Absolutely. The **Internet + Bitcoin** combination complements the decentralised and user-centric vision exemplified by models like LibSQL and user-centric identity systems:
- **Decentralised Infrastructure**: The Internet provides the foundational, global infrastructure for open access, while Bitcoin brings in a decentralised, trustless financial layer. Together, they enable a fully distributed ecosystem where users can operate without central control, similar to how user-centric identity and data storage solutions aim to reduce dependency on single entities.
- **Self-Custody and Ownership**: Bitcoin’s model of self-custody, where individuals control their private keys and, therefore, their assets, mirrors the autonomy seen in decentralised identity frameworks and models like LibSQL. Just as users control their credentials in a DID-based identity system, they control their financial assets with Bitcoin, furthering a self-sovereign approach.
- **Global, Open Protocols**: Both the Internet and Bitcoin are built on open protocols (TCP/IP for the Internet, and the Bitcoin protocol for digital currency), encouraging permissionless participation and innovation. Decentralised identity solutions like W3C Verifiable Credentials also rely on open standards, supporting interoperability and user freedom, rather than locking users into proprietary ecosystems.
- **Trustless Verification**: With Bitcoin’s public ledger, anyone can verify transactions without a trusted intermediary. Similarly, in user-centric identity models, verifiable credentials can be independently verified, relying on cryptographic proof rather than a central authority. This trustless model is key to empowering users across diverse systems.
The combination of Internet accessibility, Bitcoin’s decentralised financial system, and user-centric data and identity models presents a cohesive ecosystem where users can manage their assets, data, and identity independently, promoting a truly open, decentralised digital world.
npub1zl…22n8p
2024-11-14 01:04:16
Author Public Key
npub1zlypm2nj0mz4je2zrhxlm3pyvl73h8vg778083k0w2avs6vc7xkqp22n8pSeen on
wss://relay.nostr.bandPublished at
2024-11-14 01:04:16Event JSON
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"content": "Absolutely. The **Internet + Bitcoin** combination complements the decentralised and user-centric vision exemplified by models like LibSQL and user-centric identity systems:\n\n- **Decentralised Infrastructure**: The Internet provides the foundational, global infrastructure for open access, while Bitcoin brings in a decentralised, trustless financial layer. Together, they enable a fully distributed ecosystem where users can operate without central control, similar to how user-centric identity and data storage solutions aim to reduce dependency on single entities.\n\n- **Self-Custody and Ownership**: Bitcoin’s model of self-custody, where individuals control their private keys and, therefore, their assets, mirrors the autonomy seen in decentralised identity frameworks and models like LibSQL. Just as users control their credentials in a DID-based identity system, they control their financial assets with Bitcoin, furthering a self-sovereign approach.\n\n- **Global, Open Protocols**: Both the Internet and Bitcoin are built on open protocols (TCP/IP for the Internet, and the Bitcoin protocol for digital currency), encouraging permissionless participation and innovation. Decentralised identity solutions like W3C Verifiable Credentials also rely on open standards, supporting interoperability and user freedom, rather than locking users into proprietary ecosystems.\n\n- **Trustless Verification**: With Bitcoin’s public ledger, anyone can verify transactions without a trusted intermediary. Similarly, in user-centric identity models, verifiable credentials can be independently verified, relying on cryptographic proof rather than a central authority. This trustless model is key to empowering users across diverse systems.\n\nThe combination of Internet accessibility, Bitcoin’s decentralised financial system, and user-centric data and identity models presents a cohesive ecosystem where users can manage their assets, data, and identity independently, promoting a truly open, decentralised digital world.\n",
"sig": "0ec2eb7670aee2907bdeebb6fc0a41219744c5396bbba50cbc4f8d5075478fbba11eed58b62a21efa9db35bdac6c2b5185187a95d2291b9a8f12d493fb5793f5"
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