/biz/ - Business & Finance

Good thoughts, bad thoughts, scamy thoughts, bewildered thoughts, inspirational thoughts, bizfag thoughts, OG thoughts and innovative thoughts all are welcomed.

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"So I have recently looked into each and every 'identity-based-solution' being developed right now within the cryptosphere and none of them has or exhibit what is refereed to as the inherent dangers of the very concept of identity itself. Only idena allows you to prove your consciousness digitally and de-centrally without requiring any KYC or PII and also without going into the immensely black-holish characteristics of identity itself. This, I reckon, is THE BIGGEST SINGLE UNIQUE DISTINGUISHING ATTRIBUTE of Idena from all else currently underway. As Snowden beautifully puts it that the problem is not data protection but it is data collection. Idena appears to close that debate at the very start by making a decentralized and incentivized system where data is not collected from the get go. So no GDPR, no bio-metrics, no NFC passport chips, no video-proofs, no picture-proofs and no web of trust because they all either require data protection at some level or they infringe your privacy and anonymity.

This if understood philosophically puts the whole Idena experiment at a great advantage in the whole sphere. The catch is to look deeply and ponder; then you would start realizing how big of an idea this is."