DIDs make use of public key encryption, which does not require storing private data on a public chain to be useful. All that's needed is a public key directory for public entities, everything else can be verified based on said pubkey of those entities who issue credentials
a new identifier (pubkey) can be created for each organization you engage with
OPs argument seems based on imagination has nothing to do with how DIDs are meant to work
That's incorrect. DID make use of pubkey cryptography to create a new identifier for every entity one operates with... this argument is based on imagination
More importantly, there will never be more than 21 Million Bitcoin. That is the primary value it serves (beyond censorship resistance) it is not inflationary...
any scaling solution or consensus change that doesn't retain this important feature wouldn't be bitcoin, just another fork. potentially could go from PoW as long as supply is not inflatable it could still be considered Bitcoin (depending on whether users switched to the new version or not)
[edit/ downvote this all you like, pretending like warfare requires guns and armies when 2 different government elections have been attacked using social media, namely Facebook.]
> Data has surpassed oil as the world’s most valuable asset. It’s being weaponized to wage cultural and political warfare. People everywhere are in a battle for control of our most intimate personal details. From award-winning filmmakers Karim Amer and Jehane Noujaim, THE GREAT HACK uncovers the dark world of data exploitation with astounding access to the personal journeys of key players on different sides of the explosive Cambridge Analytica/Facebook data scandal.
"Natalie Haynes is a comedian, author and humanist whose appearance at QED 2013 was noted by many as their highlight of the event. She’s a regular contributor to the Guardian and has written for The Times and The Independent. Before retiring from stand-up comedy in 2009, Natalie became the first female nominee for the Perrier Best Newcomer Award at the Edinburgh Fringe Festival. Her 2014 novel ‘The Amber Fury’ served as a fiction-based follow-up to her previous non-fiction book ‘The Ancient Guide to Modern Life’ – exploring the lessons the modern world can learn from classical societies."
If you are curious to know more, I've collected an array of indieweb info on a site built with an Indieweb enabled Hugo theme, and detailed its features:
"IndieWeb Summit 2019 was June 29-30, 2019 (Saturday & Sunday), in Portland, Oregon; the ninth annual gathering for independent web creators of all kinds, graphic artists, designers, UX engineers, coders, hackers, to share ideas, create & improve their personal websites, and build upon each others creations."
Author of that web-page, and newfound IndieWeb fanatic
There was a lot of cool tech discussed during that livestream, so I made a page to more easily navigate its resources.
There are a ton of individuals and big companies in tech working through standardization bodies to create an identity layer for the internet, that no single organization is in control over. Google is not among them.
a new identifier (pubkey) can be created for each organization you engage with
OPs argument seems based on imagination has nothing to do with how DIDs are meant to work