Bitcoin Spaces Live
Bitcoin Spaces Live
BTC Media
Bitcoin and Decentralized Identity: Fight The Future
1 hour 5 minutes Posted Nov 16, 2021 at 8:41 pm.
An introduction to Decentralized Identity and Daniel's work. 4:57 Why the concept of decentralization is vital for a better approach to identity. 9:16 The Decentralized Identity projects at Microsoft and Square. 13:34 A breakdown of Ion nodes and how it interacts with the main chain. 21:17 The humanitarian dimension to the discussion around Decentralized Identity. 25:46 Some of the reasons that Microsoft has invested in this project. 28:56 The number of businesses that are currently using ION. 30:10 Combining the power of decentralized money and identity. 34:59 The co-opting of the internet and the possibility of this happening to the blockchain. 39:13 Unpacking the idea of identity hubs and the smart ways they could be used. 44:14 How sovereign data around identity will play out practically in different scenarios. 49:31 Comparing DID to the use of the Lightning Network for money. 51:36 The dangers of baking monetary incentives into all interactions. 52:44 How Lightning and DID might be able to integrate! 54:54 The incentives that DID offers developers for better UX. 58:19 Potential for people to run their own hardware in relation to DID. 1:00:45 The growth of organic communities due to the utility of decentralization. 1:02:33 Final words on the importance of digital identity for a sovereign future. --------------------------------------------Bitcoin Magazine is back in print! Get Bitcoin Magazine shipped directly to your front door! Get 21% off with promo code: MAG21 https://store.bitcoinmagazine.com/discount/MAG21?redirect=%2Fproducts%2Fbitcoin-magazine-annual-subscription   "The Deep Dive" delivers the latest Bitcoin on-chain market intelligence directly to your inbox! Check it out for free here! deepdivebtc.substack.com/welcome   Bitcoin 2022 will be the biggest Bitcoin conference ever! Miami, FL from April 6–9, 2022 Get 15% off tickets with promo code: MAG21 https://b.tc/conference/
0:00
1:05:46
Download MP3
Show notes
In this episode of Bitcoin Spaces Live, hosts Christian Keroles (@ck_snarks) and P (@phjlljp) are joined by Daniel B (@csuwildcat), Shinobi (@brian_trollz), and Level39 (@level39) to discuss the future of decentralized identity, something that Daniel is heavily involved in. They explore the different decentralized identity projects happening at Microsoft and Square, ION (a layer 2 built on top of Bitcoin), why decentralized identity is just as important as decentralized money, the future of lightning and DID, and much more. 0:00 An introduction to Decentralized Identity and Daniel's work. 4:57 Why the concept of decentralization is vital for a better approach to identity. 9:16 The Decentralized Identity projects at Microsoft and Square. 13:34 A breakdown of Ion nodes and how it interacts with the main chain. 21:17 The humanitarian dimension to the discussion around Decentralized Identity. 25:46 Some of the reasons that Microsoft has invested in this project. 28:56 The number of businesses that are currently using ION. 30:10 Combining the power of decentralized money and identity. 34:59 The co-opting of the internet and the possibility of this happening to the blockchain. 39:13 Unpacking the idea of identity hubs and the smart ways they could be used. 44:14 How sovereign data around identity will play out practically in different scenarios. 49:31 Comparing DID to the use of the Lightning Network for money. 51:36 The dangers of baking monetary incentives into all interactions. 52:44 How Lightning and DID might be able to integrate! 54:54 The incentives that DID offers developers for better UX. 58:19 Potential for people to run their own hardware in relation to DID. 1:00:45 The growth of organic communities due to the utility of decentralization. 1:02:33 Final words on the importance of digital identity for a sovereign future. --------------------------------------------- Bitcoin Magazine is back in print! Get Bitcoin Magazine shipped directly to your front door! Get 21% off with promo code: MAG21 https://store.bitcoinmagazine.com/discount/MAG21?redirect=%2Fproducts%2Fbitcoin-magazine-annual-subscription   "The Deep Dive" delivers the latest Bitcoin on-chain market intelligence directly to your inbox! Check it out for free here! deepdivebtc.substack.com/welcome   Bitcoin 2022 will be the biggest Bitcoin conference ever! Miami, FL from April 6–9, 2022 Get 15% off tickets with promo code: MAG21 https://b.tc/conference/