I don't like the term "FUD", meaning "fear uncertainty and doubt".

Or more broadly, I think it's over-used. When people criticize something, a common response is "that's just FUD".

But, you *should* feel fear, uncertainty, and doubt sometimes about any given thing. That's healthy. That's what makes you not in a cult. And addressing that fear, uncertainty, and doubt in an honest way, and constructing a sense of probabilities from that, is what builds conviction to move forward and invest time or money into that thing.

BITCOIN - MicroStrategy Orange: the proposal for online identity based on #Bitcoin

On May 1st, during the MicroStrategy World 2024 event in Las Vegas, MicroStrategy announced the development of a new open-source solution for decentralized identity management called MicroStrategy Orange. The solution is based on Bitcoin’s decentralized identity (DID) protocol, which utilizes UTXOs to control identities. Decentralized Identifiers (DIDs) are a type of unique identifiers that allow entities to be identified in a decentralized manner, without the involvement of a central authority.

The DID method of inscriptions on Bitcoin (did:btc), used by MicroStrategy Orange, leverages inscriptions embedded in the witness data field to store and retrieve information about DIDs, utilizing UTXOs for DID control.

MicroStrategy Orange provides three main components: the Orange service for organizations wanting to issue DIDs, the Orange Software Development Kit (SDK) for developers, and Orange applications such as “Orange For Outlook,” which integrates digital signatures into emails to verify the identity of the sender.

During the presentation, Michael Saylor stated:

"Wouldn't it be great if instead of a blue check, green check, etc., there was an orange check that was a global standard? With MicroStrategy, maybe we could approach this idea of decentralized identity, with Bitcoin."

According to Saylor, MicroStrategy Orange is capable of processing up to 10,000 DIDs in a single #Bitcoin  transaction. The system aims to simplify the adoption of DIDs for organizations and individuals, offering a way to manage online identities securely and pseudonymously.

The community’s thought:

The reactions to the proposal have been mixed. While proponents of the Ordinals and inscription protocol have enthusiastically welcomed the proposal, skeptics have expressed their doubts about it.

@giacomozucco (Giacomo Zucco), director of the Plan B Network project, stated:

"One ID for one UTxO doesn't scale (we need Todd-style single-use-seals). If it did, we would already have: BitAuth, BitID, ION, and other hundreds attempts. Even if another attempt like that was needed, using the term "inscription" or saying that the witness "saves blockspace" is retarded."

@francispouliot_ , CEO of Bull Bitcoin (Francis bullbitcoin.com ), stated:

"Using inscriptions to create digital IDs on Bitcoin is so retarded that I'm not concerned it will go away. Saylor is doing it because BMag [Bitcoin Magazine] people hyped inscriptions as cool and edgy tech.

Its even more dumb then ordinals because at least with ordinals you can do scams."

The @lnp_bp (LNP/BO Standards Association) commented:

"The approach on BTC DID is similar to our SSI, but not that much: MSTR proposal requires to create a bitcoin tx per identity, i.e. it simply won’t scale, would be expensive and not adopted. SSI does not have that limitation."

Lol terrorists pointing fingers at other terrorists

Write an essay, using no more than one word, how to fix the world.

ACT!

DO SOMETHING!

No matter how small or insignificant your action, when many act together it can move mountains.

EVERY TIME THEY ATTACK BITCOIN --> SPEND 10 MINUTES ON PRODUCTIVE ACTION TO:

1. Improve your privacy

2. Protect your property

3. Defy their censorship

The FBI has now joined the marketing department for #Bitcoin and #Nostr

Best time to be alive.

Civilization is the progress toward a society of privacy. The savage’s whole existence is public, ruled by the laws of his tribe. Civilization is the process of setting man free from men.

~ Ayn Rand

How ironic that today Portugal celebrates "Freedom Day" when just yesterday they arrested someone for writing code and handed them to the americans without as much as a trial?

RIP Samourai