Identity is the New Money (Perspectives)
eagerly embrace new identities that are still recognizable as legible to the “traditional” economy. They gravitate to titles like a startup founder,
Paul Millerd • The Pathless Path: Imagining a New Story For Work and Life
Blockchain-based accounts are one potentially well-posed solution to the needs outlined above, offering self-custodial data and universal login. Today, creating an Ethereum-based account does not require entering any personal data, and a subject may create an unlimited number of accounts, each represented by a unique address.
Kei Kreutler • Inventories, Not Identities
Once identity is solved, credit risk becomes easier. You can’t commit fraud or default on your debt just by wriggling free into the ether; your credit history is immutable and follows you everywhere. In a fully transparent world — even if pseudonymous — willingness to pay becomes a given, and so the analysis can focus on ability to pay.
Matt Harris • The Future Of Money: A Complete Revolution
As pseudonyms become more verifiable, they become more valuable. Increasingly, pseudonyms in web3 can verify inventory (money, digital goods) and history (proof of attendance, transactions, content creation). As we do work for organizations and communities under our pseudonyms, they become more valuable.