Can We See Some (Bitcoin) ID please?

TL;DR

MicroStrategy, the corporate that owns 214,000 Bitcoins, is constructing a decentralized id protocol on prime of Bitcoin…

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Okay so, adore it or hate it…

Issues being constructed on the Bitcoin community carry extra weight than every other chain.

And earlier than you throw any accusations round:

This isn’t coming from a spot of bias – extra from a spot of “the Bitcoin community has extra worth (and due to this fact, extra consideration) than every other blockchain community on the market.”

So if a characteristic pops up on Bitcoin — by the numbers — it’s extra prone to be adopted.

Now, with that in thoughts, contemplate this…

MicroStrategy, the corporate that owns 214,000 Bitcoins, is constructing a decentralized id protocol on prime of Bitcoin…

Translation: you’ll quickly be capable of show your id as soon as through the ‘MicroStrategy Orange Decentralized Identification Protocol,’ then by no means have to indicate ID on-line ever once more.

(That’s the concept no less than).

On-line platforms will first want to start out accepting the Orange Identification Protocol’s proof of ID as a regular…

Which is a tall process!

However as we mentioned on the prime, issues being constructed on the Bitcoin community carry extra weight than every other chain.

Which suggests the Orange ID Protocol has a head begin towards the remaining…

And the concept of all our private information NOT being saved throughout a number of (probably susceptible) on-line databases?

That’s a fairly cool idea.

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