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

[Token Williams]

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.

I have been on this forum for a long time but, never saw any team interaction with this passion and technical understanding.

that's good, because to me this is one of the more promising projects that have come for a long time.

Security tokens and tokenization of real assets / equities will trigger the next bull run, add security and privacy to that and you get why Dusk will be a prominent ecosystem in the future

Yes, the great time for ICOs is probably over. I guess, we'll gonna see more STO in the future. Hopefully, that will bring back the momentum to the crypto market.

The groundwork is being laid

[PS92]

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.

I have been on this forum for a long time but, never saw any team interaction with this passion and technical understanding.

 We all have problems with technical details but thats why this forum exist so we can share information's from all ends and in the end you can bring all the pieces together. Its hard for a single person to do the whole research.

By reading all the discussion, slowy but surely we can understand the technical details being presented even though we can't grab all of it. At least one or more community members know how to react, then we can follow behind them.

Uhh, its dangerous to follow people. I have seen so many experts which were wrong with their forecasts.
I could have just as well thrown a coin. To look after the experienced members is good, but blind following can lead to big losses.
You need your own strategy and risk managment and the opinion of "experts" should only be a part of this.

Most "experts" are 15 year old kids, in crypto since less than a year, no trading experience whatsoever, who only invested a couple 100 bucks and lost 90% of it.

[Rigorous]

Taking a hint on the phrase authorities, i guess that private information such as source of funding can only be disclose by the purchaser by him self and no other parties will be involve.

I don't know, i reckon the team will explain how it works. what are the step taken in case the information need to be disclosed to the authorities?

The reasons for KYC in crypto are

- The government does not want people to run their own money system free from taxation.
- Banks were jealous crypto was unregulated, eating into their profit. They had a lot of regulations forced upon them after the financial crisis of 2007, the result of years of deregulation.
- Banks again. They want to slow down crypto adoption to catch up and corner the market with their own tech.
- Officially to prevent crime and terrorism, but in reality FUD to get public support for regulations for the reasons above.

Depending on how crypto friendly the country is the steps to take can range from trivial to making your life a hell. Just look at the US IRS, requiring people to declare tax on every crypto transaction.

[martinholly167]

There were some events for the participation of Dusk and his representatives, but I did not see record on the topic, maybe I missed it, and the discussion lengthened. But if there is, please let us know, photos, news, articles

I'd also be very interested to read/see more about this.
Much appreciated if the OP would provide this info.

I agree. I think its a great opportunity for publicity of the project and they should somehow find a way for such events attended by the team to have media mileage which is good for promotion for them.

There are some photos they've shared, you can find it on their twitter https://twitter.com/DuskFoundation/media.
And about articles they have some about their team, partnership, and development update on medium, but no article about attending an event.

[levyashin]

Taking a hint on the phrase authorities, i guess that private information such as source of funding can only be disclose by the purchaser by him self and no other parties will be involve.

I don't know, i reckon the team will explain how it works. what are the step taken in case the information need to be disclosed to the authorities?

The reasons for KYC in crypto are

- The government does not want people to run their own money system free from taxation.
- Banks were jealous crypto was unregulated, eating into their profit. They had a lot of regulations forced upon them after the financial crisis of 2007, the result of years of deregulation.
- Banks again. They want to slow down crypto adoption to catch up and corner the market with their own tech.
- Officially to prevent crime and terrorism, but in reality FUD to get public support for regulations for the reasons above.

Depending on how crypto friendly the country is the steps to take can range from trivial to making your life a hell. Just look at the US IRS, requiring people to declare tax on every crypto transaction.

I think most of the KYC is causing by the ico's don't want to risk it. It is not a clear law that you need everyone's passport and a selfie with it, but they are doing anyway. Because now because everyone doing it, if an ico decide not to make a kyc, people can think of it can be a scam.

Also, probably it is a good way to drop the bounty/airdrop budget at the end. I believe lots of ico is doing just for this.

[Makkara]

The reasons for KYC in crypto are

- The government does not want people to run their own money system free from taxation.
- Banks were jealous crypto was unregulated, eating into their profit. They had a lot of regulations forced upon them after the financial crisis of 2007, the result of years of deregulation.
- Banks again. They want to slow down crypto adoption to catch up and corner the market with their own tech.
- Officially to prevent crime and terrorism, but in reality FUD to get public support for regulations for the reasons above.

Depending on how crypto friendly the country is the steps to take can range from trivial to making your life a hell. Just look at the US IRS, requiring people to declare tax on every crypto transaction.

I reckon the plan of the bank in the future will be to put themselves more and more as a layer between crypto and users, becoming as a matter of fact exchanges

[pynetx]

it would be interesting to see photos and videos of the lasts events where there was dusk, so anyone can launch a new token on the dusk  platform is enough to pass the kyc procedure, excellent...

Yes, I would also like to know more about the token creation process and the benefits of choosing DUSK over other blockchain networks.

[omwibya]

it would be interesting to see photos and videos of the lasts events where there was dusk, so anyone can launch a new token on the dusk  platform is enough to pass the kyc procedure, excellent...

Yes, I would also like to know more about the token creation process and the benefits of choosing DUSK over other blockchain networks.

it certainly won't be a good idea to introduce KYC for token creation. why wouldn't anyone just choose ETH then?

[Frank37]

it would be interesting to see photos and videos of the lasts events where there was dusk, so anyone can launch a new token on the dusk  platform is enough to pass the kyc procedure, excellent...

Yes, I would also like to know more about the token creation process and the benefits of choosing DUSK over other blockchain networks.

it certainly won't be a good idea to introduce KYC for token creation. why wouldn't anyone just choose ETH then?

There are some reasons not to choose ETH, but the most important is imho that dusk can provide much more than ETH.

[matjas]

it certainly won't be a good idea to introduce KYC for token creation. why wouldn't anyone just choose ETH then?

There are some reasons not to choose ETH, but the most important is imho that dusk can provide much more than ETH.

ETH blockchain will still be the most popular choice for most of the project right now but i can see Dusk as a great alternative especially because devs are looking for more diverse and secure blockchains to build their projects on.

[Felipeo]

In my opinion, new projects are quite confused to choose the right blockchain for their utility tokens, all of the current blockchain platforms are having one or the other issues so Dusk has a great opportunity in this market if the current platforms couldnt increase their productivity.

[kraterion]

In my opinion, new projects are quite confused to choose the right blockchain for their utility tokens, all of the current blockchain platforms are having one or the other issues so Dusk has a great opportunity in this market if the current platforms couldnt increase their productivity.

The only troubled one is Ethereum right now (because of scaling-so I add Ethereum classic as well even if they're working on sidechains and other solutions), yet it's the most used

[king_of_alts]

In my opinion, new projects are quite confused to choose the right blockchain for their utility tokens, all of the current blockchain platforms are having one or the other issues so Dusk has a great opportunity in this market if the current platforms couldnt increase their productivity.

The bear mareket is an opportunity for many new projects as the can overthrow the likes of ETH .

[lobat999]

In my opinion, new projects are quite confused to choose the right blockchain for their utility tokens, all of the current blockchain platforms are having one or the other issues so Dusk has a great opportunity in this market if the current platforms couldnt increase their productivity.

Judging by the features that DUSK has to offer, there is a big possibility that they could have a fair share of the pie but of course they ought to deliver a solid platform first. Moreover, following the development roadmap religiously could gain them the community's trust.

[o48o]

The reasons for KYC in crypto are

- The government does not want people to run their own money system free from taxation.
- Banks were jealous crypto was unregulated, eating into their profit. They had a lot of regulations forced upon them after the financial crisis of 2007, the result of years of deregulation.
- Banks again. They want to slow down crypto adoption to catch up and corner the market with their own tech.
- Officially to prevent crime and terrorism, but in reality FUD to get public support for regulations for the reasons above.

Depending on how crypto friendly the country is the steps to take can range from trivial to making your life a hell. Just look at the US IRS, requiring people to declare tax on every crypto transaction.

My guess is that banks will f up that nr3 on that list so bad it's going to be hard to watch without cringing. There will be a meeting with full of buzzwords, and people who make the calls don't know what they are doing.

[bitcoin-shark]

The reasons for KYC in crypto are

- The government does not want people to run their own money system free from taxation.
- Banks were jealous crypto was unregulated, eating into their profit. They had a lot of regulations forced upon them after the financial crisis of 2007, the result of years of deregulation.
- Banks again. They want to slow down crypto adoption to catch up and corner the market with their own tech.
- Officially to prevent crime and terrorism, but in reality FUD to get public support for regulations for the reasons above.

Depending on how crypto friendly the country is the steps to take can range from trivial to making your life a hell. Just look at the US IRS, requiring people to declare tax on every crypto transaction.

My guess is that banks will fuck up that nr3 on that list so bad it's going to be hard to watch without cringing. There will be a meeting with full of buzzwords, and people who make the calls don't know what they are doing.

in fact I think the official excuse is the number 4 to avoid criminal acts, actually they do so in order to tax and slow down the development of the crypto as a method of exchange, but I think all this can be avoided by using only the crypto dusk part
like binance and then change to fiat in another way, sooner or later the domination of the banks will end...

[belechau]

The reasons for KYC in crypto are

- The government does not want people to run their own money system free from taxation.
- Banks were jealous crypto was unregulated, eating into their profit. They had a lot of regulations forced upon them after the financial crisis of 2007, the result of years of deregulation.
- Banks again. They want to slow down crypto adoption to catch up and corner the market with their own tech.
- Officially to prevent crime and terrorism, but in reality FUD to get public support for regulations for the reasons above.

Depending on how crypto friendly the country is the steps to take can range from trivial to making your life a hell. Just look at the US IRS, requiring people to declare tax on every crypto transaction.

My guess is that banks will fuck up that nr3 on that list so bad it's going to be hard to watch without cringing. There will be a meeting with full of buzzwords, and people who make the calls don't know what they are doing.

in fact I think the official excuse is the number 4 to avoid criminal acts, actually they do so in order to tax and slow down the development of the crypto as a method of exchange, but I think all this can be avoided by using only the crypto dusk part
like binance and then change to fiat in another way, sooner or later the domination of the banks will end...

The big question about the end of this domain is, when? As long as the crypt is under risk of certain penalties, we will be limited and oppressed by a system that even distant, if present, and this is depressing

[Token Williams]

Taking a hint on the phrase authorities, i guess that private information such as source of funding can only be disclose by the purchaser by him self and no other parties will be involve.

I don't know, i reckon the team will explain how it works. what are the step taken in case the information need to be disclosed to the authorities?

The reasons for KYC in crypto are

- The government does not want people to run their own money system free from taxation.
- Banks were jealous crypto was unregulated, eating into their profit. They had a lot of regulations forced upon them after the financial crisis of 2007, the result of years of deregulation.
- Banks again. They want to slow down crypto adoption to catch up and corner the market with their own tech.
- Officially to prevent crime and terrorism, but in reality FUD to get public support for regulations for the reasons above.

Depending on how crypto friendly the country is the steps to take can range from trivial to making your life a hell. Just look at the US IRS, requiring people to declare tax on every crypto transaction.

Thank god that is not where I live, I wouldn't know where to start...........

[PS92]

it would be interesting to see photos and videos of the lasts events where there was dusk, so anyone can launch a new token on the dusk  platform is enough to pass the kyc procedure, excellent...

Yes, I would also like to know more about the token creation process and the benefits of choosing DUSK over other blockchain networks.

it certainly won't be a good idea to introduce KYC for token creation. why wouldn't anyone just choose ETH then?

There are some reasons not to choose ETH, but the most important is imho that dusk can provide much more than ETH.

Privacy for one

[Rigorous]

The reasons for KYC in crypto are

- The government does not want people to run their own money system free from taxation.
- Banks were jealous crypto was unregulated, eating into their profit. They had a lot of regulations forced upon them after the financial crisis of 2007, the result of years of deregulation.
- Banks again. They want to slow down crypto adoption to catch up and corner the market with their own tech.
- Officially to prevent crime and terrorism, but in reality FUD to get public support for regulations for the reasons above.

Depending on how crypto friendly the country is the steps to take can range from trivial to making your life a hell. Just look at the US IRS, requiring people to declare tax on every crypto transaction.

Thank god that is not where I live, I wouldn't know where to start...........

In some places that will remain a requirement, whether it is a privacy coin or not. Even if you would use Monero or DUSK in the future to obfuscate your transactions, once you deposit a large amount of fiat money seemingly out of nowhere (a crypto exchange with fiat gateway for example) to your savings account, your bank will warn the tax office and then you got some explaining to do.