techfeudalist on Nostr: I just watched MicroStrategy’s launch video of their new Orange ID platform and ...
I just watched MicroStrategy’s launch video of their new Orange ID platform and honestly I don’t get it.
As Saylor has previously pointed out, bitcoin has value partly because of its tie to the real physical world through its proof of work process. Its link to the real world is what makes it relevant.
But consider those IDs that Orange will issue. What links them to the real world? Who or what verifies that the ID that says it’s from me was actually created by me? Anyone could write in my name and publish it to the blockchain. Where’s the link to the real world?
Presumably he would need some central registry 🤮 or some web of trust 🤷♂️ to complete the picture but that wasn’t mentioned. I’m confused.
As Saylor has previously pointed out, bitcoin has value partly because of its tie to the real physical world through its proof of work process. Its link to the real world is what makes it relevant.
But consider those IDs that Orange will issue. What links them to the real world? Who or what verifies that the ID that says it’s from me was actually created by me? Anyone could write in my name and publish it to the blockchain. Where’s the link to the real world?
Presumably he would need some central registry 🤮 or some web of trust 🤷♂️ to complete the picture but that wasn’t mentioned. I’m confused.