[ANN] | DUSK Network | Privacy-oriented blockchain for Digital Securities! - page 86.

Rigorous

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Activity: 574

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Quote from: Frank37 on November 10, 2018, 12:15:10 PM

Quote from: lvsca on November 10, 2018, 10:17:02 AM

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

That is an interesting. Do regulations and taxes go hand in hand? If regulations exist to prevent tax fraud, I wonder if there countries without taxes who still regulate the markets for other reasons. And what are those reasons?

Frank37

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Quote from: lvsca on November 10, 2018, 10:17:02 AM

Quote from: o48o on November 10, 2018, 06:01:58 AM

Quote from: the_donald on November 10, 2018, 04:46:45 AM

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

pynetx

sr. member

Activity: 798

Merit: 262

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

magisterr

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Activity: 1372

Merit: 259

Quote from: pumz on November 10, 2018, 04:19:52 AM

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).

kraterion

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Quote from: johnsilver14 on November 09, 2018, 10:19:19 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

lvsca

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Quote from: o48o on November 10, 2018, 06:01:58 AM

Quote from: the_donald on November 10, 2018, 04:46:45 AM

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

o48o

legendary

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Quote from: the_donald on November 10, 2018, 04:46:45 AM

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.

the_donald

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Activity: 588

Merit: 100

Quote from: niklasmato on November 10, 2018, 03:57:39 AM

Quote from: Makkara on November 10, 2018, 03:01:02 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.

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

Xandan

hero member

Activity: 1106

Merit: 504

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 ?

pumz

sr. member

Activity: 826

Merit: 250

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.

levyashin

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Activity: 980

Merit: 276

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Quote from: Rigorous on November 09, 2018, 06:58:35 PM

Quote from: LastHiT on November 09, 2018, 06:07:12 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?

wissy

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Activity: 658

Merit: 102

Quote from: niklasmato on November 10, 2018, 03:57:39 AM

Quote from: Makkara on November 10, 2018, 03:01:02 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.

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.

viljy

hero member

Activity: 1736

Merit: 857

Quote from: king_of_alts on November 07, 2018, 01:35:39 PM

Quote from: viljy on November 07, 2018, 01:15:58 PM

Quote from: DuskNetwork on November 07, 2018, 09:35:02 AM

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.

niklasmato

sr. member

Activity: 616

Merit: 263

Quote from: Makkara on November 10, 2018, 03:01:02 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.

Makkara

full member

Activity: 1064

Merit: 166

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.

cryptoenthus

jr. member

Activity: 47

Merit: 9

I don't care what anybody else says, I believe that this coin here has GREAT potential. Screw all the naysayers. Stay strong!

jonnytracker

sr. member

Activity: 672

Merit: 261

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

johnsilver14

newbie

Activity: 42

Merit: 0

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?

PS92

full member

Activity: 644

Merit: 101

Quote from: Rigorous on November 09, 2018, 06:58:35 PM

Quote from: LastHiT on November 09, 2018, 06:07:12 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.

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?

Token Williams

newbie

Activity: 310

Merit: 0

Topic: [ANN] | DUSK Network | Privacy-oriented blockchain for Digital Securities! - page 86. (Read 145674 times)