/biz/ - Business & Finance

Just got some bag yesterday. Hope to see the new LINK

Self-sovereign identity system makes you in control of your identity. This will be an essential part of DeFi and regulated blockchain. Bridge Protocol is an American company for about three years now, but only recently they have released their product on Ethereum. There is no doubt that this will be the next big thing.

>>21049757
indeed, SSI is the new hype in crypto. No SSI, no DeFi. No SSI no mass adoption and Bridge has been working for 3 years on it. The results are there.

Yeah! Awesome to see BRDG doing well. Very undervalued at the moment, under the radar development. Long term investment.

This will bend the knee to kleros if it ever gets off the ground during the GBR.
Screencap this.

>>21049872
Not sure what does it mean, but crypto will need several SSI providers. Bridge is open source, then many start ups will profit from it. Bridge as US company might get more support here.

>>21049872
For sure! Imagine a micro cap that is actually a US based company working on the project for a long time already, working product, but they just went unnoticed because they were only on NEO and didn't do any marketing. Now they are on Ethereum and NEO both. Now people start noticing them. But price is still very very low. Interesting gem!

>>21049979
Wow, an actual bot. Interesting

>>21049979
Which blockchain will be next for Bridge Protocol?

>>21049757
What do you think is the good price exit point? I got some for 1/4 of a penny. Now they are about 1/2 penny. No way I’ll sell for just x2. I see the price is continuously increasing. Are you holding short or long term?

>>21050005
What? xD
I'm not a bot

>>21050053
Well, ignoring everything I said in my original post with a seeming total lack of understanding of what I said followed by a paragraph of shilling that you repeated twice in the thread already sounds a lot like bot behavior

>>21050010
Their chief dev told in an interview that they are always open for new blockchain. They are at ethereum since one month tho. see podcast below:

>https://www.youtube.com/watch?v=vh7pyLldgH0&feature=youtu.be

>>21050053
In broken english, no less

>>21050032
sorry, but DYOR. I'm just here trying to educate people about SSI, not a financial advisor.

My idea is anyway to write threads/twits for long term (There was a guy writing threads from BTC from 2010 to 2014).

There are not many information about SSI, KYC, Digital Identity related to blockchain. The subject is still in its infancy and Bridge and Aver have several blogs, twitters on the topic. So it will be difficult not to talk about Bridge when combining Blockchain and Digital Identity.

This is not scam or bot. Just someone very interested about blockchain and there will be no mass adoption and DeFi without SSI

>What is Selfkey

Buy in guys youll make a shitload

>>21050230
wrong thread mate, but thanks for the advise

>>21050198
Thanks anyway for the answer. Are you keep doing it for 4 years? Mad guy.
Will hold long term tho. Just dropped 2ETH anyway.

BUY BUY BUY BUY BUY
> imagine not already having 250k in the next link

Adherence to Regulation is what is allowing BTC and crypto to rise. Bridge will enable that for all projects! US based and compliant!

I love these threads! GO BRDG!

>>21051359
yeah, we might need to write threads 4 years long to get the full awareness of the community. In 4 years DeFi is the new Bank, and hopefully just a little identification will be needed. SSI is perfect for it

>>21049470
If you know, you know

>>21049979
Agreed

>>21050005
Nice try, buying more...

>>21049470
Sure... another random token that has been developed after the 2017-2018 bubble, hasn't been worked on in weeks, the team seems to have abandoned it for another company, and now it's suddenly pumping and you're encouraging people to buy at the ATH.

Doesn't sound fishy at all.

>>21052049
thanks for your comments. It gives me some points to clarify:

1. ATH was 10x today's price.
2. They did version 1, version 2 and now launched version 3 of the product (check github)
3. SSI (Bridge) can't survive without KYC (Aver). KYC is centralized as you need to have the doc files for possible authorities audits (no blockchain need), SSI is decentralized and manageable by the user (excellent blockchain use). this is also very good explained by their chef dev in the podcast attached

no fishy at all, please come back in one month and we will be still talking about this topic.

>>21051810
there was some dumps last night, price is better now for entry

>>21052977
This is a good time to buy. US guys finish their daytrade, take profits and the price drops. 2eth a day at the same and I’m already x3 in the first entries. Keep buying, but it’s hard to find the moment, liquidity poll is still below $100k. Good to buy cheap tho

this one looks good for a 5x atleast desu

>>21053550
clever advise, buy before the Europeans wake up

>>21049470
Scam, literally a scam.

Buy / mine Safex and SFX (Safex Cash)

>>21054170
Man, crazy scam with 3 years development. Interviews of CEO and Chef Dev. active github, working product.
I wish all scams were like that

>>21054170
kind advice: dont use drugs.

>>21054170
kind advice: dont use drugs while typing here.

>>21049470
Already exists.
atalaprism.io
no token needed. this looks like a cash grab.

>>21054170
safex is a scam

>>21054361
What are you talking about? Bridge Protocol has a marketplace where KYC suppliers can offer their services and accept payment in BRDG. They grabbed cash during ICO. Now they are just focusing on product and business development. There is a ton on material that can be found on the internet, from interviews to YouTube video's, marketing stuff, PDF whitepapers and much more. I'm not saying Atala Prism or Cardano blockchain is bad or anything, just there can be multiple systems and people use what they like. I'm going for BRDG

>>21050198
mate, it is not even worth it, you are either dealing with fuders or trols

>>21054170
hahah love those pajeets post, screaming scam about project in thread that is rock solid legit than lightly shills actual scam

>>21054361
yeah, cash grab, with legit team with all info based in NY, nice try

>>21054471
a token is not needed for this type of a protocol, and it is untealistic to expect that a token-based identity solution will succeed. shilling in these threads to get people to buy and pump the token looks like a cash grab and potentially a pump and dump.

SSI ist one of the biggest problems that has to be solved and can be solved via blockchain. it's a door opener to DeFi and DeEn for mass adoption, because no government will allow DeFi and DeEn without a proper Identification on the long run.

I've seen a lot projects that got canceled because of its KYC-problems and SSI via BRDG would have been a solution.

SSI will be the next Hype that will be as big as the DeFi-Hype. Bridge is in a really good position to get a big piece of the SSI-cake in future.

>>21054703
explain why a protocol like this will require a token. the team is based in the us - good.

>>21054712
all true except for the last bit. buying an erc-20 in order to manage your identity is just not gonna be the way to go. sorry fren and this is a very long-run thing btw

>>21054725
If you want to be decentralized and independent you need a token in a decentralized exchange where people can buy it. The service is pegged in USD and the tokens you have to pay are converted against it.
SSI is also something anonymous.
For example: Can you imagine someone having to use the credit card to acquire a SSI to access adult content?
Do you konw how many people do not have a credit card?
Do you know how many people believe banks are out and the future is Defi?

>>21055164
this

>>21055164
great explanation. I'll use it in a next thread. Nice to see the community answering the questions. Thanks

>>21055164
saved. great explanation

>>21055120
But maybe you are missing their use case. Their intention is not really to let people buy their own SSI passport. Instead, let the third-party services pay for their clients.

Set up an exchange? Need your users to do KYC? Then you can load up with BRDG tokens and create an allowance that your users can use to do KYC without them ever having to touch BRDG. Sure they can also do that directly, but the big revenue will come from third parties. You can get a lot of this information from their Github and documentation.
For example here:
https://github.com/bridge-protocol/bridge-protocol-js/blob/c9a9cd07a149bd46897905ea9fa1b133af394197/src/utils/ethereum.js

>>21055571
To expand on this.

Onfido received 210M USD in funding, they are making millions in revenue every month by doing KYC. Probably anyone involved in crypto used Onfido on multiple occasions for doing KYC.

Onfido is now in a lot of debt because they have 400 employees and 210M in funding, against 30M revenue per year. They cannot lower their prices and eventually they will lose against new lean and mean companies like Bridge Protocol and other SSI projects.

If even only 1% of that Onfido revenue is going to Bridge Protocol their market cap will explode and they will be a top 100 coin. Now imagine 5% to 10% of Onfido revenue going to Bridge Protocol. This is the potential we are looking at

BRDG is extremely undervalued.

>>21055571
this is the insane thing. they combine businesses and consumers applications. and those are applications can run independently. like kind of microsoft like idea

>>21055164
>decentralized and independent you need a token
that's why i posted a link to atalaPRISM. it can run on a decentralized layer two protocol on a blockchain. anyway, both are out there and there are probably others. competition is a good thing after all and there will be multiple players.

>>21056090
for sure we need awareness for decentralized digital identity. this is help the whole blockchain community

Just bought an ETH worth, got me about 75k. Worth a punt, I suppose

>>21056273
1c soon

>>21050010
>Blockchain agnostic

Why is it pumping so hard? Why is there no liquidity on Uniswap?

>>21050198
CTO was saying some companies might not trust an audit trail instead of controlling the data themselves. That is why the customers themselves should want and push SSI on companies. Only issue is getting people to trust SSI first.
Be sure it is doing as it says and won’t be turned against them. Wish I had this now.

>>21055720
You nailed it. Let me add one thing. As market place provider BRIDGE remains with 100 BRDG as fee for the service. Therefore more market players more deflationary will be the token. Surely the FEE will be reduced with once there is a variation in the token price. This is made in the smart contract by a team member.

>>21057198
I don't know but I've been waiting an hour so far for my purchase to go through

>>21051668
Doing good work anon, glad to see your thread got lots of posts.

>>21051668
CTO said since it’s open source other devs would use it. Wonder what other companies are out there like this? Only other one I can think of is Civic.

>>21057198
Uniswap is a decentralized exchange. The market and liquidity is not run by the company. It will be run by the community and businesses that are interested on a liquid market.
Bridge corporation is in charge for further developments of the product and when needed new companies for the market place (verification partners) . Aver is a KYC company, there are many other business opportunities such as verification of Agreements, Companies, Trade partners, Properties, accredited investors and so.

>>21057448
this is due to delays in the ethereum blockchain.

>>21055120
Etherium chain would have been added eventually as with many other blockchain. They made this move to tap into the defi and dex uniswap phenomena happening primarily for funding purposes and I think it will be a good de rail. for them.

>>21057401
This is something new about the 100BRDG Fee, is it per transaction or per partner?

>>21055164
Fuck banks fuck credit cards, can you imagine a day when our kids will look back and see how strange it was to give our personal information out so freely?

>>21057401
So 100 BRDG is essentially burned any time a new passport is created. When we start seeing more business on Bridge Protocol we will see the supply going down?

>>21057749
Sorry for the incomplete information. The 100 BRDG network fee is per transaction. A KYC provider pays e.g. 100 BRDG as fee per KYC check. You can check the network fee in our Bridge Network Explorer:
https://bridge-protocol.azurewebsites.net/explorer

>>21057520
Aver might act as a company for the beginning of the audit trail.

>>21057834
Bridge corporation is an US based open- source technology company.

The Bridge SDK is an open-source JavaScript library that exposes all functionality of the Bridge Protocol, Bridge Network, and Bridge Smart Contract functionality on the Ethereum and NEO blockchains.

If you are a dev, check here how to use it:
https://bridge-protocol.github.io/docs/sdk

Profit oriented companies may use Bridge technology to start (or to add) a business in the Bridge Market Place. The technology is available and it is free and the token as payment is also available. Only a network fee is retained per transaction as commented before.

Anyway, I hope I could clarify some doubts. I invite you all to check the complete documentation about the Protocol, how to add it to your company needs or how to use it peer to peer.

here is everything explained:
https://bridge-protocol.github.io/docs/overview

Thanks for all the answers! This looks really promising. Carefully considered and formed project details. I like the idea of using a network fee, and profit oriented companies can also use the platform to request payment. Really awesome concept

>>21057576
Still waiting

>>21057865
100BRDG per transaction burned? Crazy deflationary token. I like it. More 1ETH today

Oh wow! That is really cool! Can you share anything about new opportunities or partnerships in the next months?

>>21058437
I see they have already bout 10 partners in their KYC company (goaver.com). Those guys bring KYC checks that will have to pay 100BRDG per check

Now I know why they did a KYC company. And guys fudding that they do daily marketing for their KYC company. Wtf

Anons,

Don't just keep tokens in your wallets.
This is a legit project and can even give 100X long term.
We are all in this together.
Kindly ensure to add more and more liquidity to Uniswap.
Even $100 counts .
Large liquidity attracts whales and influential people.
Fundamentals are super super strong. This is our chance to make it.
Happy to see it being promoted , but Unfortunately I am traveling and will be back next week Monday.
Expect good amount of liquidity from me.

>>21057492
cardano

>>21057734
i think it is a bit early. current defi requires no identification. maybe next gen defi, but that's not here yet

>>21054705
this

AAAAAAAAAAAHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHH

>>21060173
Everything okay? xD

>>21059226
I agree with you. We see however several scams outside in DeFi. Regulators are also not sleeping.

Therefore, DeFi will need some kind of verification (there is already regulations on it). This is why Bridge works on "authorization" (SSI). You don't have to identify yourself, but to show that you're authorized to work with it.

We are at the beginning regarding SSI and Bridge corporation is building the technology for it.

For KYC, that can also be covered by Bridge (with Aver KYC checks), it is already a reality for several business possibilities. I'm sure you have done already several KYCs check in your life (you probably are not aware).

to sum up. Bridge offers solution for SSI (future) and KYC (now)

>>21060644
Thanks. bridge rocks

>>21060173
When moon?

>>21054471
Strong