/biz/ - Business & Finance

sergey betray

>>54389518
>DID infrastructure Projects
DID Projects with tradeable tokens.

>CHEQD
The cheqd protocol provides a decentralized, privacy-preserving digital identity solution. Its native token, CHEQ, is used for governance and to pay for identity-related services within the ecosystem.

>KILT
KILT is a blockchain-based protocol for issuing and verifying credentials in a decentralized, self-sovereign manner. The KILT Coin (KILT) is the platform's utility token, used for staking, governance, and transactions within the network.

>Verus
VerusID, is a decentralized, self-sovereign identity system that enables users to create and manage their own unique, secure digital identities while maintaining privacy and control over their personal information.


>Centralized Verified Credential issuer Projects
VC issuers with tradeable tokens

>Everest
Everest is a centralized platform that combines biometric identity, a digital wallet tied to your phone #, and a cryptocurrency. The Everest ID token (ID) is used to pay for services, stake tokens for network security, and participate in governance decisions.


tldr; DID/VC is needed in order for DeFi to survive the coming regulation. forced, government-driven adoption = 1000x narrative this cycle.

I'm not buying your shit just because you spam posted this goblina mutt whore.
Ngmi

>>54389700

The DID meta will be one which comes absolutely out of nowhere for most people. It will get wrapped up in arguments about privacy, all the while smarter people than you position themselves accordingly, as corporations and retail users are transitioned into EBSI compliant wallets and people begin to see the bemefits of owning and controlling their own data, this industry will explode.

It's tricky to position oneself fully in this market. Many organisations work on government grants or are small start ups without funding options.

If you want to take the TradFi route, you can go long with Gen Digital (merger between Avast and NortonLifeLock). They are going hard on Digital Identity and bought out one of the most pionering companies in the space - Evernym.

If you want blockchain exposure, cheqd is by the best. They actually count Everynm as a partner, as well as most of the other companies in the Digital Identity industry. They aim to be somewhat of a 'Network of Networds' - their partners find the clients whilst chewd simply build the infrastructure to allow all these microstransactions of valable data to be monetised.

That's what is so key to cheq - it is one of the first REAL industry usecases for blockchain microtransactions, and its a low market cap gate.io shitcoin you can get for pennies.

eIDAS regs are coming in soon and change to the identity industry is coming very quickly, expect this thing to rip 100x once its on a larger exchange and thought leaders in crypto begin to understand the potential. We wont even need a bull market to do a 100x with this thing.

>>54389976
The 1000x winner in identity will not be someone who makes KYCs which were countersigned by nothingburger entities available.
Instead it will be whoever successfully connects VC-issuers which have actual authority to on-chain usecases (think Governments, Banks, Credit-unions)

tldr CHEQD

>>54389976
>>54390093
Hey CHEQD niggers where's your MICA license? You know literally the first thing that the EU is asking for right?

>inb4 they will just get one

Ok see you in several years, hopefully it's not too late LOL

>>54390242
cheq literally working with ebsi and you're asking for some dogshit MICA license because being approved is the only thing that is going on for your poject. Cool, you get your license and Everest isn't a rug to the regulators. Just a soft rug that will slowly bleed out to all the bag holders.

>>54390242
cheq doesn't need a mica licence you mouth breathing everest jeet.

Read this fucking article if you are capable of it:
https://www.coindesk.com/policy/2023/03/27/eu-lawmakers-to-vote-on-limited-ban-on-self-hosted-crypto-payments/

It clearly says that " If the customer's identity can be verified or if a regulated crypto provider is involved, the transaction would be allowed.". What the fuck do you think its talking about? VERIFIABLE CREDENTIALS.

This is exactly cheqd's use case - enabling a privacy-preserving solution for the necessity of KYC to interact with the real economy. cheqd enables DeFi to finally interact with institutions.

What does Everest even do? despite numerous threads shitted up by you street-shitters none of you are able to explain thebull case for this wallet-cum-doxxing api wrapper is past muh micah and muh regulations, as if suddenlly everest is going to be the only cryptocurrency allowed.

>>54390242
1. Github is bare, with nothing much really released and none of these really relate to identity at all. In fact most of them aren't even original but forks/copies of something else https://github.com/EverID

2. This is supposedly the website of their ID network foundation and it is...quite bare to put it mildly https://identitynetwork.io/ (also, fine doesn;t mean much on its own.) Mostly it seems they are alone in this, without any real partners on their network.

3. They have these icons to the google play store and app store that go nowhere: https://www.everest.org/about - and I've manually searched across all 3 for EverID, EverWallet, Everest ID etc and nothing from them. I find this disappointing because I could have decoded their Android file to see what they were up to

4. They do have https://wallet.everest.org/ as a web app, so I thought I’d give it a try and at the same time intercept the traffic/sources it’s using to see what’s going on. They seem to be using assets from Kyber Network for their wallet. I don’t think they have made their own wallet: https://kyber.network/#build_with_kyber

5. If you try to sign up they prompt taking a picture for ID verification. I can’t get this step to work, at all but here’s some fun facts: their web app is a clean copy of a demo web app named “Sample React Application”

6. From the looks of it, they do seem to have some APIs functional at api.prod.identitynetwork.io and here’s what they seem to be doing. Where they REALLY mess up is that they write out a lot of secrets / inputs in plaintext client-side when they hash the image in JavaScript. Translation: I can basically edit the JavaScript and inject random data or someone else’s image in, for instance.

7. The fact that it's a single API that runs the whole thing is basically a great demonstration that they are a wallet skin around someone else's tech

All you have to do is hold $cheq. Everest is a rug. Get out while you can.

>>54390294
>>54390301
>>54390322
Whew that was fast, you guys are pretty defensive huh

>>54390301
Verifiable credentials and KYC are not identity. Woops sorry bro, learn what you are talking about.

>>54390330
ofc, guys shilling garbage like Everest every single day without even knowing how useless the project really is.

>>54390360
explain to me what you mean by identity and why this is bullish for everest.

>>54390322
I have posted this copypasta many times and I have NEVER once seen a response to it.

Everest shills are trying to suck ID money so they can have exit liquidity for the shitcoin they were airdropped years ago. The coin is going nowhere. cheqd is partnered with 70% of SSI vendors with banks, governments and corporations asking them 'wen payment rails?'. Don't be distracted and just buy $cheq.

>>54390375
Change your ip again for me sweaty so you can fill up the thread with more CHEQD shilling direct from Mumbai thanks.

>>54390386

Yuri Bezmenov predicted explaining the difference between identity and identification to non-compliant, glorified, credential-sharing platforms like CHEQD, KILT, ORE, SPARKS, etc.

>>54390386
>explain to me what you mean by identity and why this is bullish for everest.
I will give you the benefit of the doubt here and explain it one more time to you guys.

Identity is something you are ie your biometrics. Only you possess your biometrics and nobody else can fake them.
Identification is something you have ie your drivers license. Credentials like your drivers license or passport can be faked or passed around which means they are insecure. Credential sharing like CHEQD, KILT, ORE, SPARKS etc do not solve sybil resistance because of this and as such, are dead on arrival if they do not integrate Everest.
If you are genuinely curious about the difference between identity and identification, and you aren't just being a cunt, I'd be happy to elaborate. Here is a video that further explains it for you:
https://www.youtube.com/watch?v=EISCmVcLxYs

Also your pasta was addressed multiple times when the Cheqd wagie first posted it. I assume you are being paid by Cheqd as there is not other reasonable explanation for your behaviour unless you are truly mentally handicapped.

>>54391824
>integrate Everest
you say that as though it kills CHEQD.
Their goal is to integrate issuers and would be open to it any day.
Integration means Everest becoming an issuer of Verified credentials on the CHEQD network by issuing VCs that attest to the biometrics data in everests centralized database in order to be interoperable with the verifiers on CHEQD (or any other DID/VC platform, such as EBSI).

Why are everest shills somehow this angry in these threads while screaming about how Everest is not competition to DID/VC projects.

Sam Altmans Worldcoin is probably more in Everests niche and actual competition.

>>54392053
>you say that as though it kills CHEQD
Yes? Are you not aware of the incoming regulations? Cheqd is not compliant and needs to integrate Everest. Simple as.
>Integration means Everest becoming an issuer of Verified credentials on the CHEQD network
I don't know about this. I think it would be more accurate to say integration means Cheqd incorporating Everest biometrics into its platform.
You are mistaking anger for sheer frustration at ignorance.
>Worldcoin
>actual competition
lmao, you are so cute

>>54392181
>I don't know about this. I think it would be more accurate to say integration means Cheqd incorporating Everest biometrics into its platform.

Yes its obvious you dont know about it. Cheqd is not a platform and has no desire to provide identity or identification services to anyone.
It connects issuers and verifiers of Verified Credentials. Someone who verifies/collects someones data (i.e. Everest) and creates assertions based on that data is an issuer and someone who wants to rely on this verified data for any purpose (access, KYC, whatever) is a verifier which checks the verifiable credential and then trusts it based on its own trust in the issuer.

CHEQD takes on none of the 3 roles entities have in the w3c DID/VC spec (issuer, holder, verifier). it connects them by providing a verifiable data registry in the w3c defined sense of the word (pic related) as well as providing SDKs and libraries to make CHEQD hosted DID documents interoperable with any DID-method out there.

You can learn more at
https://trustoverip.github.io/WP0010-toip-foundation-whitepaper/trust/vcred_trust_triangle/ and https://www.w3.org/TR/vc-data-model/

As Everest likely wants its biometrics identity to be compatible/discoverable/verifiable with as many wallets and verifiers as possible its likely a good match for a cheq partnership as well as any other verifiable data registry host.

tldr; everest shills are unhinged but correct on one thing, its not competing with CHEQD or KILT

Hello faggots I have no idea what this thread is about but can any of this help me with the tax jews?

>>54393026
bets on digital identity are a bets on them tracing & taxing you even harder
depending on what you mean that could help you

based and cheqpilled

>>54393613

>>54390301
>https://www.coindesk.com/policy/2023/03/27/eu-lawmakers-to-vote-on-limited-ban-on-self-hosted-crypto-payments/
I read the article.
>If the customer's identity can be verified
>What the fuck do you think its talking about? VERIFIABLE CREDENTIALS.

No it's talking about Identity.
Alice's IDENTITY is the flesh the blood body named Alice.
Alice's VERIFIABLE CREDENTIALS are a set of Identification documents assigned to Alice.

The goal of verifying Identity is to prove Alice is infact Alice, not that Alice has verifiable credentials.

Reason being, if Bob can steal Alice's verifiable credentials and make a DID if that's all you are relying on Bob is free to commit Identity theft on your network.


>This is exactly cheqd's use case - enabling a privacy-preserving solution for the necessity of KYC to interact with the real economy.
Everest does all of this and more, just launched their payment offramp rails for all of EU yesterday also, meanwhile Cheqqd has only announced theirs.

>as if suddenlly everest is going to be the only cryptocurrency allowed.
You're getting it.
Cryptocurrencies that meet MiCA requirements will be all that are allowed to operate in the EU. Everest offers other crypto services the ability to meet MiCA requirements as a service.

US lawmakers are currently taking notes from MiCA to make that the standard aswell.

>>54394578
lmao
>implying bob can't steal alices everest credentials

read >>54392353
there is no need to be upset, everestbro

>>54394965
>implying bob can't steal alices everest credentials
If he did he wouldn't be able to go use them on Everest, he'd have to go to Cheqd or Kilt for that.

>its likely a good match for a cheq partnership as well as any other verifiable data registry host.
I agree here, just trying to explain to Cheqd frens that their platform doesnt meet the EU's current KYC + compliance laws for crypto being passed as we speak.

>>54395195
>If he did he wouldn't be able to go use them on Everest
You can use face-ID for your VC wallet. Preferably a professionally built, EBSI compliant, one of course. You can also use your biometrics and an OTP key to derive your seed from if you like.
Thats a part of the trust triangle cheq has nothing to do with, but since you dont seem to grasp the w3c spec or even >>54392353 in the slightest you will just repeat your everest shill talkingpoints in your next message or not reply at all when I tell you cheq is the registry in the DID/VC trust triangle and has nothing to do with the wallet for holders, or where the entropy for its key comes from or the issuing of VCs which everests amateurishly built webwallet is trying to do.
Again, it sits at a completely different end of the stack and isn't competition.

>I agree here, just trying to explain to Cheqd frens that their platform doesnt meet the EU's current KYC + compliance laws for crypto being passed as we speak.
lol
lmao even

>>54392053
Oh nonono he doesn’t realize worldcoin is actually violating the GDPR with their data policies

>>54391834
He’s retarded and also probably paid to be here posting the same pasta over and over

>>54394578
unironically the best meme I've seen in a while

>>54392353
>It connects issuers and verifiers of Verified Credentials.
Wow, so Cheqd is even more superfluous than I thought with Everest in the picture.

>>54394578
>>54390301
>What the fuck do you think its talking about? VERIFIABLE CREDENTIALS.
Holy fuck, these people have no idea what they're talking about

>>54396221
>ew anon, did you just pull out a credential when we all asked about your identity?

>>54396419
>oi m8 u got an identity to go wit that license?

>>54397410
>got a loicense to verify that cunt?

>>54389518
DiDs are based.

>>54389541
ORE is a decentralized on-chain ID management solution. it's the most interoperable across multiple chains.

>>54397915
I'll add to next DIDG OP

>>54397896
yes

Pretty funny that some rekt cheqd wagie is being paid to make DID generals to subtly shill his non-compliant shitcoin by associating it with the other non-compliant trash and Everest. Don't forget to include Sparks next time, OP! sparks.dev

>>54389541
Notice this faggot explicitly describes the non-compliant credential sharing platforms as decentralised, and Everest as centralised. You realise Everest users own their own data?

>>54399433
Im long DID narrative in multiple ways and projects. Not all crypto either. Not in everest though.
The general is for all w3c DID/VC related projects which have a token. A lot of interesting stuff is happening in things that dont have a dedicated token though and likely never will.

>>54399480
Nice phone verification on signup. The shills here made me try Everest and it did need my data to store centrally. Im not even mad since everest has to do that to do what its trying to do.


in other news, the narrative keeps getting validated:

https://ir.citi.com/gps/MG9DEWhoYvQJVWLM9Kr3%2BZmqjoztKJcyNHr83F9Wug2pzAGHPQKfp23RAMrkNts%2FJitXoTNqufOvegUjjXh0IA%3D%3D

>ctrl+f "Self-sovereign identity"
>16 results
>ctrl+f "decentralized identity"
>31 results
>ctrl+f "Verifiable Credential"
>5 results

The cumulative MC of identity projects is absurdly small considering the need for it.

>>54399480
That has already been pointed out to him and he spent an entire day chimping about it.

>>54399433
He also tried to mention regulatory changes so he could shill the old e signature regs that cheqd retards think are relevant, but won’t mention MiCA or other actually relevant EU/US regs.

>>54399686
The phone signup is a temporary thing whilst they are in alpha. Eventually it'll be replaced by your other biometric data.
>>54399688
Guy's a huge faggot, it is clear for everyone to see what he's doing.

>>54399686
Jesus Christ, the sheer cognitive dissonance required to post that Citi report whilst simultaneously stating you're not in Everest is mindboggling. You are either very, very stupid or very, very malicious.

>>54400036
>The phone signup is a temporary thing

>>54400098
https://en.wikipedia.org/wiki/Dunning%E2%80%93Kruger_effect

>>54395718
>you will just repeat your everest shill talkingpoints in your next message or not reply at all

as expected

>>54400167
>trust triangle

>>54400280
I though you love EU regulation and EU infrastructure standards, everestbro.

https://ec.europa.eu/digital-building-blocks/wikis/display/EBSI/EBSI+a+new+trust+paradigm+for+Web3

Might as well pick up bags of all these shitcoins anyway since their marketcaps are so small and scams pump the hardest.

>>54400345
>ctrl+f KYC
>ctrl+f AML
>shilling a blockchain based financial product
Stay retarded

>>54400782

>>54400885
This fag’s IQ is lower than room temperature

>>54397915
Its the best in making privacy-protecting digital identity solution an easy run for businesses and individuals

>>54400455
Can shitcoin pump?

>>54390294
>dogshit mica license
oh... opinion dropped

>>54390386
>Cheqd
>explain to me what you mean by identity


yep checks out, completely retarded

>>54397896
>DiDs are based.
yeah, based on money laundering using social media instead of real Identity.

>>54397529
based

>>54401113
spoonfeed it

>>54405659
ORE is the same as your porject, CHEQD.

Make sure you guys report everest

How To Report Cryptocurrency Scams

Report fraud and other suspicious activity involving cryptocurrency to

>FTC at ReportFraud.ftc.gov

>Commodity Futures Trading Commission (CFTC) at CFTC.gov/complaint

>U.S. Securities and Exchange Commission (SEC) at sec.gov/tcr

>Internet Crime Complaint Center (IC3) at ic3.gov/Home/FileComplaint


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It’s a PAJEET low volume scam coin

>>54406888

>>54407622
Ironically enough Everest solves the problem in your picture. I am posting from one IP as can be seen anyway. You are paid by Cheqd.

>>54407685
surely the chink has a few simcards she can use to complete everests innovative SMS 2FA system.
You are paid by Everest.

>>54407787
Ah yes, you are upset by the temporary alpha. She would be unable to because you still need your liveness biometrics. I wish I was paid by Everest, but I'll make a lot from the ID token etc in time.

Everest shills can’t answer for this yet. Please report them to the SEC >>54406932

>>54390360
Only few projects like ORE and NXRA are making real progress working on identity management

>>54410176
never heard of NXRA

>>54411257
It was called ALBT before. I guess that should ring a bell