The First Mistake Crypto Made About Institutions
Crypto assumed institutions would adapt to blockchains. That assumption aged badly. Institutions adapt to risk, not ideology. They avoid systems where data exposure creates uncontrollable consequences.
Public ledgers flipped a core financial rule. Visibility became permanent instead of conditional. That alone disqualified many use cases before pilots even started. Dusk recognizes this miscalculation. It does not ask institutions to change behavior. It changes the infrastructure to match it. That may feel less revolutionary, but revolutions rarely settle trades or pass audits.