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Take everything you think you know about crypto and poop it in the toilet. Shout between the stalls to your neighbor to show your support for their struggle. Light a match to cover up the Taco Bell token you bought earlier. Give a congratulatory hoot when you flush and finish. This is my anti-professional crypto channel. I‘m just a a barely sane dude who fell down the cryptocurrency rabbit hole. This channel is my fumbling attempt to communicate myself outside of my own head about my journey in the crypto space.
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Friday May 27, 2022
Friday May 27, 2022
Good morning! This morning I read an article by Vitalik Buterin where he explores the concept, use cases and issues of soul bound tokens. I completely love the idea of being able to hold your college transcripts and degrees in your wallet as a non-transferable NFT. I love that the issuer does not retain permanent control over that data. However, there needs to be privacy a burning mechanism by the owner of the NFT. Otherwise, the soulbound token could have deep dystopian implications.
Sources:
https://vitalik.ca/general/2022/01/26/soulbound.html
https://thedefiant.io/vitalik-soulbound-tokens/
https://vitalik.ca/general/2021/10/31/cities.html#citydao
https://city.mirror.xyz/oOOqyUpr7VdgDxLbywwk-DS3mUxdQ18o6OvGrWsvKeY