Identity & the Quest for Digital Gold
Cryptocurrency has created a sort of futuristic gold rush. Heres a quick summary I found interesting on wikipedia.
The California Gold Rush
"At the beginning of the Gold Rush, there was no law regarding property rights in the goldfields and a system of "staking claims" was developed. Prospectors retrieved the gold from streams and riverbeds using simple techniques, such as panning. Although the mining caused environmental harm, more sophisticated methods of gold recovery were developed and later adopted around the world. New methods of transportation developed as steamships came into regular service. By 1869 railroads were built across the country from California to the eastern United States. At its peak, technological advances reached a point where significant financing was required, increasing the proportion of gold companies to individual miners. Gold worth tens of billions of today's dollars was recovered, which led to great wealth for a few. However, many returned home with little more than they had started with"
"Eureka!" ... The similarities are uncanny!
Be careful folks. This is certainly a very exciting time to be alive. Its also a very dangerous time. PROTECT YOUR IDENTITY & PRIVATE KEYS! Check out civic.com & also consider cold wallet storage of your digital currency. A solid identity verification platform is going to be vital toward creating a healthy & safe digital asset global network.
I don't know much but I know this to be true. Too much of our personal information is being passed around. I personally have way too many passwords & too many random web sights asking for my personal info.
In my opinion , Identity Verification is an extremely tangible platform for the utilization of blockchain technology. It will also save companies billions of dollars by not having to verify the same customer over & over again.
I'm personally very excited about Civic. My goal is to start a conversation about Identity Verification & what our best options are while we are all on this journey toward the new frontier. Thanks in advance for all your insight.