Bankless Soulbound: On or off Chain? | Vitalik Buterin and Evin McMullen
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Jun 8, 2022 
In a riveting discussion, Vitalik Buterin, the founder of Ethereum, debates with Evin McMullen, founder of Disco XYZ, on the future of decentralized identity. They tackle the differences between Soulbound NFTs and verifiable credentials, dissecting how each impacts privacy and governance. The conversation highlights the importance of non-transferable tokens and off-chain data in maintaining user privacy while enhancing community engagement. Ultimately, they envision a future where technology fosters inclusivity and trust, benefiting humanity as a whole.
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Need for Richer Identity
- Current decentralized identity only reveals financial data, limiting coordination possibilities.
- Qualitative traits like achievements and relationships should interact with smart contracts.
Cooper Turley's Identity
- Cooper Turley's tweet claims NFTs are our truest identity, but Evan McMullen argues this is incomplete.
- She uses Turley's public persona to illustrate how off-chain credentials can enrich Web3 identity.
Value of Non-Transferability
- Non-transferable NFTs, like "soulbound" items in World of Warcraft, prevent credentials from becoming meaningless commodities.
- This preserves their value as genuine representations of personal attributes.