In 2017 I developed a self sovereign identity solution, using locally stored attributes, verified using homomorphic encryption anchored to a blockchain. I vetted the concept with more experienced engineers and identity people It was flawed, so I didn’t do it. I didn’t yolo it.
Time and again, people build products, print money with their new token, they exit, and the token crashes. And then come with the “lessons learned”. They either didn’t do the research, or ignored it when people told them it wouldn’t work. This is totally unethical.
Funnily enough the only project I know of that has followed an ethical approach was Basis, that I believe returned the money when they worked out it wasn’t going to work. Then the guy goes and builds BitClout and destroys that bit of credibility
Oct 22, 2021 · 10:06 AM UTC