Topic: Microsoft Is Using Bitcoin to Help Build a Decentralized Internet (Read 291 times)

Why would we want Microsoft involved with Bitcoin? And crypto wallets inside a browser is not beneficial either since it is encouraging people to use online wallets which is a insecure way of holding any cryptocurrency. I can see Microsoft adopting a similar approach which would mean a lot more people being targeted for attacks.

This is not good for Bitcoin this is only good for Microsoft and microsoft will attempt to have a monopoly in another area and then they will exploit its customers like they always have done.

For many years, events which the news media wanted to keep silent were publicized by anonymous bloggers. There was a movement in the US government years ago, before Trump took office. Where the state said they would help americans to remember their passwords and secure their identity by providing a single login (which they regulated and controlled) for all social media, forums and finance purposes.

It looks as if microsoft is attempting to re-launch this effort with their "decentralized" internet.

Using windows, I constantly have to disable windows defender almost everyday. It constantly re-activates itself. Even though I prefer anti virus not to actively scan in the background due to it shortening the lifespan of my hard disk. Windows defender can't be shut down from task manager or disabled. Microsoft and windows are so unbelievably terrible at what they do. I can't imagine anyone trusting them with user meta data.

If this news turns out to be authentic, then this will really be a great advantage not just for bitcoin but also for microsoft itself since both of them are quite big names. Although, bitcoin will be gaining more while microsoft will be at the losing end, such partnership is still pretty fair. Kudos to microsoft for taking a huge leap this is a risk that has a huge percentage of benefits.

On a side note, I noticed that more and more crypto is getting well known and more accepted not just by ordinary people but also by big names and companies, even some governments are accepting or in the process of accepting crypto currencies and its concept. Even browsers like Opera have crypto wallets.

In before, Bitcoin is not suited to the project, and Microsoft release their own MicroCoin, which requires users to enter KYC to acquire, and you can earn some while you use their software! 
I'm the same, sure the technical side sounds intriguing, but I can't really trust anything that's coming from Microsoft, especially when its associated with either privacy or decentralization. I mean, every service/product they release, as significant issues with privacy. Also, their practices seem to be anti privacy, security, and freedom of choice. Lets use the most popular of examples; Windows 10 adds several different features which can't be disabled, and are added back every update, which generally its enabled by default to update automatically. Windows comes preshipped with various bloatware, and with the new rumours of the new Windows system, it seems they've included a bunch more of features, which not only aren't optional, but aren't necessary.

Microsoft have also gone on a purchase spree of companies recently, and I believe there was a massive concern about them removing certain games from platforms which aren't controlled by Microsoft, whether there was any substance behind that, I didn't read too much into it, but when I saw it I thought that it sounded like Microsoft's shenanigans.

Not sure about the legitimacy of thia news. But ION project does not talk about bitcoin adoption in any way. It has probably take inspiration from blockchain but ION project is not a crypto project.

What I understand is that Microsoft is trying to build something called DID which is a virtual identity protocol for a censorship free decentralized web. The minute details are still unknown but you can get a good idea of it from the below link,

https://techcommunity.microsoft.com/t5/azure-active-directory-identity/toward-scalable-decentralized-identifier-systems/ba-p/560168

Do check it. It's quite interesting!

Personally, I have a strange feeling about it... At first, I enjoyed reading what this "layer 2 tech ^[DID]" does but seeing that Microsoft is behind it, I'd prefer to "not" dip my toes...
^{- I watched the video on that article and in a way, it encourages users to create multiple identities for various stuff [a bit nonsensical, and to an extent, it defeats its purpose].}

I am almost certain VET runs off the VeThor blockchain and isn't tied to BSC or ETH at this current time. They were on ETH yes, but they moved from that a while ago, and don't recall them going back.

Maybe I'm missing something though. Any sources?

Projects are constantly changing native blockchains to open its own blockchain to wrap back to old blockchain to wrap on other chains. Like VET. Started as ETH token, than launched mainnet, then wrapped back to ETH when uniswap started to be popular, then wrapped on BSC when uniswap was to expensive to trade and people started to use pancake swap. Projects fallow hype train to stay on the water. Projects that dont fallow hype - sink.

I have significant doubts that people will pick up and leave their native blockchain to have it ran on bitcoin's.

I don't find it very likely this would happen. To be clear, I am not saying it couldn't. I just find it highly unlikely.

Decentralized Identity not internet. They already released the whitepaper you can download and read on their website https://query.prod.cms.rt.microsoft.com/cms/api/am/binary/RE2DjfY https://www.microsoft.com/en-ww/security/business/identity-access-management/decentralized-identity-blockchain. They are probably going to build their own decentralized blockchain system which will offer decentralized identity solution. Detail is yet to be known about the roadmap and the tokenomics if anyone

I know very well Bitcoin and Blockchain aren't the same things anyway. News says Bitcoin, not the Blockchain actually. ION project will record Bitcoin Blockchain as said above. The name Bitcoin popup in the news. That's why I am a little confused here. Also, there is suspension about the news either it's true or false. Anyway even Microsoft uses Bitcoin blockchain (not another blockchain) for whatever reason, it would be positive. Although it's not a huge adaptation, but more people would learn about Bitcoin.

That's what I was thinking, changing the word Microsoft to Bill Gates, which is more or less the same. Above all, it doesn't make sense to me that they are supposedly betting on decentralization and anonymity without them making a profit. I could believe it more if the company was MSTR, or if MSFT had bought a bunch of Bitcoin to hold in its reserves instead of cash like Saylor did.

To me, the concept of Microsoft, which monitors everywhere and everywhere, and the decentralized Internet sounds absurd.

Microsoft will never do anything like this to do with freedom. And whatever they promise, I will never believe in their pure intentions. And I urge everyone not to trust operating systems and any other software that is associated with this name.

Already Microsoft or internet is decentralized, so extending it to cryptocurrency which is already a decentralized platform, it's a welcomed development, maybe the adoption of bitcoin for Microsoft will create another hands to internet, so our questions should be how are they going do about it, is that they will create or generate i chips of bitcoin for subscription or payment, that should be our major concerns.

Given that the idea comes from Microsoft, I have to admit that I am very skeptical, because I find it a little difficult to accept that they are developing something that, according to them, should enable individuals to gain control of ownership rights over their digital identities. A company that is at least controversial with its OS and speculation that they work closely with the authorities by allowing them to spy on people around the world is not exactly the best choice for a project like this.

Some of the comments below the article best show what people think about this.

First of all, Microsoft will not use and rely on Bitcoin to build anything for that corporation. They can not bet on Bitcoin blockchain for the future of their corporation and investors might not believe in it too.

Second, if they build up any decentralized internet, they will build it on Microsoft blockchain (if they make one). With Microsoft blockchain, will the Internet be decentralized. I don't know. They can make a DAO for that Internet but the core still belong to Microsoft.

I just barely know ION, and it seems it's pretty under the radar over the whole time, or maybe it's just me that didn't keep up with what is going on.

It's running on layer 2 on Bitcoin just like LN, I assume. I suppose that LN is built to help the scalability issues that goings-on Bitcoin, especially the micro-transaction. So, it indeed helps bitcoin adoption.

About ION, I personally think that it would be hard to help gain a traction for Bitcoin and also for the project itself. Implementing DID across various technologies would be an extensive task, it also needs many users to be able to use it easily. Anyway, let's see how this will be going on since the development is still pretty early.

Microsoft is a large company specializing in computer technology as well as internet informatics, they are giant companies that know how to grasp the times. If this is true news, the new direction of BTC will not stop developing. Maybe BTC is not used for their intended payment, but they can use the source code or some features of BTC to develop software according to the latest trend of the market today.

Looks like in the end of the day bitcoin will be the only thing we need and all altcoins (ETH included) are only test fields to test various scenarios and use cases. This is 3 month old article. Wonder why it was so quiet about that. We were in bull run that day breaking 60k.

I also wonder why no one talks about taproot implementation that will be activated mid-November 2021. Everyone is so excited about finex whale, Elon Musk, Michael sailor, "Wyckoff patterns" that people forget what its all about ignoring fundamental improvements of bitcoin.

Here is another article that references the same topic that has been shared by Michael Saylor.
In my opinion, this is a new advance that decentralization achieves thanks to the technology powered by bitcoin.


Project developer Daniel Buchner is forming a working group according to this tweet.