Hacker News Reader

> which Web3 technologies

How does self-sovereign identity exclusively benefit speculators?

how come you need a blockchain to assert your identity, doesn’t public key cryptography solve this?

SSI uses public key cryptography, are you familiar with it? Adding a blockchain allows creation of a registry, smart chain interactions, notarization, many other features.

How does it only benefit speculators?

the tokenization is the part that exists for speculators

can’t I usen openssl to sign files representing agreements and write programs that only run when an authroized keyholder calls a method without the global supercomputer running at a few thousand TPS? it just seems like the most inefficient approach to utilizing cryptographic signatures

granted, no one else has cracked the UI/UX problem of using these signatures so I’m not a total prohibitionist on blockchains, it just doesn’t feel like the right answer to me

Then Web3 doesn't exclusively benefit speculators.

And there's a big difference between SSH and SSI.

And solves it problems that, you say, weren't already solved.

So it boils down to blockchains taking too much electricity?

Reply on news.ycombinator.com