Microstrategy's Orange Decentralized Identity (DID:BTC) project is basically DID:ION, but it stores changes to the DID Document JSON as an OP_RETURN in the blockchain itself instead of on IPFS.
There is a coding scheme to declare changes to existing JSONs and store them as new spend transactions. The DID:BTC:<address> references the creation event. To reassemble the complete document, follow all spends and apply each change to the DID Document as specified.
It's cool that it is decentralized, but this is like Ordinals. The use of the chain for every change can be quite data-heavy.
The funniest thing is Microstrategy demonstrating the use of DIDs to sign regular e-mails. Once you use DIDs to sign/verify, you can use any other DID method, including DID:NOSTR or DID:MYCOMPANY. They are all equally "decentralized". :)
What Saylor clearly doesn't understand is that DIDs are already decentralized by definition. Adding a blockchain method doesn't make it more decentralized. The user's choice of method is the decentralization feature (like choosing which relays you want to use).
And once spam filters finally get fixed and the exploit patched, his DIDs die just like other Inscriptions.
...and maybe that's why he's against funding devs...
How do the spam filters work exactly?
Basically like our follow lists.
But Microstrategy is trying to make a case that everyone should trust (and pay for) their list for keys/DIDs.
Ok @Derek Ross as a normie this is what I am interested in understanding. For me why Nostr addresses wouldn’t work as DID and the micro strategy proposal “makes sense” is due to spam or a way to limit bots creating addresses ( I totally think that using the Bitcoin base layer is stupid). Could you explain a bit on spam filters, would this be something possible? And how good would they be? I still don’t see how if NOSTR makes content creators profitable and everybody migrated to Nostr how the protocol doesn’t become a bot fest and user experience is severely affected. I don’t follow anything related to Bitcoin on instagram because I get immediately spammed by bots.
He likely understands but his customers won’t.
I don't think he does. The way he describes the effects of the project is like the way Warren talks about Bitcoin: wrong words everywhere.
I bet Saylor is here lurking to see if the cyber hornets bought his grifting word salad.
The real issue is the binding to a legitimate actor who you can easily recognize. NIP-05 goes a long way toward solving the problem. Otherwise you are just another random npub or utxo.
What if in the future we ARE just a random npub or utxo!?
The future is here. That’s what we have today! The trick now is to ascribe some meaning to the random npubs and UTXOs that you care about.
An extremely worthy endeavor this. Hoping y’all figure it out. I would provoke with the question “why take the step even to ascribe meaning to? Just forever live in randomness.” But I understand the complications that imparts on a social level.
Then you are a wannabe cypherpunk that never interactet with a real company
He clearly doesn’t care about decentralization. He simply needs a minimally viable bitcoin widget of any kind to wrap in an MSTR product to sell to Microsoft.
If this one fails out of the gate, he will rinse-repeat.
Why do we need this?
He said he wants to sign contracts a thousand years into the future on Coin Stories in March.
He doesn't quite understand what signed data is.
You don't happen to own $MSTR do you?
Bitcoin is at the end of the correction. It's already down 20% from the highs and we'll have some more downside to happen from here.
If the correction continues, then I think the zones between $59-63K are essential to watch.
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Source: https://www.youtube.com/watch?v=kX7inr8yy1s
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