MicroStrategy Announces Decentralized Identity Platform | Bitcoin for Corporations
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- Опубликовано: 1 май 2024
- MicroStrategy Executive Chairman Michael Saylor and EVP of Engineering Cezary Raczko announced the firm's new decentralized identity platform "MicroStrategy Orange". The DiD platform was announced at MicroStrategy World: Bitcoin for Corporations 2024.
The unveiling of MicroStrategy Orange marked a new milestone in the integration of Bitcoin into enterprise solutions. This platform is designed to empower organizations to use and manage decentralized identity applications utilizing the Bitcoin blockchain, leveraging its robust security and immutability features.
Read more about the announcement: bitcoinmagazine.com/business/...
Learn more about MicroStrategy World - Bitcoin for Corporations: www.microstrategy.com/world-2...
#btc #bitcoin #bitcoinnews #markets #mstr #microstrategy #michaelsaylor #technews #technology #currency #digitalidentity 
Развлечения
Digital ID that you control is far better than having to give up your info to every online service. Think of all the times your info is compromised whenever some service you use gets hacked.
I'm curious how they tackle privacy with it, though. Bitcoin is natively only pseudonymous. This would be easier on something like Monero.
@@bobbysbits2575is Monero truly decentralized? Does it have the hashing power of Bitcoin?
@@bobbysbits2575 No monero. Bitcoin is the only network that is completely decentralized and secure from government control.
Guys wake the phck up, this is a decentralized Bitcoin-based digital ID, "a system of trust" as he put it, for the people, aka the 99%. An antithesis to the centralized, closed, controlled, and fragmented one. It's plain & simple in it's messaging. Big Yes to Mr. Michael Saylor. Thnk phck for the likes of him!
Midnight on Cardano will be far superior
@@hempchew4535 If you want to send that data across blockchains and bank private chains you will need an oracle. That is why Chainlink bought DECO from Cornell.
It's the natural progression of the Blockchain. My wallets are all linked in one way or another to kraken which I use to onboard fiat so I'm tracked anyway. Im very very deep in crypto but I fail to get my head around why some people are so against KYC
@@Mogsoni People are against KYC simply because they don't want the company to know who the customer is..
bravi ! looking forward to the developments here !
I think there are a lot of people in the comments that don’t understand the difference between a government based DID and a decentralised DID
Midnight on Cardano will be far superior
@@hempchew4535lol ADA keeps slipping further and further down the leaderboard. Just admit you’re sitting on bad bags.
@@hempchew4535 bitcoin network is the best and most secure network ever created. There is no second best. Cardano is centralized and easily can be controlled by a government entity, bitcoin cannot.
The two things are not mutually exclusive
arc block
THIS SHOULD BE USED FOR VOTING - tied to our SOC SEC number and BTC Blockchain! 1 VOTE per American!
anyone who says you can solve X with blockchain doesn't understand X and can safely be ignored
democracy is mob rule. it is immoral and unethical
@@mdevvvo professional yapper
😍
See: David Chaum
Decentralized identify has far more powerful uses than merely replacing a blue check.
Hit 247k today. Thank you for all the knowledge and nuggets you had thrown my way over the last months.Started with 11k in last year 2023
The world needs this. Get on board!
Midnight on Cardano will be far superior
@@hempchew4535 🤦♀️
He’s going to have to explain this a few hundred times before most people will get it.
“Most” as in a majority of people?
That will never happen.
@@m.vonhollen6673 Most people don't understand how pension funds work either but "most" people with some wealth have them. Ironically not me though. I'm 33 there is an age demographic timebomb coming...& I opted out when I got my first job after graduating, choosing instead to invest in one digital transformation theory advised by some guy who wrote a book about it back in 2011. I can't remember the dude's name...
Decentralised ID is better then a government digital ID but the issue is that we should be able to remain anonymous for the vast majority of things.
We need to push back against surveillance.
This is not a service for anonymity. Most people enjoy the benefits of being a public figure or trustworthy, known source
If anyone doesn’t recognize that Michael was CEO for 33 years before moving in to his true calling, you’re not paying attention.
?
Wow this will solve identity across the Internet
@@jb9433by using carrier pigeons to transport messages guarded by security owls. Obviously.
Yes! Yes! Yes! Have been waiting for this to get the ball rolling on a solid solution for 4 years!
I’m building something similar
Saylor came in mid sentence like a BOSS 😂
Came up on stage sighing 😂
Michael Saylor for president!!
" WE CALL THEM POOR " 😅😂🎉❤
So it’s PGP but using the Blockchain as a key server?
ILY Michael Saylor, so hard my bro... There is no second best!
I don't see the depth of it. Isn't it just alluding to bitcoin?
Incredible!!
MS is the Alchemist
WOW! If it's honest, if it's true, if it works.
In Michael we trust.
Think for yourself.
Nevertheless, if we are cooked, we already are. 😏
Not sure I am on board with this.
I'd hope the higher-ups would reconsider the impact this could have on bitcoin, including any potential harm this could cause.
Sort of a neat idea, but I am not sure we need to do this with bitcoin. Especially when so many long-time bitcoin devs have pointed out several critical issues with this.
The only way to stop it is to stop bitcoin at this point
Well OTOH, with Fidelity (now) and Saylor (later) paying the salaries of the Core Dev’s…
They better follow his orders.
And especially so, if this happens on a new L2 - Saylor Chain.
I wonder how many times Michael Saylor has said 'bitcoin' in his lifetime.
Atomicals protocol will allow bitcoin to be adopted more. Smart contracts in bitcoin are coming at layer 1
There's a use case with this that provides a foundation, along with a smart contract, to show proof of ownership of a physical asset, like property. So what would be the consequences? One more responsibility that the individual can assume that we normally depend on legacy governments to provide. The blue sky here is government gets deprecated a little more. Look to MSTR being solicited (or forced) to provide back doors. Needs to be open sourced asap.
MSTR should use a Sivereign chain in multiversx blockchain.
*sovereign chain
Atomicals Protocol fits the description of digital objects, hosting, media, etc….built on Bitcoin hopefully we can hear Michael Saylor using this protocol.
Smart Contracts are coming to Bitcoin, AVM is the only solution I see to make everything work
Someone has been listening to Charles Hoskinson closely for the last several years.
How can ppl not see through this
Did he bring up web friction in lex freedman's podcast? I appreciated that idea. This is that idea refined yeah?
How much will an orange che k verification stamp cost per tx?
ICP has something similar called "Internet Identity"
So in the future i can use this to create account and log in anywhere without the need of an email address and password?
IS THIS MSTR ON SOLANA ?
👍
OK so who decides you are who you are? Who holds the information that connects your info with your orange check? Also none of these online accounts we connect with are decentralized, they will still have access to all your information and governments will still be able to track you and what you do.
Going to need an oracle for that. Chainlink bought DECO from Cornell. Not locked to maximalism and one blockchain. Blockchain agnostic.
the problem with x is that it allows a name to be put it, it should show the username , but even that is typed with similar characters... it needs to be more than just a check mark.
I see Natalie, and instinctively try to skip a bunch of ads 🤣
can i utilize this with, say, a smart contract to buy a house?
Great initiative but isn’t worldcoin tools for humanity doing
This? Albeit it’s not on bitcoin network
Could it be used to authentication login on a system?
It could be used to login to everything that is yours.
What is the price of the solution? Is this not kind of centralisation, as only the one who shedules the orange ID makes the link betwenn the real person and the inscibed (in BTC chain) key. To me this sound like an oracle problem. But I could be totaly wrong. To avoid this, there should be "orange nodes" to share the database as well.
I'm just a layman, but for onboarding, would relying on Microstrategy "scribing" it to the chain be in fact a centralized process? And this DID & public key sounds like it exists on the orange server(22:02), would this need to be decentralized or do we 'trust' yah?
The public key is on the BTC blockchain. Everyone can access, the world. The point is anyone can see the public ID but only the owner has the secret that can sign the message.
I love bitcoin. But with that caveat, I have to say Cardano/ADA has had an identity protocol and its cryptocurrency for almost 5 years now. It’s actually in use in many places around the world and is about a secure or more you even then bitcoin’s current idea.
I would hope that Michael Saylor (there's lotsa great software background here) would help to figure out all the Crypto/keeping/holding problems that keep people out of this market. It seems to me that the person that will make a fortune, will be the one that provides a software/bio/historical way to Safeguard crypto that people own... other than the current Standard of requiring them to figure out how to use Cold Storage wallets... and without the subsequent risk of then losing your secure words and phrases! Michael... let's task you with figuring this stuff out... and then you can make your NEXT fortune!
It could not be built on sha256 due to threat of quantum compooting could it?
If quantum computing becomes standard, then it can also be used to secure the network.
SHA256 is already quantum resistant. Even a quantum computer can only theoretically be as fast as 2^128 operations against hashes like this using Grover’s search.
Kilt protocol already in decentralised identity
For the people who watch this and don’t understand what he’s saying then try putting the playback speed slower.
The next revolution in Bitcoin wallets:
Decentralized identity leveraging the Bitcoin protocol has the potential to transform existing wallets by eliminating the need to store or memorize a mnemonic seed. This is achieved through the use of cryptographic keys tied to unique identities, allowing users to access their funds securely without relying on a mnemonic seed. This approach enhances security and convenience, as users can access their wallets from any device with their decentralized identity, without the risk of losing their funds due to forgetting or losing a mnemonic seed.
Well if your DID is stored on chain, then to access your ID, or Coins, this would require an on-chain transaction, yeah ?
PGP with extra steps
China would be very interested in this tech.
Only if the CCP has control over it.
Holy shit… fckin brilliant
but what if someone steals your private key ... people are bad in storing data securely.
I always thought it would great if satoshi would be doing these kind of public appearances but he is just watching from the sidelines.
Sounds promising. I’m told Fax (19th Century) more secure than
email. IRS requires Fax, etc.
Carrier pigeons are the most secure. No leaky beak.
This blockchain based authentication is not a new idea at all, but it makes all sence to be run upon Bitcoin 🚀
I think Midnight on Cardano will be a lot better
Ethereum for the win 🏆 🙌
CHIA (XCH).. has these 2 years AGO!!!
but it´s a shitcoin, so nobody cares.
Nice tech, but unfortunately, today xch is a dead chain.
@@mattko have you see the CADT?
Ask yourself the question: What is an ID?
The more you think about it, the more you realise what a clever name Orange is.
I like this company. Owning some stocks and want to build something on top of their products.
BITCOIN IS EVOLVING!
👀
Saylor went full Thanos and said "Fine I'll do it myself"
I think Midnight on Cardano will be far superior
@hempchew4535 Charles Hoskinson is charming but I now believe he is a fraud and Cardona will slowly be eaten away by other chains such as Solana.
As for a source of trust that will be accepted by everyone I think Bitcoin is the optimal candidate as the most recognised, trusted and decentralized. Although for peer to peer payments either some form of cbdc (hope I am wrong) or Solana as if they successfully deploy firedancer than its checkmate for most other chains with over 1 million tps.
A world digital ID. A global social credit system
Hasn’t he been saying Apple or Google should incorporate this tech into their phones and biometric I’d so the wallet problem would be solved. But they don’t do anything? Looks like MS has to do it himself. Hopefully Apple will pull their heads out and adopt it.
Wow this is basically copying Cardano and their digital ID . It’s open sourced so it’s no big deal but this isn’t novel tech. The more the better
We always knew Microstrategy would eventually create this!!!!
Verbal Meme Time: Microstratey- Give us your Public and Private Keys 💩
Well.if it's decentralised then perhaps it could be a counter with the governments digital id social score crap
Ah, the Trojan horse reveals itself
Too much kitco 😂😂😂
does anyone still know that they hacked a very popular youtuber
brdaha turklere yaklasma micro bozuntusu AUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUU
Cardano
Midnight
oh no, here we go again
Someone please out Bitcoin out of it's misery
Bitcoin is far from being in misery.
@@m.vonhollen6673 The misery comes with the realization you have been duped. Every proposed solution to Bitcoins problems, adds the need for extra electrical energy to keep those "bitcoin plates spinning".
It already takes about $43,000 of electricity cost, to mine the next Bitcoin, which is "" worth"" $50,000 today. About 6 days ago it was "" worth "", $45,000.
If you cant see the problem, you can be certain that the miners can see it.
Your get rich quick scheme, needs either, more fools to come on board, or the miners will have to increase (continuously), their transaction fees, to the moon.
Enjoy your delusion, while it lasts.
More orange pill moonboy madness lmao, Midnight/ Cardano way better for this Bitcoin has gone from a great idea to a centralized money making venture.
Before any of this stuff he is talking about can make sense, BTC must first be kept off limits to the governments dirty hands. They are working over time to take it from you all
This could become the biggest thing to happen to freedom since
July 4th, 1776 !!!
50 years later. Saylor invents PKI. What a dork.
Sure plan to become the next enemy of the state...don't let them Assange you..get out while you can :)
Cardano already doing this on a more decentealized network for cheaper. Bitcoin is expensive antiquated tech to build this on
LOL
Maybe people prefer antiquated, proven, reliable tech to new, unproven tech when it comes to protect their investment?
You're high 😂
its only cheaper cause nobody is using it, also its preminded, centralized.. TLDR: a shitcoin
So, are we downvoting this video?
Sounds like a bunch of Blockchain gloat. The use case for bitcoin is money. You can create some all coin for that email stuff. You don’t need Satoshi‘s anonymity for it since it is not controversial like the money use case.
Michael saylor. "what if we could create something that will make us MSTR rich and allow governments to track and trace everything you do." All in the name of bitcoin Freedom!
Best part is, YOU don't have to use it.
It's a DECENTRALISED id protocol.
@gehrhardtschneider Which relies on a hack. It's basically broken because they're trying to shoehorn this into a system which is not designed to operate in this way.
Says the idiot who already uses a legacy system that tracks your every move 😂 it’s ok to just say you don’t understand how this works instead of lashing out cause your peanut brain can’t comprehend 😂
How will it allow governments to track and trace all we do?
why so much gibberish??
🤮
Hacker
I have been involved with bitcoin since 2016. Michael is using bitcoin the wrong way.
One billion percent but there’s too many “line go up bigger number life more gooder” morons in the world
Too much btc in hands of tptb. And they've captured mining while buying indie miners w fake infinite usd. They have control of supply, once again.
I do wish that the more dystopian or purely evil uses for Bitcoin for digital ID's would be included in these presentations/discussions. It's not like governments haven't already thought of how to do this in the most highly centralized way possible. Right?
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