Quote from: EcuLiner10 on December 01, 2017, 05:59:24 PM

Quote from: William B. Cowan on December 01, 2017, 05:29:03 PM

Quote from: EcuLiner10 on December 01, 2017, 05:15:17 PM

Quote from: PipiPoo on December 01, 2017, 08:21:07 AM

"Q: Why do you need a native token?

A: SelfKey will require participants to stake a certain amount of KEY tokens to access the network. This prevents spam, decreases the total amount of float, and encourages people to buy and hold KEY, and act in accordance with the trust framework (legal agreement) so that relying parties dont for instance, misuse identity data because if they do, they will lose their stake. Identity owners will need to hold a certain amount of KEY to unlock marketplaces also. We call this, proof of reputational stake and bonded notaries."

This is quite clever I have to admit

Very smart and needed indeed! Their team - builds technology at the intersection of finance and law - this makes sense, plain simple.
By the way, blog posts are available to grasp the vision and Review each of the accomplished milestones so far https://blog.selfkey.org/selfkey-q-a-6c2c0773469c

They're definitely on their way to success. Implementing strategies and executing them to the best of their potential.

Edit: These guys write better blog posts than most of the projects I'm into. Very descriptive and understanding

NTL; TR;
Here is an interesting personal story from one supporter a SelfKEy community member, a good one to read. Thank you Ken for it, wherever you might be))

"To be honest - - - - -, I'm very new to the crypto world. I pretty much only discovered Selfkey through the involvement of someone I know. I knew about cryptocurrencies at a kind of popular level, but I had never speculated on them or anything like that. Im a factory worker with a baby on the way. Im pretty busy!

Even the little info I had (mainly secondary info from tech podcasts to be honest) along with a partial understanding of the problem of data protection was enough to make me realise that Selfkey is potentially revolutionary.

I've been doing a lot of reading to catch up on the whole crypto business, mainly as background to understanding part of the solution that Selfkey offers. I still know almost nothing (but I still know enough to get me into trouble if I'm not careful!)

As part of that process I have been forced to read an awful lot of forum waffle (not much here, to be fair) in my attempt to learn. One thing I know for sure is that a lot of the noise around the crypto scene is largely just that noise. I know this because I was once a teenager on the Internet.

I have long wished for an opportunity to invest in something worthwhile (though I am but a humble man of modest means 😄) and I believe that Selfkey offers a solution to a real problem using cutting-edge technology that is presented in an accessible package. It wasnt until last week, when I sought to buy ETH for the first time that I realised what a boiling sewer the whole cryptocurrency business is for ordinary people who want to make a start (though I know that Selfkey offers much more than access to coin exchanges).

I am a convinced capitalist, and I think that Selfkey brings even more to the table than a solution to a real problem (important as that is). I think that Selfkey is a service that could bring about a real forward step for individual economic liberty.

And more than that, I think the timing is perfect. We all know that regulators are turning Saurons eye on the entire crypto scene. Now is the time to get out ahead of them. Once enough people have tasted the liberty that a service like Selfkey offers, then the momentum could be irresistible. And guess what? Selfkey offers a way for regulators to integrate with aspects of the service of needs be.

Im not an expert by any means, but I like to get an understanding of first principles. And a broad understanding is better than none at all. And Im quite excited to witness this, more excited still to participate in it.

Keep up the good work, folks."

This is what the present is about IMHO: grassroots individuals supporting and empowering change.

Do you live in a country where SelfKey could be implemented and used to better the economy? I'm in Canada and I'm not sure it'll be too big, but like others said India and 3rd world countries can really benefit

Travis L. Griffin

Posts

Merits