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Topic: [ANN] | DUSK Network | Privacy-oriented blockchain for Digital Securities! - page 63. (Read 145674 times)

full member
Activity: 616
Merit: 145
🚀🚀 ATHERO.IO 🚀🚀
The idea with crypto however would be to use it directly to pay without passing to fiat. If you go back in fiat you cannot expect to just fill your account with undeclared cash.

yep, that's the problem crypto was created to solve. the idea that you have to declare your income is anti-freedom.

Hehe, I would declare my income, but neither the tax office nor the crypto-tax consultants that I had interviewed had the same opinion.
A huge mess, not to mention the way how to note each trade at different exchanges and wallets, airdrops, minting, losses through scams and so on.
Nobody, really nobody could give me a secure answer how to do all this stuff.

If I don't exchange crypto to fiat but I trade only crypto to crypto how can they tax if I didn't touch fiat currencies at all ? And how can they if I trade with privacy currencies ?
sr. member
Activity: 1022
Merit: 252
[INTERVIEW] Crypto Beadle x Emanuele

Another exciting video and this time its not only technical, but also includes a little bit more background and insight into the life of Emanuele, our Tech Lead. Enjoy!


"Crypto Beadles" does a great technical analysis and its a good PR marketing for Dusk. We definitely need more of these at this moment of market. Dusk doing a great job in keeping regular communication with its investors and attracting new users to the community. Good luck.

Nice interview which surely will give a plus point for dusk. And yes, dusk is one of the best project so far and it can be determined by the activity of the team to give us fresh and interesting news regularly.
sr. member
Activity: 476
Merit: 262
EOSABC
[INTERVIEW] Crypto Beadle x Emanuele

Another exciting video and this time its not only technical, but also includes a little bit more background and insight into the life of Emanuele, our Tech Lead. Enjoy!


"Crypto Beadles" does a great technical analysis and its a good PR marketing for Dusk. We definitely need more of these at this moment of market. Dusk doing a great job in keeping regular communication with its investors and attracting new users to the community. Good luck.
full member
Activity: 798
Merit: 115
Great interview, he really explains in details and he really knows what hes talking about although i had some problems with understanding some parts.
copper member
Activity: 474
Merit: 21
[INTERVIEW] Crypto Beadle x Emanuele

Another exciting video and this time its not only technical, but also includes a little bit more background and insight into the life of Emanuele, our Tech Lead. Enjoy!
sr. member
Activity: 798
Merit: 262
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?

In my opinion it could be a good thing also. We don't need tons of shit tokens. By implementing kyc in token creation process the amount of shit tokens could be reduced by a large.
sr. member
Activity: 770
Merit: 250
CryptoTalk.Org - Get Paid for every Post!
The idea with crypto however would be to use it directly to pay without passing to fiat. If you go back in fiat you cannot expect to just fill your account with undeclared cash.

yep, that's the problem crypto was created to solve. the idea that you have to declare your income is anti-freedom.

Hehe, I would declare my income, but neither the tax office nor the crypto-tax consultants that I had interviewed had the same opinion.
A huge mess, not to mention the way how to note each trade at different exchanges and wallets, airdrops, minting, losses through scams and so on.
Nobody, really nobody could give me a secure answer how to do all this stuff.
full member
Activity: 588
Merit: 100
The idea with crypto however would be to use it directly to pay without passing to fiat. If you go back in fiat you cannot expect to just fill your account with undeclared cash.

yep, that's the problem crypto was created to solve. the idea that you have to declare your income is anti-freedom.
full member
Activity: 1064
Merit: 166
The idea with crypto however would be to use it directly to pay without passing to fiat. If you go back in fiat you cannot expect to just fill your account with undeclared cash.
sr. member
Activity: 980
Merit: 276
$CYBERCASH METAVERSE
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.

In my country, they warn an institution called as financial crime investigation commission. They check it first, if you can't tell the source of the money that is a big problem. If you say and it seems you make a profit from something or received money in return of some service and etc., they are warning the tax office which is also problematic.
full member
Activity: 574
Merit: 115
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.
full member
Activity: 644
Merit: 101
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
newbie
Activity: 310
Merit: 0
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...........
full member
Activity: 686
Merit: 100

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
hero member
Activity: 2968
Merit: 605

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...
legendary
Activity: 3052
Merit: 1168
Leading Crypto Sports Betting & Casino Platform

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.
sr. member
Activity: 1078
Merit: 310
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.
member
Activity: 476
Merit: 10
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 .
full member
Activity: 616
Merit: 145
🚀🚀 ATHERO.IO 🚀🚀
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
sr. member
Activity: 476
Merit: 262
EOSABC
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.
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