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

[LastHiT]

Is true Decentralization can exist when regulation is must?

yes it is true,they can not.
Regulation is a rule that was set to make a control about something like organization, law, asset and else. while decentralization is a system that have no authority behind it.
it is totally different if we are talking about decentralized cryptocurrency and regulated exchange.

If that is the case, then I can say that in any crypto project, "decentralization ends when regulations starts".

[Rigorous]

If that is the case, then I can say that in any crypto project, "decentralization ends when regulations starts".

As far as I understand DUSK are researching a way to have a hybrid approach, one that combines decentralization with regulatory necessities. Check this FAQ:

Dusk Foundation wants to work with regulators, yet it's building a privacy platform. These two cannot be reconciled - why would a regulator work with a platform that removes government surveillance power?
This is a misconception. In democratic societies, privacy is very well accepted and even enforced at legislative levels by policy makers. An example is the GDPR. Another is the SEC enforcing secrecy to trading bodies in the stock market to prevent price manipulation. The Dusk Network provides the same level of privacy enforced by regulators. Only, it eliminates the “trusted third party” and returns the power of disclosure directly to the user.

For instance, in the case of payment, it is the responsibility of the wallet holder to show the details of the transactions on request of the auditors (by providing a view-key). In the use case of security, compliant confidentiality is achieved with KYC built in the protocol and the use of zero knowledge accumulators to keep the whitelist confidential.

[Token Williams]

[INTERVIEW] Crypto Lark x Emanuele & Jelle

In this interview we dive deeper into the Dusk Network.

• Why confidentiality is important in regulated markets and what technology we are implementing to establish it
• The usecases of Dusk Network
• Details about the node economy of Dusk and how SBA★ is fair, leads to decentralisation and punishes dishonest behaviour
• Why Dusk Network offers a free standard for STO's and why that is what the market will demand
• Token utility and functionality beyond STO's
• Our thoughts on Token Velocity and how to become a Store of Value
• Our sources of inspiration
• How compliance and logic is encoded on the network
• The sale is conducted privately, Ethfinex offers the option for the community to join Dusk through the Ethfinex Token Sale Platform.

Join Dusk on the Ethfinex Token Sale Platform!

How to learn more about Dusk Network
The Dusk Network is a project coordinated by the Dusk Foundation. We are a decentralized ecosystem entirely focused on providing the perfect trade-off between privacy and transparency. Dusk protects privacy and fits regulations in payments, communications and asset transfers.

Please consider joining us at the following media:

• Website
• FAQ
• Telegram
• Twitter
• Reddit
• LinkedIn
• GitHub

Thanks, will ad it to my enormous backlog of crypto podcasts/video/etc

[PS92]

If that is the case, then I can say that in any crypto project, "decentralization ends when regulations starts".

As far as I understand DUSK are researching a way to have a hybrid approach, one that combines decentralization with regulatory necessities. Check this FAQ:

Dusk Foundation wants to work with regulators, yet it's building a privacy platform. These two cannot be reconciled - why would a regulator work with a platform that removes government surveillance power?
This is a misconception. In democratic societies, privacy is very well accepted and even enforced at legislative levels by policy makers. An example is the GDPR. Another is the SEC enforcing secrecy to trading bodies in the stock market to prevent price manipulation. The Dusk Network provides the same level of privacy enforced by regulators. Only, it eliminates the “trusted third party” and returns the power of disclosure directly to the user.

For instance, in the case of payment, it is the responsibility of the wallet holder to show the details of the transactions on request of the auditors (by providing a view-key). In the use case of security, compliant confidentiality is achieved with KYC built in the protocol and the use of zero knowledge accumulators to keep the whitelist confidential.

Just read about Oasis Labs' project. A blockchain focused on privacy as well. Have you guys looked into this project as well and if so, what are your thoughts?

[johnsilver14]

Looks like security token offerings are stepping in the limelight lately. Which is kind of weird when we had a period where almost every crypto project desperately tried to avoid their token being labeled a security. What has happened that security tokens are seen more favorably now?

[jonnytracker]

Either they do not fear legal issues or blatant ignorant about it. Perhaps there is another explanation

[Makkara]

I don't see why should be a problem for regulators the fact dusk is providing privacy and anonymity, for all that matter, as i understand it the point is providing security while transferring important and sensible data.

[niklasmato]

I don't see why should be a problem for regulators the fact dusk is providing privacy and anonymity, for all that matter, as i understand it the point is providing security while transferring important and sensible data.

Well i expect the authorities to start hunting down anything that is anonymous related. These days we are in such system that everything needs to be logged and monitorred.
There will always be a small part of privacy but it won't come easy.

[viljy]

None of them are decentralized, hence there's always the risk of data being given to, for instance, the FBI (whatsApp).

Is that the only advantage? But Telegram also doesn't transmit data to anyone. And will also have its own cryptocurrency for payments. Therefore, you will have to compete with a very popular project.

Telegram is not really secure. they were forced to give decryption keys to the Russian government. Their encryption is also closed source.

Where did you get this information? No Telegram encryption keys have been transmitted and will not be transmitted ever. Telegram is banned in Russia, but still works because it is impossible to block it. At the moment it is the only secure messenger. So I was wondering what the benefits will be DUSK compared to such a serious competitor.
Another very important aspect is the ease of use by people. To avoid any difficulties for the average person.

[wissy]

I don't see why should be a problem for regulators the fact dusk is providing privacy and anonymity, for all that matter, as i understand it the point is providing security while transferring important and sensible data.

Well i expect the authorities to start hunting down anything that is anonymous related. These days we are in such system that everything needs to be logged and monitorred.
There will always be a small part of privacy but it won't come easy.

Seems like they are trying to regulate and limit everything that is related to crypto there days and i am sure they wont stop soon so we can expect them giving hard time to everyone who tries to resist.

[levyashin]

If that is the case, then I can say that in any crypto project, "decentralization ends when regulations starts".

As far as I understand DUSK are researching a way to have a hybrid approach, one that combines decentralization with regulatory necessities. Check this FAQ:

Dusk Foundation wants to work with regulators, yet it's building a privacy platform. These two cannot be reconciled - why would a regulator work with a platform that removes government surveillance power?
This is a misconception. In democratic societies, privacy is very well accepted and even enforced at legislative levels by policy makers. An example is the GDPR. Another is the SEC enforcing secrecy to trading bodies in the stock market to prevent price manipulation. The Dusk Network provides the same level of privacy enforced by regulators. Only, it eliminates the “trusted third party” and returns the power of disclosure directly to the user.

For instance, in the case of payment, it is the responsibility of the wallet holder to show the details of the transactions on request of the auditors (by providing a view-key). In the use case of security, compliant confidentiality is achieved with KYC built in the protocol and the use of zero knowledge accumulators to keep the whitelist confidential.

So as far as i understand is dusk network offering a regulated decentralized private network for sto's. Am i right?

[pumz]

I didn't get the idea of this upcoming allocation of tokens for 200 users. I was trying to understand the content on Ethfinex that if you are winner of draw then contribution in ETH isn't necessary. In straight words If I do participate don't I have to pay anything in case of winning ? I need to read it over and over again because still I didn't get the draw idea.

[Xandan]

When I opened opening page and started to read it was very impressive. Because demand of secure and anonymous tokens didn't decrease and next near it is being expected an increase in it. My question is is presence of KYC condition how effect this anonymity will be when my data will be already shared with exchange ? Isn't here big contradiction in goals and description of features and what is being demanded ?

[the_donald]

I don't see why should be a problem for regulators the fact dusk is providing privacy and anonymity, for all that matter, as i understand it the point is providing security while transferring important and sensible data.

Well i expect the authorities to start hunting down anything that is anonymous related. These days we are in such system that everything needs to be logged and monitorred.
There will always be a small part of privacy but it won't come easy.

I agree here. government doesn't want any market that is untaxed and closely monitored. that's a threat to their existence.

[o48o]

I agree here. government doesn't want any market that is untaxed and closely monitored. that's a threat to their existence.

To my knowledge, the markets aren't untaxed. It's about anonymity of communication, not the anonymity of markets. I mean they have a build in kyc for christ sake.

[lvsca]

I agree here. government doesn't want any market that is untaxed and closely monitored. that's a threat to their existence.

To my knowledge, the markets aren't untaxed. It's about anonymity of communication, not the anonymity of markets. I mean they have a build in kyc for christ sake.

yes, as far as i know all market is taxes. in japan, all market is self regulated but government still take taxes from them. CMIIW

[kraterion]

Looks like security token offerings are stepping in the limelight lately. Which is kind of weird when we had a period where almost every crypto project desperately tried to avoid their token being labeled a security. What has happened that security tokens are seen more favorably now?

Because they're borning tokens specifically labeled as security, previously many devs issued utility tokens (in their minds) which are labeled as security tokens afterwards, screwing up them basically

[magisterr]

I didn't get the idea of this upcoming allocation of tokens for 200 users. I was trying to understand the content on Ethfinex that if you are winner of draw then contribution in ETH isn't necessary. In straight words If I do participate don't I have to pay anything in case of winning ? I need to read it over and over again because still I didn't get the draw idea.

What you mean? As i understand they have crowdsale only for 200 users (5000 usd x 200 users = 1 mln usd - this amount intented for public sale on ETHFinex).

[pynetx]

As dusk is also a privacy focused coin so, how would you guys are planning to tackle the authorities?

[Frank37]

I agree here. government doesn't want any market that is untaxed and closely monitored. that's a threat to their existence.

To my knowledge, the markets aren't untaxed. It's about anonymity of communication, not the anonymity of markets. I mean they have a build in kyc for christ sake.

yes, as far as i know all market is taxes. in japan, all market is self regulated but government still take taxes from them. CMIIW

There are certainly some countries where you dont have to pay taxes, f.e. the Cayman Islands.
fyi https://www.financialsecrecyindex.com