The future solution for, in some cases, inadequate management with our identity information can lie in NFT-based DIDs (decentralized identifiers) / VCs (verifiable credentials), or i.e. lately proposed soulbound tokens.
Otec.@otec
One of many benefits of DIDs/VCs is that:
“The end-user is in control of their information and decides how much they want to interact with or be targeted by businesses and marketers — if at all.”
Otec.@otec
With the ongoing turmoil it wouldn't be a surprise to see outflow of users from centralized exchanges to those where users are reliant exclusively on themselves.
Otec.@otec
In decentralized financial system the services are consistently accessible, and no centralized organizations can block installments or deny users admittance to anything.
Otec.@otec
On CEX most of the control over the account remains in the hands of the third party which runs the exchange.
As such, this third party can be hacked, mismanaged, go bankrupt, etc.
What we're seeing with the FTX contagion is purely people's fault.
Otec.@otec
Self-custody
- signifies that only you have the possession of your digital money or other digital assets because you control the private key.
Let's iterate on this over and over.
Otec.@otec
If trust is being misused and eventually exploited for illicit actions, it is very hard to get it back, if at all.
Regardless whether it is in relationship with S/O, any third parties or, in this particular case, CEX.
Otec.@otec
Even with the proposed Proof of Reserves solution (be it built by Vitalik or whoever) it might not be enough to regain.
This should have been here long before to gradually build it up with users and earn a credible position.
Otec.@otec
The following week I'll be in Lisbon 🇵🇹 for not only learning about crypto, but motives, skills and leadership qualities from all the insightful people staying there.
Really looking forward to all the opportunities and knowledge. 🤗
/Twitter
Otec.@otec
This has probably got your attention already some time ago.
I just want to highlight how early we are being here and actively following the blockchain space.
We can't even imagine how hard these big whales are in it.
Let that sink in.
Otec.@otec
It's almost end of the month and some juicy events are ahead of us.
Who could I possibly bump into during Breakpoint? Hit that 🤍 button.
Let's see how many of us are going there.
To be a creator is like having a constant burden of fighting with disappointment.
We seek for attention of others in exchange for their appreciation.
Otherwise, if we don't deliver well enough, we disappoint 'em and they forget, move on.
Otec.@otec
This unstoppable circle of consumer society is always after some craving for attention breaker.
We need to constantly satisfy their desires so they want more.
Otec.@otec
This goes hand in hand with creativity and resourcefulness.
The inspiration is everywhere around, we just need to take the most of it.
But who will win this race? Only those persistent.
Otec.@otec
So be the leaders, not followers. Watch out your pace and create. Inspire and aspire. Don't strive to reach others' goals, only your own.
This is what I see behind Only1 motto: it's not specified for all, there's only one behind yourself. It's you.
Otec.@otec
Today is the day.
Otec.@otec
Any decentralized social network that makes the creator of posts pay the fees for posting is actually a pretty wise economic incentive for both the platform and creator.
