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Blockchain Could Solve the Problem of Digital Identity

4 points by andrewfromx 5y ago

dane-pgp 5y ago
Some time in the next decade or two, a global interoperable online ID system will be created. The properties of that system will reflect, and be reflected in, the global political and power structures that develop alongside it. We have a limited window in which to get right the important design decisions, like privacy and self-sovereignty, otherwise we will find ourselves with a system that is too much of a Schelling point to ever escape.
- ssss11 5y ago
  Yes exactly - it is critical that it be designed properly with individuals’ privacy baked in and safe guarded otherwise it risks turning the current slight-dystopia surveillance internet into a full blown dystopia.
beny23 5y ago
Wait what? > put down a returnable deposit of .157 ETH (about $400) and > Users receive $50-$100 a month worth of the token Isn’t that the definition of a pyramid scheme? Also > Extremely high transaction fees—sometimes higher than a month’s worth of UBI—also make it hard for UBI users to take money out. Oh so your initial deposit is refundable but you have to pay a quarter in fees if you want to take money out. And > We want to use the wealth and incredible power of the blockchain to to really address social problems like poverty or marginalization But isn’t taking $400 upfront (when 2.6 billion people live on less than $2 a day) the very definition of exploitation?
- deleted 5y ago
  [deleted]
smt88 5y ago
No, it won't. There will always be the problem that the digital identity cannot be linked with 100% certainty to an actual human. You don't know if the person creating a digital identity (or authenticating as one): - is actually a specific individual - is the same person as last time - was telling the truth when setting up the identity - doesn't have many other identities This is already happening: wash-trading scams are rife in crypto because a single person can create many wallets and trade between them, making those assets appear more valuable and liquid than they are.
- dane-pgp 5y ago
  > - doesn't have many other identities I wonder if they have a system for allowing two identical twins to appear in two separate live video calls to verify it's not just one person filming two videos of themselves.

4 points by andrewfromx 5y ago

Some time in the next decade or two, a global interoperable online ID system will be created. The properties of that system will reflect, and be reflected in, the global political and power structures that develop alongside it. We have a limited window in which to get right the important design decisions, like privacy and self-sovereignty, otherwise we will find ourselves with a system that is too much of a Schelling point to ever escape.

ssss11 5y ago
Yes exactly - it is critical that it be designed properly with individuals’ privacy baked in and safe guarded otherwise it risks turning the current slight-dystopia surveillance internet into a full blown dystopia.

beny23 5y ago

Wait what? > put down a returnable deposit of .157 ETH (about $400) and > Users receive $50-$100 a month worth of the token Isn’t that the definition of a pyramid scheme? Also > Extremely high transaction fees—sometimes higher than a month’s worth of UBI—also make it hard for UBI users to take money out. Oh so your initial deposit is refundable but you have to pay a quarter in fees if you want to take money out. And > We want to use the wealth and incredible power of the blockchain to to really address social problems like poverty or marginalization But isn’t taking $400 upfront (when 2.6 billion people live on less than $2 a day) the very definition of exploitation?

deleted 5y ago
[deleted]

smt88 5y ago

No, it won't. There will always be the problem that the digital identity cannot be linked with 100% certainty to an actual human. You don't know if the person creating a digital identity (or authenticating as one): - is actually a specific individual - is the same person as last time - was telling the truth when setting up the identity - doesn't have many other identities This is already happening: wash-trading scams are rife in crypto because a single person can create many wallets and trade between them, making those assets appear more valuable and liquid than they are.

dane-pgp 5y ago
> - doesn't have many other identities I wonder if they have a system for allowing two identical twins to appear in two separate live video calls to verify it's not just one person filming two videos of themselves.