DECENTRALIZED ID: Thoughts on WorldCoin and the needs for a decentralized ID system?
In the current world, government creates a citizen's identification. For many things ID is unnecessary. But for others, reliable ID is unavoidable. Like:
-Passports
-Creditworthiness (even in a defi lending world)
-Physical Ownership (Real Estate on an NFT like blockchain).
Removing government from the "ID Business" greatly reduces their power. A good thing. But what is the proper solution? Is ID even required at all? What do you like/dislike about WorldCoin? What other ID solutions are in the works?
CappyNate🍁
npub1rr…9wudh
2023-10-08 13:58:45
Author Public Key
npub1rr7vzwv4p2wvu0lwtmj0far08clsuvuzwlwv30xkj2euur55pp8qr9wudhPublished at
2023-10-08 13:58:45Event JSON
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"pubkey": "18fcc139950a9cce3fee5ee4f4f46f3e3f0e338277dcc8bcd692b3ce0e94084e",
"created_at": 1696773525,
"kind": 1,
"tags": [],
"content": "DECENTRALIZED ID: Thoughts on WorldCoin and the needs for a decentralized ID system?\n\nIn the current world, government creates a citizen's identification. For many things ID is unnecessary. But for others, reliable ID is unavoidable. Like:\n\n-Passports\n-Creditworthiness (even in a defi lending world)\n-Physical Ownership (Real Estate on an NFT like blockchain). \n\nRemoving government from the \"ID Business\" greatly reduces their power. A good thing. But what is the proper solution? Is ID even required at all? What do you like/dislike about WorldCoin? What other ID solutions are in the works?",
"sig": "55444417b67f307154e4f6c09ced2343dafd545e3fb36cdca0bdbe07f6733da0006b507687865a469561e7430bab5d7b25e6b30b52512ba3bf6b5d3487c8cba7"
}