#MicroStrategy "Orange" #Decentralized ID on #bitcoin
https://microstrategy.github.io/did-btc-spec/
I let #Llama 3 8b explain that thing to me like a 10 year old. Can someone proof if this make sense?
I see a lot of fun coming explaining bitcoin to nocoiners
Imagine you have a super cool, high-tech lockbox that can store your secrets and keep them safe from prying eyes.
What’s in the lockbox? You put things like your name, where you live, what games you like to play, and other fun facts about yourself into this box. This is like putting a note with all these details inside the lockbox.
How do others know it’s really you? To prove that you’re the real deal, you make a special copy of your note (with all your secrets) and then seal it with a super-strong code. This code can only be opened by someone who knows the secret key to unlock it! When someone wants to see what’s inside, they ask for this special code and if they get it right, they can open the lockbox and read the note.
What makes this special? This way of keeping secrets is super safe because:
No one else has a copy of your key: You’re the only one who knows how to unlock your own lockbox!
Only you can put new notes in or take them out: No one else can add or remove anything from inside your box without knowing the code.
Even if someone tries to sneak a peek, they won’t get far: The special code keeps everything safe and sound!
This is kind of like what’s being proposed with the Did- Btc-Spec: creating a super-safe way for people to store their secrets (like names or other fun facts) on the Bitcoin blockchain. It uses special codes and secret keys to keep everything private and secure
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Notes by ak0manda ⚡️ | export