know their funding details. Both sides felt like they were running naked. We were stuck at the negotiating table for two full weeks. He slammed the table and said, how can you set a price without seeing the list? I shot back, if I show you the list, what’s left to negotiate? We had two failed rounds of talks before it finally got done through a third-party matchmaker. The middleman took a cut for doing nothing, and to put it bluntly, both sides’ cards had already been fully read by that intermediary.$BTC
After that, I kept thinking about it for a long time and came to understand one thing: in equity transfers, price is negotiated, but the cards you hold are hidden. Those two are naturally at odds. Later, when I read the design of Dusk Network, I realized someone had turned this contradiction into a real engineering problem to solve—Phoenix keeps the amount and counterparties sealed, Moonlight and Zedger give regulators an on-demand audit path, Citadel handles selective disclosure, and on-chain all you need to prove is the compliance result, not the underlying position details.
I won’t go into the mechanism details of the DUSK chain here. Just talk about the picture of it actually working: one second before settlement, the counterparty is still guessing how much you really have, and all the chain records is a stamp saying, "this deal is fine." That feeling was something I never even dared to imagine in off-chain dealings.#dusk $DUSK @Dusk
After that, I kept thinking about it for a long time and came to understand one thing: in equity transfers, price is negotiated, but the cards you hold are hidden. Those two are naturally at odds. Later, when I read the design of Dusk Network, I realized someone had turned this contradiction into a real engineering problem to solve—Phoenix keeps the amount and counterparties sealed, Moonlight and Zedger give regulators an on-demand audit path, Citadel handles selective disclosure, and on-chain all you need to prove is the compliance result, not the underlying position details.
I won’t go into the mechanism details of the DUSK chain here. Just talk about the picture of it actually working: one second before settlement, the counterparty is still guessing how much you really have, and all the chain records is a stamp saying, "this deal is fine." That feeling was something I never even dared to imagine in off-chain dealings.#dusk $DUSK @Dusk