3 ms·
It seems like the real challenge here is solving the identity issue. That is something which would require a brick and mortar solution, and those have existed f
by brndnmtthws 9y ago
It seems like the real challenge here is solving the identity issue. That is something which would require a brick and mortar solution, and those have existed for quite some time with varying degrees of success. Identity companies like Equifax have done a shit job, and they try to pass the liability on to end users who then have to deal with the fallout of fraud.
There are a few identity management on the blockchain startups already, but I'm not sure any of them will be more successful than the DMV.
- adjkant 9y agoYes, the identity issue is still there. Solving that doesn't make Bitcoin a viable option for this idea though. This whole comment thread is discussing why this coin is needed over any other, not the identity issue. I think that need is well established for the stated goal.
- kaicianflone 9y agoThe White Paper solves the identity issue under the Validator section. Equifax, the US Govt, or a State Govt could start a validator and Companies that trust the Validator will accept any coins that are validated by the Validator.
- brndnmtthws 9y agoThat sounds a little too magical. Solving the identity problem is the biggest challenge here.