Ross Power Profile picture
Jun 5 6 tweets 6 min read Twitter logo Read on Twitter
@ankurb making the @cheqd_io team and community proud with an amazing speech @Gateway_Conf on social reputation in web 3 and our vision for a @cosmos-wide #InterchainReputation

Read on for highlights, @Creds_xyz insights and even @ankurb's meaning of "identity herpes"

👇👇

#1 Image
At @Creds_xyz we're building a Zero-Knowledge & Privacy-Preserving Decentralised Reputation solution...

Why is this so important?

creds.xyz

#2
First you've gotta understand what a social reputation looks like in Web 3...

Generally with Web 3, plus in the standard social media platforms, users are known by their social or chain 'handles'

As @ankurb shared, @VitalikButerin's ENS handle is vitalik.eth

... but is it?

#3 ImageImage
These handles are SO easy to fake, generally with subtle changes

In the past month I've experienced this first hand, with multiple @instagram accounts impersonating me using slightly altered versions of my handle (rosspower) and having full conversations with my friends

#4 ImageImageImage
The scale of impersonation is a massive problem, with @Twitter suspending 249,572 accounts in just 6 month (Jan - June 2022)

We also see this ourselves @cheqd_io, with our own groups impersonated, and not shut down despite continuous attempts

#5 ImageImage
So why not just use NFTs or SBT (Soul Bound Tokens) to prove your identity?

To @ankurb NFTs for reputation is 🦠"identity herpes", as anyone can drop them in your wallet, 🚫 you're constantly doxxing yourself, and you need to spend tokens to get rid of them (🔥 burn them)

#6 Image

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More from @rosspower

Jun 5
Highlights from Building Communities that Laugh & Last @Gateway_Conf with

@JakeHartnell - @JunoNetwork, @Yannimoto - @ChorusOne and @ZKValidator

Moderated by @samantha_bohbot ImageImage
🚀Communities are all different kinds of shareholders, with different needs that have to be met - contributors, validators, developers…

What you want is for each to care about the product and engage is shaping it based on a shared vision
“Community is the only moat within crypto. It’s the only thing that can’t be copied!” — @JakeHartnell
Read 14 tweets
Jun 4
Brilliant presentation by @GjermundGaraba @empowerchain_io in the @Gateway_Conf Pitch & Demo Competition with @Rockaway_X

Use cases like this are what blockchain is all about - gets me pumped and reminds me of why I first cared about the space!

What’s @empowerchain_io about?… twitter.com/i/web/status/1… Image
♻️There’s huge value in waste…

🗑️And yet each year we throw away trillions of dollars worth

Why? ImageImage
⚙️Our systems are not geared towards getting this value back as we have a linear system with no incentives…

But it’s changing!

👨‍⚖️👩‍⚖️📜Policy and regulation is forcing this through, but there are few solutions which work to incentivise action Image
Read 6 tweets
Apr 20
1/ Pumped to have released @creds_xyz this week...

We're creating a new way to establish a trusted, verifiable, interchain reputation, that enhances the community experience, across the @cosmos ecosystem...

So what's #Creds all about?

creds.xyz

👇
2/ At @cheqd_io we're building the infrastructure for Decentralized Identity, centred on establishing trusted, verifiable relationships between 3 parties

1. the Issuer (of a Cred)
2. the Holder (of a Cred)
3. the Verifier (of a Cred) Image
3/ Creds both allows users to interact with the @cheqd_io network AND crucially offers us the opportunity to experiment / "dog-food" cutting edge features, like our our first-of-a-kind payment rails, quickly so we can iterate and improve at pace...
Read 20 tweets

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