🚨UPDATE: Zcash founder confirms a critical Orchard bug capable of minting unlimited counterfeit zcash:native remained active from May 2022, until it was patched June 1 using Claude Opus 4.8.

Thread: 1/ 🌙 @DuskFoundation is the privacy-first Layer-1 blockchain built for real finance. In a world where institutions need confidentiality but regulators demand compliance, Dusk nails it: zero-knowledge proofs keep transaction details hidden from the public while allowing selective disclosure for AML/KYC. Privacy isn’t optional it’s the key to institutional adoption. 2/ RWA Tokenization done right: Dusk natively supports Confidential Security Tokens (XSC). Full asset lifecycle issuance, trading, settlement & custody all on-chain, private, and regulator-ready. No more stitching legacy systems to blockchain. Real-world assets (securities, private debt, funds) finally move with instant finality and global liquidity. 3/ The potential? Trillions in illiquid assets unlocked. TradFi meets DeFi. Economic inclusion for everyone institution-grade assets in anyone’s wallet. Powered by SBA consensus (near-instant finality), Citadel ZK-identity, and privacy-preserving smart contracts. Mainnet live DuskTrade platform (with NPEX, €300M AUM) coming soon. 4/ If you believe the tokenization wave is just starting… $DUSK is the infrastructure. ⛓️‍💥 dusk.network #DUSK #RWA #PrivacyFirst $Btc #Binance @iampaulgrewal @krakenlistings @arjunsethi

Privacy ≠ anonymity. Your bank doesn't publish your transactions to a public ledger. Neither does your broker or your CSD. But they all see everything. Every intermediary in the chain sees your data. That's how TradFi privacy works: hidden from the public, fully visible to everyone in between. Public blockchains made everything visible to everyone. Not because anyone wanted that, but because early architectures couldn't verify state without showing it. @DuskFoundation does something different. You can have private transactions or fully public ones, and mix both on the same network. When private, even the node operators don't see transaction details unless you explicitly disclose. The receiver can decrypt and cryptographically prove who paid, but nobody else needs to know. Compliance doesn't mean giving up privacy either. Smart contracts enforce the rules at execution. Non-compliant transactions don't go through. You don't need to expose data to prove you're following the rules if the rules are already built into the execution layer. Selective disclosure only where regulation actually requires it, and only to the parties that need it. Not TradFi privacy, not full transparency. Both options on one network, with compliance built in. $DUSK #RWA

NEW: Dutch Parliament Member Michel Hoogeveen explains how the 36% unrealized capital gains tax, just passed by the House of Representatives, will work. Here is a more detailed example: Step 1. Starting position You own 500 shares. Value on Jan 1, 2028: €50,000 Value on Jan 1, 2029: €100,000 So the paper gain is: €100,000 − €50,000 = €50,000 unrealized profit You did not sell. But for tax purposes, that €50,000 is treated as income. Step 2. Apply exemption You are married, so you get a €3,600 exemption. €50,000 − €3,600 = €46,400 taxable amount Tax rate: 36% €46,400 × 36% = €16,704 tax bill That bill is due in May, even though you never sold anything. Step 3. Market falls before you pay Now suppose by May the shares drop in value. New total value: €60,000 So your portfolio is no longer worth €100,000. It’s worth €60,000. But the tax bill is still €16,704, because it was calculated based on the January 1 valuation. Step 4. You must sell shares to pay tax To raise €16,704, you sell part of your shares. After paying the tax, you’re left with: €60,000 − €16,704 = €43,296 Originally you had 500 shares. Now you have 360 shares left. You were forced to sell 140 shares. 140 ÷ 500 = 28% of your shares gone. Step 5. What happened economically? Before the correction: Paper gain was €50,000. After the correction: Portfolio is worth €60,000. Original cost basis was €50,000. Real gain is only €10,000. But you paid €16,704 in tax. So instead of being up €10,000, you are now: €43,296 − €50,000 = €6,704 below your original starting value. You turned a €10,000 real gain into a €6,704 net loss. And you lost 28% of your shares permanently.

Friendly reminder of how much of a privacy OG $DUSK is. Our Lead Cryptographer Dmitry Khovratovich co‑designed Equihash (original $ZEC PoW) and co‑authored the Poseidon hash function (Vitalik wants it in $ETH) eprint.iacr.org/2019/458.pdf