techfeudalist 's avatar
techfeudalist
npub1nz3c...yxqu
Blessed by tech; working to bring the benefits to everyone. Freedom, incorruptible money, privacy.
I just watched MicroStrategy’s launch video of their new Orange ID platform and honestly I don’t get it. As Saylor has previously pointed out, bitcoin has value partly because of its tie to the real physical world through its proof of work process. Its link to the real world is what makes it relevant. But consider those IDs that Orange will issue. What links them to the real world? Who or what verifies that the ID that says it’s from me was actually created by me? Anyone could write in my name and publish it to the blockchain. Where’s the link to the real world? Presumably he would need some central registry 🤮 or some web of trust 🤷‍♂️ to complete the picture but that wasn’t mentioned. I’m confused.
It looks to me that the allegations are that Ver sold $240 million worth of bitcoin in November 2017, during the blocksize war. If he used those proceeds to buy bcash (created in Aug 2017) then he’s down ~70% on that amount. It really hurts when the tax bill on the sale is about the same as the amount you have left. 😬
One of the crazy things I learned with the recent Israel - Palestinian debates was how the Israeli government funded Hamas. Someone should do a skit with Netanyahu, sang to the tune of Shaggy’s “It wasn’t me”: So you were propping up Hamas? It wasn’t me! Giving them a little money? It wasn’t me? Sneaking it out the back door? It wasn’t me! Hoping they’d do a little killing? It wasn’t me!