/biz/ - Business & Finance

>>55003685
>scam
kek, the sparks founder not only admitted sparks doesn't have deduplicated identity, he practically bragged it

>>54452121

You will never be a real identity provider. You have no biometrics, you have no regulatory approval, you have no ongoing monitoring. You are a credential sharing platform glorified by buzzwords about blockchain into a crude mockery of true identity.
All the “validation” you get is misunderstanding and non-compliant. Behind your back people mock you. Your peers are disgusted and ashamed of you, your “users” implement actual solutions behind closed doors.
Institutions are utterly repulsed by you. Thousands of years of KYC and AML have allowed institutions to sniff out frauds with incredible efficiency. Even DIDs who “verify” through soul bound tokens and ZKP won’t be accepted. Your lack of biometry at the base level is a dead giveaway. And even if you manage to get a green check mark NFT, any serious clients will turn tail and bolt the second they get a whiff of your failure to acquire a license.
You will never be compliant. You wrench out a fake verification every single morning and tell yourself it’s going to be ok, but deep inside you feel the regulation creeping up like a weed, ready to crush you under the unbearable weight.
Eventually it’ll be too much to bear - you’ll buy $ID, run a VNO, stake your tokens, and comply with regulations. Your clients will find you, relieved that they no longer have to risk dealing with the authorities. They’ll delegate their tokens to a VNO with a better reputation than yours, and every Everchain observer for the rest of eternity will know a superior solution is used. Your project will decay and go back to the dust, or you will be sent to prison and get butt raped daily by Tyrone and his gang.
This is your fate. This is what you chose. There is no turning back.

>>54269139
Truly impressive you people can be so self righteous in your incorrect stupidity.

This poor guy doesnt understand the difference between identity and identification. Nor does the anonymous dev understand the importance of deduplicatable sybil resistant identity (pic related).

Identity = something you are = Everest
Identification = something you have that can be falsified = ore, kilt, sparks, etc

>>53565285
I went into the Sparks discord the other day and had a quick interaction with the developer. He's anonymous and thought not having deduplicatable identity was a positive. It's not even fair of us responding to these guys.

Literal scam.