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<blockquote data-quote="bemis" data-source="post: 9137" data-attributes="member: 197"><p>McAfee was (or is, if he's still alive <img src="/forum/data/assets/smilies/emot-shepface.gif"&nbsp; class="smilie" loading="lazy" alt=":smag:" title="smag&nbsp; &nbsp; :smag:" data-shortname=":smag:" />) completely correct when he said that the value of a crypto-currency is in it's utility. I'll spare you my autistic diatribe about the dangers of treating cryptocurrencies purely as an asset class, McAfee's statement sums up my opinion. I'm much more interested in the implementation of NFTs in the form of SSI/DID (self-sovereign identities/decentralized identifiers). W3C and their contemporaries have been working to formalized standards around SSI/DID that, if people could get through the technobabble, would be mortified by the implications. That same technology that can anchor a randomly generated image to a block in a chain, can also be a great way to anchor a persons ID card, medical records, etc to a chain. There are some naecent frameworks like this popping up in EMEA, and in a more subtle form here in the US. At some point, we may find ourselves chuckling as a red light flashes overhead at a checkpoint because our identity, which at that point is concretely embedded in an electronic ledger, has been flagged by some beaurocrat and now we can't get into Fresh'n'Easy to buy Quinoa. &quot;Wasn't it funny when this was all just pictures on OpenSea?&quot;</p></blockquote><p></p>

[QUOTE="bemis, post: 9137, member: 197"] McAfee was (or is, if he's still alive :smag:) completely correct when he said that the value of a crypto-currency is in it's utility. I'll spare you my autistic diatribe about the dangers of treating cryptocurrencies purely as an asset class, McAfee's statement sums up my opinion. I'm much more interested in the implementation of NFTs in the form of SSI/DID (self-sovereign identities/decentralized identifiers). W3C and their contemporaries have been working to formalized standards around SSI/DID that, if people could get through the technobabble, would be mortified by the implications. That same technology that can anchor a randomly generated image to a block in a chain, can also be a great way to anchor a persons ID card, medical records, etc to a chain. There are some naecent frameworks like this popping up in EMEA, and in a more subtle form here in the US. At some point, we may find ourselves chuckling as a red light flashes overhead at a checkpoint because our identity, which at that point is concretely embedded in an electronic ledger, has been flagged by some beaurocrat and now we can't get into Fresh'n'Easy to buy Quinoa. "Wasn't it funny when this was all just pictures on OpenSea?" [/QUOTE]

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