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CappyNate🍁
npub1rr7…wudh
2023-10-08 13:58:45

CappyNate🍁 on Nostr: DECENTRALIZED ID: Thoughts on WorldCoin and the needs for a decentralized ID system? ...

DECENTRALIZED ID: Thoughts on WorldCoin and the needs for a decentralized ID system?

In the current world, government creates a citizen's identification. For many things ID is unnecessary. But for others, reliable ID is unavoidable. Like:

-Passports
-Creditworthiness (even in a defi lending world)
-Physical Ownership (Real Estate on an NFT like blockchain).

Removing government from the "ID Business" greatly reduces their power. A good thing. But what is the proper solution? Is ID even required at all? What do you like/dislike about WorldCoin? What other ID solutions are in the works?
Author Public Key
npub1rr7vzwv4p2wvu0lwtmj0far08clsuvuzwlwv30xkj2euur55pp8qr9wudh