It's hard not to notice that in blockchains there has always been this golden rule, everything is visible to everyone. And it's kind of cool because there is transparency and trust, and there are no secrets. However, if we take a closer look at this situation, for real businesses it is often just some kind of nightmare. In other words, here every deal you make, every order, every large purchase, is just an open book for competitors. They see how you breathe, and immediately react. And I find it hard to argue with that.

And now imagine that a network appears where you can choose to show this only to the regulator, and the auditor, or to no one at all. And DUSK does exactly that. Not complete anonymity like in Monero, but selective privacy, meaning you decide who sees what. At this current stage, it seems logical.

And this is where the most interesting part begins. When competition becomes invisible, people behave quite differently. They don’t even notice it themselves.

Previously, a market maker on a public DEX couldn't operate normally. They placed a large order and everyone saw it, someone immediately ate it or conversely started playing against it. But now imagine that you place an order, and no one sees it. You can quietly accumulate a position for months. Competitors think the market is asleep, while you quietly do your thing. This is a different game now and such decisions make sense.

And the saddest (or coolest) part is that most participants don’t even realize how much their behavior has changed.

Someone suddenly became bolder in investments — because the market has been quiet lately. Someone started testing wild strategies in DeFi, because no one is peeking. Someone simply stopped being afraid to accumulate large volumes — because no one panics in advance.

As a result, trust disappears because there is an effect of invisible competition. It seems to exist, but you don’t see it. And because of this, the players themselves become more aggressive, more creative, and sometimes even more reckless. Because that constant pressure of "everyone is watching me" disappears.

DUSK is not just "another private blockchain". They have implemented selective disclosure, I only show what I had to show. To the regulator — yes, to the auditor — yes, to competitors — goodbye. And this is exactly what big money needs, which wants to enter crypto but doesn’t want their positions to be visible on Etherscan. And as of now, it looks exactly like that.

So we are already seeing how institutions are slowly flowing into such networks. Because tokenizing real estate, bonds, or stocks on a public chain is almost suicide from the perspective of competitive intelligence. But on DUSK — it’s possible. And no one will find out how much you bought and at what price. It feels different, as it has in similar situations.

Of course, there is a downside. When everyone hides, it’s harder to understand what’s really happening in the market. A huge position can accumulate, and then — bam! — and it explodes. Because no one saw how it grew. That is, volatility can be even higher, just in a different form.

But the main thing that seems strange and very interesting to me — is how much privacy changes the psychology of the participants. People think they are playing the same way as before. But in reality, the rules of the game are already different. And they didn't even notice when those rules changed.

Maybe that's why DUSK looks so attractive right now for those who want to play big, but without the spotlight overhead.

While everyone is arguing about transaction speeds and gas, someone is quietly rewriting the rules of competition. And they are doing it through… privacy, and it changes the optics. Who would have thought.