. This was excellent news too: https://medium.com/dusk-network/ivan-poon-joins-dusk-network-as-strategic-advisor-a2f1bb1f2c11 Even though i normally don't put any weight on the role of advisors, this one made perfect sense.
Topic: [ANN] | DUSK Network | Privacy-oriented blockchain for Digital Securities! - page 85. (Read 145674 times)
November 11, 2018, 04:50:55 AM
I've been reading your Medium articles that i had overlooked in the past, because there were too much good news to and whitepaper to browse . This was excellent news too: https://medium.com/dusk-network/ivan-poon-joins-dusk-network-as-strategic-advisor-a2f1bb1f2c11
Even though i normally don't put any weight on the role of advisors, this one made perfect sense.
. This was excellent news too: https://medium.com/dusk-network/ivan-poon-joins-dusk-network-as-strategic-advisor-a2f1bb1f2c11 Even though i normally don't put any weight on the role of advisors, this one made perfect sense.
November 11, 2018, 04:06:02 AM
DUSK networks are noted for their fast, anonymous, and secure data transfer. But I want to find out how you can be widely accepted around the world when the project focuses on privacy?
Privacy is really important. Every Facebook and data leak scandal has shown that. People are starting to understand this,
People are lining to options which give them anonymity online nowadays and this trend will just rise together with the rise of government spying so projects like Dust are going to be very wanted on the internet very soon.
I am not sure about people want that or not. I want that, this is for sure but facebook still getting used by billions. So are they really want that?
I think right now they are not caring at all. But if strong alternatives with real privacy occurs, they can start caring.
November 11, 2018, 03:37:33 AM
DUSK networks are noted for their fast, anonymous, and secure data transfer. But I want to find out how you can be widely accepted around the world when the project focuses on privacy?
Privacy is really important. Every Facebook and data leak scandal has shown that. People are starting to understand this,
People are lining to options which give them anonymity online nowadays and this trend will just rise together with the rise of government spying so projects like Dust are going to be very wanted on the internet very soon.
November 11, 2018, 02:07:53 AM
DUSK networks are noted for their fast, anonymous, and secure data transfer. But I want to find out how you can be widely accepted around the world when the project focuses on privacy?
Privacy is really important. Every Facebook and data leak scandal has shown that. People are starting to understand this,
November 11, 2018, 02:05:59 AM
DUSK networks are noted for their fast, anonymous, and secure data transfer. But I want to find out how you can be widely accepted around the world when the project focuses on privacy?
November 11, 2018, 01:53:28 AM
is DUSK going to deliver temporary ERC token then swap or going to release direct to platform?
Yes, this will ERC tokens at first and after maiinet launch in Q2 2019 they will swap them to native coins.
November 11, 2018, 01:27:19 AM
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.
That maybe true. In that case dusk may need to provide some extra information for the authority? But how could that be verified by these?
These are not easy problems to solve, but i reckon since they are trying to be a legit business, they will find a solution to it.
November 10, 2018, 11:34:44 PM
True that regulators will not co-exist with anonymity but if by miracle they can pull this off, it might be one of the most promising token to come out this year just maybe.
November 10, 2018, 08:16:23 PM
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?
They claim to be a fully compliant blockchain. Questions is in what jurisdiction?
November 10, 2018, 07:47:01 PM
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
Not just in terms of taxes
November 10, 2018, 06:53:44 PM
is DUSK going to deliver temporary ERC token then swap or going to release direct to platform?
November 10, 2018, 06:07:22 PM
Security Tokens will not replace utility ones, both of them have the right to exist. They are completely different. Securities are connected with the real world stuff and it doesn't matter which jurisdictions they are in. Security Tokens it is about their role at first, and only then it is about their legislation
What really concerns me is that Governments might come up with more strict regulations against security tokens and I hope it will not come to that point.
November 10, 2018, 05:39:57 PM
Security Tokens will not replace utility ones, both of them have the right to exist. They are completely different. Securities are connected with the real world stuff and it doesn't matter which jurisdictions they are in. Security Tokens it is about their role at first, and only then it is about their legislation
Despite their peculiarities, I believe that one should not stand out and erase the existence of the other, both have their importance, as well as the same possibility of success or failure before the markets
November 10, 2018, 05:27:25 PM
Security Tokens will not replace utility ones, both of them have the right to exist. They are completely different. Securities are connected with the real world stuff and it doesn't matter which jurisdictions they are in. Security Tokens it is about their role at first, and only then it is about their legislation
November 10, 2018, 04:19:19 PM
for me security tokens offer greater possibilities for investors, possibly dividends, and have a certain value, i personally see the token utilities only like an internal tool of the project devoid of any value at the speculative level...
November 10, 2018, 04:18:56 PM
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.
Quoting myself but i have to take this back, dusk tokens (or coins) are untraceable so i was wrong on this. I was too focused on other things.
November 10, 2018, 04:11:17 PM
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
November 10, 2018, 03:02:20 PM
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
the problem with utility tokens is that you need users or the tokens are worthless. security tokens offer a bit more than just the speculative value.
November 10, 2018, 02:49:40 PM
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
November 10, 2018, 02:17:46 PM
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
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