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Microstrategy wants to spam the Bitcoin blockchain with his "shitidentity" idea.
3947 sats \ 25 comments \ @javier 2 May bitcoin
The gov complaint corporation owned by Michael Saylor and Blackrock, Microstrategy, wants to spam the blockchain of Bitcoin, storing data of a proprietary software that tries to substitute PGP, a free software invented like 4 decades ago, that has been heavily used until now (for example, Satoshi used it to sign all his msgs). If we didn't have enough with runes and ordinals, Saylor now wants to patrol you and store your personal information and identification in the inmutable blockchain of Bitcoin, and meanwhile saturate it so your tx will cost even more. I call this new invention shitidentity.
There is zero need to store any of that in the blockchain, PGP has been storing that data in private and public servers for decades without a single problem, and it is fully decentralized. Any person or organization can store their own database of known PGP emails or information, and they can edit them at any moment, because this information changes over the years and shouldn't be inmutable. There is even less need to make your id public to the entire world. And even less need to force thousands of nodes to store that shit.
https://m.stacker.news/29289https://m.stacker.news/29290
You can watch this shit here:
https://www.youtube.com/live/lwqLXaYoavE?si=UAh8yeBKHFUNfpjk&t=4291
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41 sats \ 2 replies \ @teemupleb 2 May
Could Saylor have done this with Nostr keys? Why inscribe these on-chain? Just so that plebs couldn't afford to use the chain? To kill the medium-of-exchange use case and make plebs "own" IBIT and use custodians?
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21 sats \ 1 reply \ @javier OP 2 May
He's trying to kill two birds with one stone:
  1. Patrol you and control your identity online.
  2. Saturate the bitcoin blockchain so the pleb cannot accumulate onchain anymore.
Nostr is just a more advanced version of PGP with relays, to put it simply.
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21 sats \ 0 replies \ @nikotsla 3 May
I like this definition Nostr = IRC + PGP
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31 sats \ 1 reply \ @TheWildHustle 2 May
Its like he's trying to re-create nostr on bitcoin......
I'll stick with the Npubs.
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21 sats \ 0 replies \ @javier OP 2 May
He is trying to recreate PGP... reinventing the wheel, but making everybody dependant on his stupid corporation. It won't work, but he is trying.
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10 sats \ 2 replies \ @freetx 3 May
Doesn't Microsoft have some identity program running on Bitcoin? ION?
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3 sats \ 1 reply \ @javier OP 3 May
No idea, does it?
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31 sats \ 0 replies \ @freetx 3 May
yeh.
https://identity.foundation/ion/
I have no idea how this corresponds to what Saylor is doing, as I'm not interested in either, thus cant be bothered to dig into them.
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42 sats \ 0 replies \ @BitByBit21 3 May
I like this take by Vitor Pamplona published on Nostr today:
Saylor is trying to create a trust anchor. But since anyone can create their own DID:BTC without Microstrategy's approval (lots of spam), the anchor must be Microstrategy's KYC platform.
Microstrategy will have select DID:BTCs they have approved and probably KYCed to receive the Orange check. This means, Orange check verifiers must not only check the DID Document but verify if the DID itself was signed by Microstrategy's master key.
Like Odell would say: ORANGE CHECKS ARE JUST BLUE CHECKS FROM A DIFFERENT COMPANY.
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25 sats \ 2 replies \ @emmanuelrosa 2 May
The best way to stop this kind of shit is to stop attending the numerous pointless, stupid, Bitcoin conferences.
Instead of stuffing their auditoriums with our warm bodies and gullible eyes, give them a room full of empty seats.
There's no need for a Church of Bitcoin.
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3 sats \ 1 reply \ @javier OP 2 May
Well said. And bitcoiners should stop to worship bitcoin mesias, because they all end up betraying us.
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21 sats \ 0 replies \ @Fabs 3 May
Wanna hold my hand real right, Javier? I'm scared.
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21 sats \ 1 reply \ @Coinsreporter 3 May
He is actually trying to become the Bitcoin God. You can see it everytime he talks online. He just tries and shows everyone that heis the saviour of Bitcoin because he doesn't sell when Bitcoin price crash. People only like him for he pretends to be the most knowledgeable.
But for me, he is another Bitcoin Hypocrite.
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0 sats \ 0 replies \ @javier OP 3 May
He is just about NGU, there are many.
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21 sats \ 0 replies \ @TheBTCManual 2 May
Lol bold move cotton lets see if it pays off for him
https://i.kym-cdn.com/photos/images/original/000/559/963/385.gif
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1 sat \ 0 replies \ @itsMoro 2 May freebie
this bullshit will continue forever, get ur lightning house in order as its the best way to protect yourself against this shit and use your fuck you money in whatever fuck you manner youd like.
0 sats \ 1 reply \ @Fabs 3 May
That's why we can't have nice stuff, people: some individual with enough money will come along and ruin it all for a chance to bump up his own ego.
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0 sats \ 0 replies \ @javier OP 3 May
He will fail, don't worry.
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0 sats \ 0 replies \ @xz 2 May
Please no.
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0 sats \ 1 reply \ @wealthcrumb 2 May
This is such a lame feature IDK why people are freaking out about it lol
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0 sats \ 0 replies \ @javier OP 2 May
Who is freaking out?
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0 sats \ 0 replies \ @26fd6d4e29 3 May freebie
I guess the new value comes in leveraging the Bitcoin signing devices (coldwallets etc) that has a growing install base.
0 sats \ 2 replies \ @Satosora 2 May freebie
I dont get this idea of storing useless stuff on the blockchain. Wont it just make it more data to process in the future? Isnt this actually a disservice to ourselves later on?