Thread by @0xJim

1/ Takeaway from ETHcc #4: identity is the next big problem to crack

3 big identity moments:
1. @VitalikButerin mentioning login with Ethereum + attestation
2. @StaniKulechov's talk on credit delegation re: reputation
3. increasing mentions of Proof of Humanity

2/ Login with Ethereum is something that we already do today, but needs to be seen as its own Web3 primitive

We log in with our MM to dapps and NFT project UIs. All of our data is self-custodied and composable (balances, token/NFT holdings, gated UXs)

3/ We can expand this use case into something greater. What if our ETH addresses were the gateway to all of Web3?

And we can permission access to our information into different Web3 apps: social media, financial services, healthcare even...

Vitalik mentions this in his talk

4/ You all know my soap box about decentralized social media, which in the context of Identity is only a small use case for what we can use our self-custodied information underneath our ETH address

Web3 social media is a UI that reads our wallet data

https://twitter.com/0xJim/status/1418287807123005444?s=20

5/ Add in the attestation of PoH, @poapxyz, other NFTs as affinity/loyalty/signaling that wallets become full-fledged profiles that showcase more about an individual than any Web2 platform can do right now

Link to Vitalik talk here

6/ In @StaniKulechov's talk about credit delegation, an easter egg came at the end during the Q&A

When asked about reputation, topic of building reputation tokens came up: borrowers of credit delegation prove their good track record + get access to undercollateralized credit

7/ Aave is also thinking about decentralized social media, so it's possible that these reputation tokens can be multi-purpose: for a purely financial use case (good credit score), for a consumer use case (think karma for Reddit), and for DAOs too

https://twitter.com/JordanLzG/status/1419704629382762499?s=20

8/ Last piece is tackling the problem of identity as it pertains to anti-sybil resistance, 1 human = 1 wallet

More and more projects are thinking about Proof of Humanity or other ways of ensuring that humans are actually voting in DAO governance

https://twitter.com/0xJim/status/1419366842196500483?s=20

9/ Attestation of identity is a tough problem space that will require a lot of experimentation

Some folks were discussing 1 NFT = 1 vote related to NFT-centric DAOs, off-chain vouching in the form of Aave's Credit Delegation

https://twitter.com/santisiri/status/1420055379774480393?s=20

10/ This comes on the back of an English petition for "verified social media accounts" to prevent astro-turfing, troll accounts, and hate speech online

Really fascinating problem space rn

/thread

img src: NYT