Bankless 154 - Sign-in With Ethereum with Wayne Chang
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Jan 23, 2023 Wayne Chang, co-author of EIP4361 and CEO of Spruce, dives into the transformative concept of Sign-in with Ethereum (SIWE). He discusses how SIWE empowers users to reclaim their digital identities from tech giants, promoting decentralization. Wayne explains the complexities of current identity systems, the risks of Web2 log-ins, and the advantages of user-controlled data. He also highlights the significance of personal data vaults and evolving authentication methods, suggesting a future where privacy and security are at the forefront of online identity management.
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Defining Identity
- Identity is context-dependent and has varied definitions, from technical attributes to broader recognition.
- It's crucial to consider the specific context when discussing identity, as its meaning changes depending on the situation.
Internet's Identity Problem
- The internet's initial design lacked built-in identity primitives due to inherent trust within early networks.
- As the internet scaled, this oversight led to market solutions with sometimes adverse incentives, impacting how identity is handled.
Current State of Digital Identity
- Digital identity on the internet currently involves various logins, social media profiles, and online accounts.
- These components represent different facets of our online presence, raising questions about ownership and control.
