Fraser 🆔⚛️ Profile picture
CEO @cheqd_io Boulderer, bike builder, backpacker
Nov 15, 2022 32 tweets 16 min read
1/ Talk about #proofofreserves /liabilities/solvency as the solution to @FTX_Official misses the surrounding parts which could make crypto a viable alternative to the fiat system. Join as we journey through:

☑️ Quality of reserves
💸 Capital &💧liquidity
💰 Collateral

#FTX 2/
🧾 Transaction histories and 💳 Credit scores
% Fractional banking
🪙 New money creation

with a little bit of:

🆔 @w3c Verifiable Credentials #W3C

to build consumer protection and stop this happening again🛑. It's going to be a long one, strap in!

#FTXScandal
Aug 15, 2022 7 tweets 4 min read
This thread articulates the problem well enough but I'd argue it incorrectly equates

1."#identity data able to be consumed by the chain"

and

2. "identity data must be on the chain".

The answer is less data on-ledger not more. First, an example using #TornadoCash .👇 Hopefully everyone is aware of what happened to #TornadoCash over the last week and most terrifyingly, the developer being arrested.

The main outcome for us to focus on is a tonne of addresses are now denylisted by a mix of protocols, DEXs and CEXs.
Jul 29, 2022 20 tweets 8 min read
How @discord is a scammers paradise 🏝

A story /🧵 on how the lack of a trust layer 🤝 for the internet creates a breeding ground for scams / scammers with #red flags 🚩 to watch out for along the way. 1/ First, some team background. A lot of our team have backgrounds in fraud prevention / #investigation 🕵️‍♂️ which we’re extremely lucky to have as it prevents 🛑us falling for what you’re about to read.
Jun 11, 2022 14 tweets 12 min read
#web5 is a genius marketing move to capture #SEO for what is mostly self sovereign identity #SSI but the key part is, it's the basis for #decentralised #twitter which we saw the first hints of at internet identity workshop #IIW

Some more thoughts👇

1/ First up, this is exactly the publicity that #SSI has been missing for global adoption!

There has been a great and growing community beavering away on this for years but the dam is finally breaking on awareness and adoption.
May 25, 2022 17 tweets 8 min read
1/ Soul Bound Tokens (SBTs): verifiable credentials with better branding (?) but much worse privacy behaviour

Strange to see this from @VitalikButerin given he co-authored a paper which forms a component of self-sovereign identity (SSI):
danubetech.com/download/dpki.… 2/ Let’s first take some of the use-cases in the paper:

- University degrees: Already done using VCs by @IdentityRamp
- Certifications: being rolled out for doctors by @truu_id, @CondatisUK & @evernym amongst others

Not soon to come, either done or being productionised Image
Feb 8, 2022 12 tweets 4 min read
A prime example of the #internet missing a functional “identity layer”

In this case, resulting in a toothless policy publicised on #internetsafetyday

🧵👇 1/ A previous version of this was proposed in 2019 and subsequently dropped as unworkable.

theguardian.com/culture/2019/o…
Jan 21, 2022 9 tweets 6 min read
What connects @Apple #Airtags, @ethereum (#Ethereum) naming service (#ENS) and identity using #NFTs?

🧵👇 1/ The law of unintended consequences, specifically unintended tracking.

Read on for the parallels and contrasts
en.wikipedia.org/wiki/Unintende…
Jan 20, 2022 10 tweets 5 min read
1/ 2 members of our team ( one was me) almost missed flights recently and a 3rd actually did. More airlines & airports need to adopt @IATA TravelPass which implements #SSI for aviation.

My (definitely not unique) frustrating story working back from departure (the worst bit) 👇 2/ To return to the UK I needed:
- Passport
- Passenger locator form
- Vaccine certificate
- Antigen or PCR test
Because airlines are fined for allowing people to travel who shouldn’t be, the front desk was checking the details against each other, e.g. passport numbers.