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CRYPTO ADOPTION INCOMING: Microsoft Unleashes Decentralized Identity Tool on BITCOIN BLOCKCHAIN

 
Yew
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05/13/2019 10:07 AM
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CRYPTO ADOPTION INCOMING: Microsoft Unleashes Decentralized Identity Tool on BITCOIN BLOCKCHAIN
[link to www.coindesk.com (secure)]




When are the no-coiners going to understand that crypto isn't going anywhere?

Disney, WalMart and other HUGE organizations have already created their own cryptocurrencies or blockchains.


I'm not posting this so you will go invest to make me richer. I'm posting this as evidence to show that it doesn't make sense to think crypto is going away
Satire is one of the few forms of protected speech we can use to, well, speak. Everything i say is satire and intended for entertainment purposes only.

Not a single communication to, from, associated with, or connected to this IP address in any fashion whatsoever, at any point in time (past, present and future), is intended to convey fact. This disclaimer proves everything I type is satire and meant to entertain other people ONLY. Any data which appears to convey a fact or truth is 100% purely unintentional and should only be construed as a playful attempt to joke, provide satire, or entertain. I am not liable for any information that has been, in any way, connected to this computer, IP address, network or person.
Anonymous Coward
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05/13/2019 10:09 AM
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Re: CRYPTO ADOPTION INCOMING: Microsoft Unleashes Decentralized Identity Tool on BITCOIN BLOCKCHAIN
Mainstream adoption is happening and it's just a matter of time before it's adopted and leveraged by just about every company in existence. It's like email or a website... you won't be in business unless you accept crypto.
Yew  (OP)

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05/13/2019 10:10 AM
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Re: CRYPTO ADOPTION INCOMING: Microsoft Unleashes Decentralized Identity Tool on BITCOIN BLOCKCHAIN
'Microsoft is launching the first decentralized infrastructure implementation by a major tech company that is built directly on the bitcoin blockchain.'


Even facebook isn't ignoring crypto and blockchain:
“Like many other companies, Facebook is exploring ways to leverage the power of blockchain technology. This new small team is exploring many different applications. We don’t have anything further to share.”




Essentially microsoft is seeking to hop on the bitcoin/blockchain bandwagon to garner USER TRUST in their long term goals, all while simultaneously saving everybodys private keys for...security purposes.


Hint: This is great for blockchain and bitcoin but not great for you to use. Don't let microsoft store your private keys unless you are okay with your private keys being sold to the highest bidders in a few years when bitcoin is over 80K
Satire is one of the few forms of protected speech we can use to, well, speak. Everything i say is satire and intended for entertainment purposes only.

Not a single communication to, from, associated with, or connected to this IP address in any fashion whatsoever, at any point in time (past, present and future), is intended to convey fact. This disclaimer proves everything I type is satire and meant to entertain other people ONLY. Any data which appears to convey a fact or truth is 100% purely unintentional and should only be construed as a playful attempt to joke, provide satire, or entertain. I am not liable for any information that has been, in any way, connected to this computer, IP address, network or person.
Yew  (OP)

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05/13/2019 10:11 AM
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Re: CRYPTO ADOPTION INCOMING: Microsoft Unleashes Decentralized Identity Tool on BITCOIN BLOCKCHAIN
Mainstream adoption is happening and it's just a matter of time before it's adopted and leveraged by just about every company in existence. It's like email or a website... you won't be in business unless you accept crypto.
 Quoting: Anonymous Coward 71433052



replace crypto with 'digital cash' and your sentence is purely accurate!

Last Edited by Yew on 05/13/2019 10:11 AM
Satire is one of the few forms of protected speech we can use to, well, speak. Everything i say is satire and intended for entertainment purposes only.

Not a single communication to, from, associated with, or connected to this IP address in any fashion whatsoever, at any point in time (past, present and future), is intended to convey fact. This disclaimer proves everything I type is satire and meant to entertain other people ONLY. Any data which appears to convey a fact or truth is 100% purely unintentional and should only be construed as a playful attempt to joke, provide satire, or entertain. I am not liable for any information that has been, in any way, connected to this computer, IP address, network or person.
Anonymous Coward
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05/13/2019 10:21 AM
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Re: CRYPTO ADOPTION INCOMING: Microsoft Unleashes Decentralized Identity Tool on BITCOIN BLOCKCHAIN
My god.. You crypto nuts are baffling in your stupidity.

The only thing they are going to do, is to decentralize and use the inherent difficulty of faking a blockchain to ensure that you cannot... CANNOT! be anonymous.

They will use it to counterweight every movement online, and make sure that everything you do can be traced back to one single identity.
Anonymous Coward
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05/13/2019 10:23 AM
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Re: CRYPTO ADOPTION INCOMING: Microsoft Unleashes Decentralized Identity Tool on BITCOIN BLOCKCHAIN
My god.. You crypto nuts are baffling in your stupidity.

The only thing they are going to do, is to decentralize and use the inherent difficulty of faking a blockchain to ensure that you cannot... CANNOT! be anonymous.

They will use it to counterweight every movement online, and make sure that everything you do can be traced back to one single identity.
 Quoting: Anonymous Coward 75856653


I prefer to pay miners than pay bankers
Anonymous Coward
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05/13/2019 10:25 AM
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Re: CRYPTO ADOPTION INCOMING: Microsoft Unleashes Decentralized Identity Tool on BITCOIN BLOCKCHAIN
My god.. You crypto nuts are baffling in your stupidity.

The only thing they are going to do, is to decentralize and use the inherent difficulty of faking a blockchain to ensure that you cannot... CANNOT! be anonymous.

They will use it to counterweight every movement online, and make sure that everything you do can be traced back to one single identity.
 Quoting: Anonymous Coward 75856653


the true crypto geeks knew that years ago
Anonymous Coward
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05/13/2019 10:28 AM
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Re: CRYPTO ADOPTION INCOMING: Microsoft Unleashes Decentralized Identity Tool on BITCOIN BLOCKCHAIN
My god.. You crypto nuts are baffling in your stupidity.

The only thing they are going to do, is to decentralize and use the inherent difficulty of faking a blockchain to ensure that you cannot... CANNOT! be anonymous.

They will use it to counterweight every movement online, and make sure that everything you do can be traced back to one single identity.
 Quoting: Anonymous Coward 75856653


I prefer to pay miners than pay bankers
 Quoting: Anonymous Coward 77540192


You'll be paying both... that simple.
Anonymous Coward
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05/13/2019 10:29 AM
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Re: CRYPTO ADOPTION INCOMING: Microsoft Unleashes Decentralized Identity Tool on BITCOIN BLOCKCHAIN
[link to www.coindesk.com (secure)]




When are the no-coiners going to understand that crypto isn't going anywhere?

Disney, WalMart and other HUGE organizations have already created their own cryptocurrencies or blockchains.


I'm not posting this so you will go invest to make me richer. I'm posting this as evidence to show that it doesn't make sense to think crypto is going away
 Quoting: Yew


[link to www.curlytailsa.com] This is not a scam or get rich quick thing it takes time and patience I only put $100 in this 6 months ago and now I have about $ 600 in account it's free to join and if you decide to invest it's your choice...Back in 2010 I had a chance to get bitcoin dirt cheap but didn't! I regret it now and I look at this as a second chance. I invested $100 and if it fails it fails and I only lost $100... But if it doesn't I'll be a happy camper
Anonymous Coward
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05/13/2019 10:36 AM
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Re: CRYPTO ADOPTION INCOMING: Microsoft Unleashes Decentralized Identity Tool on BITCOIN BLOCKCHAIN
its not nice to trick people by implyng crypto and bitcoin are synonymous.

bad OP.
Anonymous Coward
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05/13/2019 10:39 AM
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Re: CRYPTO ADOPTION INCOMING: Microsoft Unleashes Decentralized Identity Tool on BITCOIN BLOCKCHAIN
My god.. You crypto nuts are baffling in your stupidity.

The only thing they are going to do, is to decentralize and use the inherent difficulty of faking a blockchain to ensure that you cannot... CANNOT! be anonymous.

They will use it to counterweight every movement online, and make sure that everything you do can be traced back to one single identity.
 Quoting: Anonymous Coward 75856653


the true crypto geeks knew that years ago
 Quoting: Anonymous Coward 73649866


tbf, there is one - used heavily on the darknet drug markets - designed using ring signatures, which provide certain mathematical guarantees of anonymity. It has some heavyweight academics behind it.

Wired: Monero, the Drug Dealer's Cryptocurrency of Choice
[link to www.wired.com (secure)]

"It is more difficult to follow the money with Monero," said Torbjorn Bull Jenssen, an investor and chief executive of Arcane Crypto, a firm that works with cryptocurrencies. "It has gained some attention among criminals, although its safety might be false: Academic papers have already shown its anonymity has cracks and flaws."
 Quoting: New York Times

[link to www.nytimes.com (secure)]

The flaws referred to have been fixed with the new RingCT technique.

Law enforcement standard procedure is spreading FUD on systems that are hardest for them to breach.

I believe it'll be banned in the near future.
Lupe_Ate_My_Taco's

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05/13/2019 10:47 AM
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Re: CRYPTO ADOPTION INCOMING: Microsoft Unleashes Decentralized Identity Tool on BITCOIN BLOCKCHAIN
Kazucoin.io
Anonymous Coward
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05/13/2019 10:48 AM
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Re: CRYPTO ADOPTION INCOMING: Microsoft Unleashes Decentralized Identity Tool on BITCOIN BLOCKCHAIN
If any of the crypto variants get close to being adopted you can bet the big banks will want in on it to squeeze out some transaction fees or interest.
If the big banks can't profit they will send in the US military to destroy "weapons of mass destruction / terrorists" , not a safe bet going against the one world order.

.
Anonymous Coward
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05/13/2019 10:48 AM
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Re: CRYPTO ADOPTION INCOMING: Microsoft Unleashes Decentralized Identity Tool on BITCOIN BLOCKCHAIN
My god.. You crypto nuts are baffling in your stupidity.

The only thing they are going to do, is to decentralize and use the inherent difficulty of faking a blockchain to ensure that you cannot... CANNOT! be anonymous.

They will use it to counterweight every movement online, and make sure that everything you do can be traced back to one single identity.
 Quoting: Anonymous Coward 75856653


the true crypto geeks knew that years ago
 Quoting: Anonymous Coward 73649866


tbf, there is one - used heavily on the darknet drug markets - designed using ring signatures, which provide certain mathematical guarantees of anonymity. It has some heavyweight academics behind it.

Wired: Monero, the Drug Dealer's Cryptocurrency of Choice
[link to www.wired.com (secure)]

"It is more difficult to follow the money with Monero," said Torbjorn Bull Jenssen, an investor and chief executive of Arcane Crypto, a firm that works with cryptocurrencies. "It has gained some attention among criminals, although its safety might be false: Academic papers have already shown its anonymity has cracks and flaws."
 Quoting: New York Times

[link to www.nytimes.com (secure)]

The flaws referred to have been fixed with the new RingCT technique.

Law enforcement standard procedure is spreading FUD on systems that are hardest for them to breach.

I believe it'll be banned in the near future.
 Quoting: Anonymous Coward 73649866


Ok...

1. Establish a baseline service, could be as simple as your email, but will probably be something like your bank account. This is now "protected for privacy" through blockchain.

Everytime you open another account, anywhere, you'll have to use a secured service to validate it. So every new service is now tied into your verified identity.

Anything after that, can simply be traced back, because it's very hard to hack a blockchain, so you can't be anonymous anymore at all.

Any service that exists outside of your verified identity chain can simply be flagged as something like "aiding terrorism" and now, having it becomes a crime.
Anonymous Coward
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United States
05/13/2019 10:55 AM
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Re: CRYPTO ADOPTION INCOMING: Microsoft Unleashes Decentralized Identity Tool on BITCOIN BLOCKCHAIN
My god.. You crypto nuts are baffling in your stupidity.

The only thing they are going to do, is to decentralize and use the inherent difficulty of faking a blockchain to ensure that you cannot... CANNOT! be anonymous.

They will use it to counterweight every movement online, and make sure that everything you do can be traced back to one single identity.
 Quoting: Anonymous Coward 75856653


the true crypto geeks knew that years ago
 Quoting: Anonymous Coward 73649866


tbf, there is one - used heavily on the darknet drug markets - designed using ring signatures, which provide certain mathematical guarantees of anonymity. It has some heavyweight academics behind it.

Wired: Monero, the Drug Dealer's Cryptocurrency of Choice
[link to www.wired.com (secure)]

"It is more difficult to follow the money with Monero," said Torbjorn Bull Jenssen, an investor and chief executive of Arcane Crypto, a firm that works with cryptocurrencies. "It has gained some attention among criminals, although its safety might be false: Academic papers have already shown its anonymity has cracks and flaws."
 Quoting: New York Times

[link to www.nytimes.com (secure)]

The flaws referred to have been fixed with the new RingCT technique.

Law enforcement standard procedure is spreading FUD on systems that are hardest for them to breach.

I believe it'll be banned in the near future.
 Quoting: Anonymous Coward 73649866


Ok...

1. Establish a baseline service, could be as simple as your email, but will probably be something like your bank account. This is now "protected for privacy" through blockchain.

Everytime you open another account, anywhere, you'll have to use a secured service to validate it. So every new service is now tied into your verified identity.

Anything after that, can simply be traced back, because it's very hard to hack a blockchain, so you can't be anonymous anymore at all.

Any service that exists outside of your verified identity chain can simply be flagged as something like "aiding terrorism" and now, having it becomes a crime.
 Quoting: Anonymous Coward 75856653


The only way to avoid that is to own the whole network end -to- end and have total personal control of your account.

See any problem there?

.
Yew  (OP)

User ID: 75758325
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05/13/2019 10:56 AM
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Re: CRYPTO ADOPTION INCOMING: Microsoft Unleashes Decentralized Identity Tool on BITCOIN BLOCKCHAIN
My god.. You crypto nuts are baffling in your stupidity.

The only thing they are going to do, is to decentralize and use the inherent difficulty of faking a blockchain to ensure that you cannot... CANNOT! be anonymous.

They will use it to counterweight every movement online, and make sure that everything you do can be traced back to one single identity.
 Quoting: Anonymous Coward 75856653


YOUR NONSENSE CONCERN IS CURED WITH JUST A LITTLE RESEARCH INTO THE APOLLO BLOCKCHAIN.

It's is, without a doubt, the only blockchain capable of masking your identity and behavior 100%.
Satire is one of the few forms of protected speech we can use to, well, speak. Everything i say is satire and intended for entertainment purposes only.

Not a single communication to, from, associated with, or connected to this IP address in any fashion whatsoever, at any point in time (past, present and future), is intended to convey fact. This disclaimer proves everything I type is satire and meant to entertain other people ONLY. Any data which appears to convey a fact or truth is 100% purely unintentional and should only be construed as a playful attempt to joke, provide satire, or entertain. I am not liable for any information that has been, in any way, connected to this computer, IP address, network or person.
Yew  (OP)

User ID: 75758325
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05/13/2019 10:57 AM
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Re: CRYPTO ADOPTION INCOMING: Microsoft Unleashes Decentralized Identity Tool on BITCOIN BLOCKCHAIN
My god.. You crypto nuts are baffling in your stupidity.

The only thing they are going to do, is to decentralize and use the inherent difficulty of faking a blockchain to ensure that you cannot... CANNOT! be anonymous.

They will use it to counterweight every movement online, and make sure that everything you do can be traced back to one single identity.
 Quoting: Anonymous Coward 75856653


I prefer to pay miners than pay bankers
 Quoting: Anonymous Coward 77540192


^^ one of the legit-est comments I've seen on crypto lol
Satire is one of the few forms of protected speech we can use to, well, speak. Everything i say is satire and intended for entertainment purposes only.

Not a single communication to, from, associated with, or connected to this IP address in any fashion whatsoever, at any point in time (past, present and future), is intended to convey fact. This disclaimer proves everything I type is satire and meant to entertain other people ONLY. Any data which appears to convey a fact or truth is 100% purely unintentional and should only be construed as a playful attempt to joke, provide satire, or entertain. I am not liable for any information that has been, in any way, connected to this computer, IP address, network or person.
syncro

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05/13/2019 10:57 AM
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Re: CRYPTO ADOPTION INCOMING: Microsoft Unleashes Decentralized Identity Tool on BITCOIN BLOCKCHAIN
If any of the crypto variants get close to being adopted you can bet the big banks will want in on it to squeeze out some transaction fees or interest.
If the big banks can't profit they will send in the US military to destroy "weapons of mass destruction / terrorists" , not a safe bet going against the one world order.

.
 Quoting: Anonymous Coward 73859797


How will they destroy a decentralized distributed ledger? Perhaps with massive hashing power, but such attacks can be countered. Above my pay grade.
Yew  (OP)

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05/13/2019 11:00 AM
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Re: CRYPTO ADOPTION INCOMING: Microsoft Unleashes Decentralized Identity Tool on BITCOIN BLOCKCHAIN
If any of the crypto variants get close to being adopted you can bet the big banks will want in on it to squeeze out some transaction fees or interest.
If the big banks can't profit they will send in the US military to destroy "weapons of mass destruction / terrorists" , not a safe bet going against the one world order.

.
 Quoting: Anonymous Coward 73859797


Absolutely. As long as your crypto behavior is tied to a bank, you're going to get charged for it. Interest, fees, you name it. They will try to profit off of your decisions.

Last namedrop for me today, but Apollo is the only crypto that has a network ready for you to buy and sell crypto & cash out at ATMs without ID. Anyone concerned about your privacy or banks knowing what you do with your money can find solutions with apollo. K i'm done mentioning apollo, it's just so easy to mention when most ppls concerns are cured by their network/currency.
Satire is one of the few forms of protected speech we can use to, well, speak. Everything i say is satire and intended for entertainment purposes only.

Not a single communication to, from, associated with, or connected to this IP address in any fashion whatsoever, at any point in time (past, present and future), is intended to convey fact. This disclaimer proves everything I type is satire and meant to entertain other people ONLY. Any data which appears to convey a fact or truth is 100% purely unintentional and should only be construed as a playful attempt to joke, provide satire, or entertain. I am not liable for any information that has been, in any way, connected to this computer, IP address, network or person.
Anonymous Coward
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05/13/2019 11:03 AM
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Re: CRYPTO ADOPTION INCOMING: Microsoft Unleashes Decentralized Identity Tool on BITCOIN BLOCKCHAIN
'Microsoft is launching the first decentralized infrastructure implementation by a major tech company that is built directly on the bitcoin blockchain.'


Even facebook isn't ignoring crypto and blockchain:
“Like many other companies, Facebook is exploring ways to leverage the power of blockchain technology. This new small team is exploring many different applications. We don’t have anything further to share.”




Essentially microsoft is seeking to hop on the bitcoin/blockchain bandwagon to garner USER TRUST in their long term goals, all while simultaneously saving everybodys private keys for...security purposes.


Hint: This is great for blockchain and bitcoin but not great for you to use. Don't let microsoft store your private keys unless you are okay with your private keys being sold to the highest bidders in a few years when bitcoin is over 80K
 Quoting: Yew

Ok. You convinced me.

I'll buy back in at 2k.

Thanks for the tip
Anonymous Coward
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05/13/2019 11:04 AM
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Re: CRYPTO ADOPTION INCOMING: Microsoft Unleashes Decentralized Identity Tool on BITCOIN BLOCKCHAIN
When are the no-coiners going to understand that crypto isn't going anywhere?

Disney, WalMart and other HUGE organizations have already created their own cryptocurrencies or blockchains.

 Quoting: Yew


And that is the problem...too many blockchains, too many cryptos.

Which one should people choose?
There could be tens of thousands of crypto currencies in the future.

There will be no mainstream adoption until nations and institutions around the world agree to back & honor payment from a few of the main crypto currencies.

Also, all it would take is for one big hacking scandal and that could spell the end to crypto.
Yew  (OP)

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05/13/2019 11:04 AM
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Re: CRYPTO ADOPTION INCOMING: Microsoft Unleashes Decentralized Identity Tool on BITCOIN BLOCKCHAIN
'Microsoft is launching the first decentralized infrastructure implementation by a major tech company that is built directly on the bitcoin blockchain.'


Even facebook isn't ignoring crypto and blockchain:
“Like many other companies, Facebook is exploring ways to leverage the power of blockchain technology. This new small team is exploring many different applications. We don’t have anything further to share.”




Essentially microsoft is seeking to hop on the bitcoin/blockchain bandwagon to garner USER TRUST in their long term goals, all while simultaneously saving everybodys private keys for...security purposes.


Hint: This is great for blockchain and bitcoin but not great for you to use. Don't let microsoft store your private keys unless you are okay with your private keys being sold to the highest bidders in a few years when bitcoin is over 80K
 Quoting: Yew

Ok. You convinced me.

I'll buy back in at 2k.

Thanks for the tip
 Quoting: Anonymous Coward 77374119


clappa Expect big drops and steep rises. Play that field slowly and you win the game!
Satire is one of the few forms of protected speech we can use to, well, speak. Everything i say is satire and intended for entertainment purposes only.

Not a single communication to, from, associated with, or connected to this IP address in any fashion whatsoever, at any point in time (past, present and future), is intended to convey fact. This disclaimer proves everything I type is satire and meant to entertain other people ONLY. Any data which appears to convey a fact or truth is 100% purely unintentional and should only be construed as a playful attempt to joke, provide satire, or entertain. I am not liable for any information that has been, in any way, connected to this computer, IP address, network or person.
Yew  (OP)

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05/13/2019 11:06 AM
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Re: CRYPTO ADOPTION INCOMING: Microsoft Unleashes Decentralized Identity Tool on BITCOIN BLOCKCHAIN
When are the no-coiners going to understand that crypto isn't going anywhere?

Disney, WalMart and other HUGE organizations have already created their own cryptocurrencies or blockchains.

 Quoting: Yew


And that is the problem...too many blockchains, too many cryptos.

Which one should people choose?
There could be tens of thousands of crypto currencies in the future.

There will be no mainstream adoption until nations and institutions around the world agree to back & honor payment from a few of the main crypto currencies.

Also, all it would take is for one big hacking scandal and that could spell the end to crypto.
 Quoting: Anonymous Coward 40169223




Well neverfear, brethren! There are blockchains and companies known as 'oracles' that act as mediators between different companies and blockchains.

These oracles are the solution to the immense diversity within the crypto/blockchain community. There will be a handful of oracles out there that will eventually eat eachother up via partnerships until there is one master oracle able to handle the majority of the most desirable functions.

blockchain is still being advanced upon
Satire is one of the few forms of protected speech we can use to, well, speak. Everything i say is satire and intended for entertainment purposes only.

Not a single communication to, from, associated with, or connected to this IP address in any fashion whatsoever, at any point in time (past, present and future), is intended to convey fact. This disclaimer proves everything I type is satire and meant to entertain other people ONLY. Any data which appears to convey a fact or truth is 100% purely unintentional and should only be construed as a playful attempt to joke, provide satire, or entertain. I am not liable for any information that has been, in any way, connected to this computer, IP address, network or person.
Joe in JT
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05/13/2019 11:07 AM
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Re: CRYPTO ADOPTION INCOMING: Microsoft Unleashes Decentralized Identity Tool on BITCOIN BLOCKCHAIN
This is what most likely will happen. One crypto currency will take hold. Once everyone is on board the globalist bankers will cut into it somehow, take their cut, and track your every move. I'm staying with cash thank you.
Yew  (OP)

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05/13/2019 11:09 AM
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Re: CRYPTO ADOPTION INCOMING: Microsoft Unleashes Decentralized Identity Tool on BITCOIN BLOCKCHAIN
This is what most likely will happen. One crypto currency will take hold. Once everyone is on board the globalist bankers will cut into it somehow, take their cut, and track your every move. I'm staying with cash thank you.
 Quoting: Joe in JT 75049243


bitcoin will stick around until the banks have teamed up their blockchains with oracles and THEN will the other cryptos die out overnight
Satire is one of the few forms of protected speech we can use to, well, speak. Everything i say is satire and intended for entertainment purposes only.

Not a single communication to, from, associated with, or connected to this IP address in any fashion whatsoever, at any point in time (past, present and future), is intended to convey fact. This disclaimer proves everything I type is satire and meant to entertain other people ONLY. Any data which appears to convey a fact or truth is 100% purely unintentional and should only be construed as a playful attempt to joke, provide satire, or entertain. I am not liable for any information that has been, in any way, connected to this computer, IP address, network or person.
Anonymous Coward
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05/13/2019 11:09 AM
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Re: CRYPTO ADOPTION INCOMING: Microsoft Unleashes Decentralized Identity Tool on BITCOIN BLOCKCHAIN
As for right now, is Bitcoin still the best bet if one wishes to make profits on a long-term investment strategy?
Anonymous Coward
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05/13/2019 11:16 AM
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Re: CRYPTO ADOPTION INCOMING: Microsoft Unleashes Decentralized Identity Tool on BITCOIN BLOCKCHAIN
whatever
Anonymous Coward
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05/13/2019 11:19 AM
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Re: CRYPTO ADOPTION INCOMING: Microsoft Unleashes Decentralized Identity Tool on BITCOIN BLOCKCHAIN
My god.. You crypto nuts are baffling in your stupidity.

The only thing they are going to do, is to decentralize and use the inherent difficulty of faking a blockchain to ensure that you cannot... CANNOT! be anonymous.

They will use it to counterweight every movement online, and make sure that everything you do can be traced back to one single identity.
 Quoting: Anonymous Coward 75856653


the true crypto geeks knew that years ago
 Quoting: Anonymous Coward 73649866


tbf, there is one - used heavily on the darknet drug markets - designed using ring signatures, which provide certain mathematical guarantees of anonymity. It has some heavyweight academics behind it.

Wired: Monero, the Drug Dealer's Cryptocurrency of Choice
[link to www.wired.com (secure)]

"It is more difficult to follow the money with Monero," said Torbjorn Bull Jenssen, an investor and chief executive of Arcane Crypto, a firm that works with cryptocurrencies. "It has gained some attention among criminals, although its safety might be false: Academic papers have already shown its anonymity has cracks and flaws."
 Quoting: New York Times

[link to www.nytimes.com (secure)]

The flaws referred to have been fixed with the new RingCT technique.

Law enforcement standard procedure is spreading FUD on systems that are hardest for them to breach.

I believe it'll be banned in the near future.
 Quoting: Anonymous Coward 73649866


Ok...

1. Establish a baseline service, could be as simple as your email, but will probably be something like your bank account. This is now "protected for privacy" through blockchain.

Everytime you open another account, anywhere, you'll have to use a secured service to validate it. So every new service is now tied into your verified identity.

Anything after that, can simply be traced back, because it's very hard to hack a blockchain, so you can't be anonymous anymore at all.

Any service that exists outside of your verified identity chain can simply be flagged as something like "aiding terrorism" and now, having it becomes a crime.
 Quoting: Anonymous Coward 75856653


I was responding to [what seemed to be] your misconception that all blockchains are inherently traceable. That's not true.

There are a few that use highly complex mathematics to record the payment chain without containing any meaningful trace of your public key/address.

This is not only popular on the drug markets - go look at all the major crypto ransoms. Every time, the perp either requests or transfers (afterward) the funds through Monero, effectively breaking their trail.

That's why monero et al will never be allowed mainstream. Because your conspiracy is correct......
Anonymous Coward
User ID: 75856653
United States
05/13/2019 11:27 AM
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Re: CRYPTO ADOPTION INCOMING: Microsoft Unleashes Decentralized Identity Tool on BITCOIN BLOCKCHAIN
...


the true crypto geeks knew that years ago
 Quoting: Anonymous Coward 73649866


tbf, there is one - used heavily on the darknet drug markets - designed using ring signatures, which provide certain mathematical guarantees of anonymity. It has some heavyweight academics behind it.

Wired: Monero, the Drug Dealer's Cryptocurrency of Choice
[link to www.wired.com (secure)]

"It is more difficult to follow the money with Monero," said Torbjorn Bull Jenssen, an investor and chief executive of Arcane Crypto, a firm that works with cryptocurrencies. "It has gained some attention among criminals, although its safety might be false: Academic papers have already shown its anonymity has cracks and flaws."
 Quoting: New York Times

[link to www.nytimes.com (secure)]

The flaws referred to have been fixed with the new RingCT technique.

Law enforcement standard procedure is spreading FUD on systems that are hardest for them to breach.

I believe it'll be banned in the near future.
 Quoting: Anonymous Coward 73649866


Ok...

1. Establish a baseline service, could be as simple as your email, but will probably be something like your bank account. This is now "protected for privacy" through blockchain.

Everytime you open another account, anywhere, you'll have to use a secured service to validate it. So every new service is now tied into your verified identity.

Anything after that, can simply be traced back, because it's very hard to hack a blockchain, so you can't be anonymous anymore at all.

Any service that exists outside of your verified identity chain can simply be flagged as something like "aiding terrorism" and now, having it becomes a crime.
 Quoting: Anonymous Coward 75856653


I was responding to [what seemed to be] your misconception that all blockchains are inherently traceable. That's not true.

There are a few that use highly complex mathematics to record the payment chain without containing any meaningful trace of your public key/address.

This is not only popular on the drug markets - go look at all the major crypto ransoms. Every time, the perp either requests or transfers (afterward) the funds through Monero, effectively breaking their trail.

That's why monero et al will never be allowed mainstream. Because your conspiracy is correct......
 Quoting: Anonymous Coward 73649866


Not only will they not be allowed into mainstream if they can maintain separation. But they'll be rendered illegal and thus made into red flags by simply connecting to / Using.

And while they may not be able to discern your identity in the chain, they WILL be able to link back your identity to having connected to it, which means it's game over.
Anonymous Coward
User ID: 75856653
United States
05/13/2019 11:32 AM
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Re: CRYPTO ADOPTION INCOMING: Microsoft Unleashes Decentralized Identity Tool on BITCOIN BLOCKCHAIN
...


tbf, there is one - used heavily on the darknet drug markets - designed using ring signatures, which provide certain mathematical guarantees of anonymity. It has some heavyweight academics behind it.

Wired: Monero, the Drug Dealer's Cryptocurrency of Choice
[link to www.wired.com (secure)]

...

[link to www.nytimes.com (secure)]

The flaws referred to have been fixed with the new RingCT technique.

Law enforcement standard procedure is spreading FUD on systems that are hardest for them to breach.

I believe it'll be banned in the near future.
 Quoting: Anonymous Coward 73649866


Ok...

1. Establish a baseline service, could be as simple as your email, but will probably be something like your bank account. This is now "protected for privacy" through blockchain.

Everytime you open another account, anywhere, you'll have to use a secured service to validate it. So every new service is now tied into your verified identity.

Anything after that, can simply be traced back, because it's very hard to hack a blockchain, so you can't be anonymous anymore at all.

Any service that exists outside of your verified identity chain can simply be flagged as something like "aiding terrorism" and now, having it becomes a crime.
 Quoting: Anonymous Coward 75856653


I was responding to [what seemed to be] your misconception that all blockchains are inherently traceable. That's not true.

There are a few that use highly complex mathematics to record the payment chain without containing any meaningful trace of your public key/address.

This is not only popular on the drug markets - go look at all the major crypto ransoms. Every time, the perp either requests or transfers (afterward) the funds through Monero, effectively breaking their trail.

That's why monero et al will never be allowed mainstream. Because your conspiracy is correct......
 Quoting: Anonymous Coward 73649866


Not only will they not be allowed into mainstream if they can maintain separation. But they'll be rendered illegal and thus made into red flags by simply connecting to / Using.

And while they may not be able to discern your identity in the chain, they WILL be able to link back your identity to having connected to it, which means it's game over.
 Quoting: Anonymous Coward 75856653


IN addition, the probable way to achieve this will be to put some kind of environmental tax on product shipments.

I.e. Any product shipped needs to have paid the tax. Which of course will be directly traceable.

If a product hasn't paid the tax, it will be illegal for post, logistics, or courier services to transport it.

So now, your "secret" transaction has to be accompanied by a traceable one. Which makes any dark pool of transaction churning an immediate red flag. Etc. etc. etc.

The main problem with the crypto nuts is that they think they're smarter than the collective power of the government, and that's only true as long as the gov't doesn't really care about it.

as soon as the cost in revenue becomes noticeable, they'll find a workaround to crush it. And this system by MS is a perfect start.
Anonymous Coward
User ID: 77449933
Canada
05/13/2019 11:36 AM
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Re: CRYPTO ADOPTION INCOMING: Microsoft Unleashes Decentralized Identity Tool on BITCOIN BLOCKCHAIN
I draw your attention to this GLP OP from 2013.

You were warned then and warned again today.

Thread: Bitcoin Was Created By DARPA