[ANN] | DUSK Network | Privacy-oriented blockchain for Digital Securities!

[Token Williams]

Don't think so. It may be fast for a small bounce, but after most bottoms we will mosy likely see A LOT of sideways action for quite some time. Remember 2015?

Even if we're gonna see some sideways movement for the next couple of months, that wouldn't be that bad. At least it wouldn't go down any further then. But you can also see it this way. Now probably all the people who bought in Dec '17 and were only in for the quick money left BTC again. 

Wouldn't be bad at all. Indeed, all the easy buck people need to leave. Then we need to go sideways for a long time (maybe a year) for people to forget, and then slowly start climbing again in unison with actual technical progress. Once we start seeing the first couple of killer apps on a smart contract platform or an ETF for bitcoin than we can start getting out of control again. Only to crash afterwards once again.

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[PS92]

Don't think so. It may be fast for a small bounce, but after most bottoms we will mosy likely see A LOT of sideways action for quite some time. Remember 2015?

Even if we're gonna see some sideways movement for the next couple of months, that wouldn't be that bad. At least it wouldn't go down any further then. But you can also see it this way. Now probably all the people who bought in Dec '17 and were only in for the quick money left BTC again. 

But new people for the quick money will enter crypto again, if the next bull run happens. 

Do not underestimate the power of FOMO!

[king_of_alts]

Do not underestimate the power of FOMO!

Oh yeah, that could absolutely be true. The lower the market goes the more potential profit new entrants could make so there could some big time FOMO in a couple of months.

[levyashin]

Why do you think it's a bad thing that token transaction on the Ethereum blockchain are public? I really like that transparancy where you could follow the money in detail.

Public transactions are unacceptable in regulated markets. Think about the consequences of moving millions on an exchange wallet. Even without selling a single asset, just by broadcasting such a tx on an open ledger you can manipulate the market and induce panic selling in a way that is completely illegal.

Yeah, last year many times big transactions caused dump or pump. And even it caused fake transactions. Some whales send big amounts to exchanges or withdraw from exchanges just to manipulate the market. And that can't be on a regulated market.

[o48o]

Don't think so. It may be fast for a small bounce, but after most bottoms we will mosy likely see A LOT of sideways action for quite some time. Remember 2015?

Even if we're gonna see some sideways movement for the next couple of months, that wouldn't be that bad. At least it wouldn't go down any further then. But you can also see it this way. Now probably all the people who bought in Dec '17 and were only in for the quick money left BTC again. 

That would be good for me, in fact i was feeling that the rise would begin in the august anyway. And depending on the curve of that rise, some altcoins will rise as well. In btc.

[DuskNetwork]

So are dusk network allows every project to make their own token and security or will there be permissions?

There is two opinions for it. First of all, it should allow anyone to create its own project.
And second says look ethereum example, it is crowded with spam/scam/unnecessary tokens which is bringing down the value of the chain itself.

So how will dusk network act?

Everyone will be able to launch a token on Dusk Network, however, it's mandatory to be regulatory compliant as AML/KYC registration is build into the protocol.

Won't the network be anonymous?
I think it's a contradiction: KYC and anonymous network.
Can you explain?

To help third parties to meet the legal requirements of their ownership transfer use-case, the Dusk protocol provides optional on-chain operations of white-listing (using Zero-Knowledge Cryptographic Accumulators). In the sensitive case of securities, we are also developing a Confidential Security Token Standard that allows third parties to issue security tokens on top of the Dusk Network (the XST standard). Security tokens implementing the XST will have both privacy (i.e. investment and market positions are not openly broadcasted on the ledger) and Regulatory Compliance data (transfer of these tokens can happen only if purchasers add to the transaction KYC data satisfying regulatory requirements) embedded directly in the transaction protocol.

[DuskNetwork]

Everyone will be able to launch a token on Dusk Network, however, it's mandatory to be regulatory compliant as AML/KYC registration is build into the protocol.

You mean that the person who launch the token in the dusk network has to do build in kyc? (still haven't got a clue how that works). And the person buying the token is probably required to do the kyc by the exchange that trades the token?

We are developing on top of Dusk a new token standard, with configurable confidentiality, which we intend to use to allow issuance of confidential security tokens. Basically the idea is to separate the confidentiality of the cash transactions (thus preserving the fungibility of DUSK) from that of asset ownership transfers, where the purchaser of an asset/security needs to satisfy KYC requirements at protocol level to complete an ownership transfer. The KYC procedure/provider is left to the token issuer and the asset purchaser has the capability of disclosing the transaction details to the authorities, on their request.

[Makkara]

The KYC procedure/provider is left to the token issuer and the asset purchaser has the capability of disclosing the transaction details to the authorities, on their request.

This seem to be interesting or anywhy something new. Is there some built in functionality of dusk which binds an address to the identity?

[pynetx]

The KYC procedure/provider is left to the token issuer and the asset purchaser has the capability of disclosing the transaction details to the authorities, on their request.

This seem to be interesting or anywhy something new. Is there some built in functionality of dusk which binds an address to the identity?

Yeah, it's a really interesting aspect of this project and I also want to know about it.

[martinholly167]

Not yet! First ICO and then later in the future exchanges. But as they say in the video: they need exchanges that are allowed to trade securities.

I read that coinbase is expected to launch security token trading on their platform and im pretty sure the other competitive exchanges will follow.
https://www.cointelligence.com/content/security-token-exchanges-launch-2019/

Coinbase is an exchange and they want to launch trading security tokens while Duck want to launch ititial security token sale and tokens creating on their blockchain like ERC tokens on Ethereum. So they are not a competitors... As Duck not going launch exchange

You should read my previous post carefully, I didn't say anything about dusk will be an exchange competitor.

im pretty sure the other competitive exchanges will follow.

[batako]

Do not underestimate the power of FOMO!

Oh yeah, that could absolutely be true. The lower the market goes the more potential profit new entrants could make so there could some big time FOMO in a couple of months.

The ability to enter into the market on the right time will be needed. Even though fomo could give the good thing, but patient will play a role too.

[wissy]

Both new people and those who return after the hard days. What I am analyzing today is more related to the way Icos behave in bad times, because the financial situation of the market is reversible soon, but the way of acting of each team and the commitment in the projects is decisive

I believe its reversible but there are many people who are afraid of crypto investments now and will stay away. On the other side those who like to gamble, might come out of this crisis with huge profits.

[Frank37]

Both new people and those who return after the hard days. What I am analyzing today is more related to the way Icos behave in bad times, because the financial situation of the market is reversible soon, but the way of acting of each team and the commitment in the projects is decisive

I believe its reversible but there are many people who are afraid of crypto investments now and will stay away. On the other side those who like to gamble, might come out of this crisis with huge profits.

I am sure, if real usecases like ebay or amazon in the history of the new economy will take place in crypto, even these people which are now afraid will enter the market.
I guess, that crypto will be less volatile than the stock markets in the future. 

[MandatoryOption]

Why do you think it's a bad thing that token transaction on the Ethereum blockchain are public? I really like that transparancy where you could follow the money in detail.

Public transactions are unacceptable in regulated markets. Think about the consequences of moving millions on an exchange wallet. Even without selling a single asset, just by broadcasting such a tx on an open ledger you can manipulate the market and induce panic selling in a way that is completely illegal.

Yeah, last year many times big transactions caused dump or pump. And even it caused fake transactions. Some whales send big amounts to exchanges or withdraw from exchanges just to manipulate the market. And that can't be on a regulated market.

Well, okay. I haven't thought about this. This is definitely a downside of the public transactions. Big player can easily manipulate the market only with transactions to an exchange for example, even if they don't have any intention to sell.

[kraterion]

I will be less volatile when we're going to use them everyday, if it's only used for speculation, in a low market cap enviroment (like now, and at 1T total marketcap it's still low) and low volume (20B volume is LOW) you can always expect volatility

[sambuddha]

Don't think so. It may be fast for a small bounce, but after most bottoms we will mosy likely see A LOT of sideways action for quite some time. Remember 2015?

Even if we're gonna see some sideways movement for the next couple of months, that wouldn't be that bad. At least it wouldn't go down any further then. But you can also see it this way. Now probably all the people who bought in Dec '17 and were only in for the quick money left BTC again. 

I agree with you. If the price of bitcoin is in a sideways movement, then there will be a pump on many altcoins. It's fine.

[LastHiT]

This project's discussion is a little bit too technical but I admire the effort of the team to answer questions from the community and clarify things in a manner that is more comprehensible even to non-technical people.

[bitcoin-shark]

even if the value of btc did not go back to short, a period would be enough in which it lateralises, let's say a few months of relative stability in which the investors can regain trust and start investing again
dusk is already competitive, i hope the team can raise the necessary funds to complete the project...

[belechau]

This project's discussion is a little bit too technical but I admire the effort of the team to answer questions from the community and clarify things in a manner that is more comprehensible even to non-technical people.

Actually, the Thread is quite inclusive now, this is an added point for the Team along with those who aim at the investment at some point, the results are already pleasing, and this pushes them to an even better level

[niklasmato]

Don't think so. It may be fast for a small bounce, but after most bottoms we will mosy likely see A LOT of sideways action for quite some time. Remember 2015?

Even if we're gonna see some sideways movement for the next couple of months, that wouldn't be that bad. At least it wouldn't go down any further then. But you can also see it this way. Now probably all the people who bought in Dec '17 and were only in for the quick money left BTC again. 

I agree with you. If the price of bitcoin is in a sideways movement, then there will be a pump on many altcoins. It's fine.

I second the above statements... BTC sort of stable = Alts pumping .
But i rather see BTC go up crazy then go stable and then the alts go crazy.