UK Digital IDs Are Worse Than You Thought

[rusty.spork]

Ok, so the UK’s rolling out digital IDs - mandatory, not optional. We pulled the GitHub spec and… yeah, it’s exactly what you’d expect.

They could’ve used ZK proofs. Decentralized IDs… built it on Autonomi! Could’ve been privacy-first. Instead they built the perfect surveillance and now control apparatus.

This is the blueprint that’ll spread globally. UK today, everywhere tomorrow. Help get eyes on this - share it around, drop comments, you know the drill.

It doesn’t have to be this way!

Check out Jim’s latest video!

[Profess]

Isn’t that what John’s thread is about?

The Web: The Greatest Scam Since Fiat Currency

This is satire, but with teeth. Alice exaggerates, but the critique is real — and sourced.” The Web: The Greatest Scam Since Fiat Currency By Alice Vicious, PhD (Phenomenally Highly Distributed) [sCAM] The story of the Web is always told as a triumph: a digital frontier that democratized knowledge, connected billions, and unleashed creativity. It’s the modern myth of Prometheus — the fire of information gifted to humankind. But like all myths, there’s a shadow. The fire burns hotter than i…

[neo]

Still the real question is why have it in the first place. And maybe not how to make it more secure.

[realistiCinvestor]

Total awareness and surveillance which they (architects and advocates) is for the greater good.

However this is designed to fail, they are distracting the masses while they make this ubiquitous through indirect means.

[Profess]

The British Parliament has approved a new law that formally treats cryptocurrencies and stablecoins as legal property. The change means that the UK recognises digital assets as equivalent to other assets such as savings, shares or real estate, and that crypto assets can be owned, inherited and recovered.

UK Passes Property (Digital Assets etc) Act Formally Recognizing Crypto as...

[esquilax]

@Profess

The change means that the UK recognises digital assets as equivalent to other assets such as savings, shares or real estate, and that crypto assets can be owned, inherited and recovered.

IMHO the distinction between technical ownership (you have the private keys) and legal ownership (you prove in your legislation that you are the owner) does not get enough attention.

“Not your keys not your coins” might be true technically, but if someone can take posession of coins by court (basically what “Faketoshi” tried) is dangerous for free use of coins, as legislation might taint adresses as “unusable” (at least by regulated echanges).

I am aware that there is always a way out to move coins to Defi non-KYC exchanges or change to privacy coins, but as long as you want to use crypto legally, the increasing regulation makes free use more difficult.