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Topic: MICROSOFT WANTS TO "PROTECT" YOUR IDENTITY WITH BITCOIN (Read 323 times)

full member
Activity: 798
Merit: 109
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It is really questionable but I think one of the reasons why they would like to do is to use the term "blockchain" but will develop the technology for 4-10 times faster from its original. I guess Microsoft would be able to make blockchain faster and more efficient since they already have all the resources they need to do so. Having one identity is good for normal people who do their stuff normally and legal.
But with the people who do a lot of stuff on the internet, it will look like regulation and security that won't let them do their things.
legendary
Activity: 2884
Merit: 1117
Microsoft doesn't seem like that type of company. They have never acted in evil way willingly. Of course there are hackers out there and since most computers are now microsoft people tend to build viruses for microsoft and all that but the company itself never hurt anyone willingly. Meaning if they use blockchain they wouldn't really try to sell that data in a facebook manner of way.

They are just trying to help you out in any way they can and they are nerds themselves so when they hear a chance to build something new they get excited about it for sure. Remember Bill Gates the creator is constantly helping people out everywhere in the whole world with all his money, why would an evil men trying to make money from bad stuff use that money to help the poor.
sr. member
Activity: 854
Merit: 281
I'm not a software developer but Microsoft building on top of the bitcoin protocol is a big win for bitcoin as it legitimizes the technology in the eyes of the public. More than likely it means big companies are buying into bitcoin without divulging details to the public. I am unsure how this would be masked with the accounting, but there's probably a way.
member
Activity: 663
Merit: 10
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I really don't believe in microsoft's technology. For entrepreneurs, they do not want to do anything that is not beneficial to them. instead of protecting information and making transactions better, they will hold all of our information and do something for their experiments in the plan.
Big businesses are reputable but they have enough power to manipulate the world. I really don't trust Microsoft about this development.
hero member
Activity: 1190
Merit: 541
Reading this article makes the think that deleting my Microsoft account was the best move ever. Grin
I would be glad if they could just fix Skype and make it the convenient and light fast app it used to be.
Microsoft must stay away from crypto world.They will screw everything with their "blockchain" project. 
LOL, they don’t have to stay away from blockchain if they feel it is what will benefit their company. One thing you need to understand about blockchain is that it gives us the free will to make our own choices without it being imposed on us, instead of them staying away, since we are the one that is not comfortable, we should be the one to stay away from them just like you are doing already.

To me, I feel we really need companies like Microsoft to encourage blockchain technology, if the awareness of blockchain can go far, then it will be a very simple thing for cryptocurrency to achieve its goal too and adoption will increase.
full member
Activity: 742
Merit: 144
No, I say Microsoft can't be able to protect the identity of its users. Protecting themselves from the possibility of their products being hijacked simply can't, how do we as consumers believe things like this just like that ? As a big and old companies, they should give the consumer any "proof or trust" why we should choose them.
They can protect our identity but of course they can also use it and sold it in the market. I doubt that they will provide that proof of trust because they are confident that the consumer will use their product no matter what, adding blockchain technology might help them to improve but there's still a doubt about protecting the consumers.

Microsoft must stay away from crypto world.They will screw everything with their "blockchain" project. 
Its a big company, they need to adopt or else they will die. If they invested, well its the choice of the consumer whether to use Microsoft or not.  Cheesy
hero member
Activity: 3164
Merit: 937
Reading this article makes the think that deleting my Microsoft account was the best move ever. Grin
I would be glad if they could just fix Skype and make it the convenient and light fast app it used to be.
Microsoft must stay away from crypto world.They will screw everything with their "blockchain" project. 
legendary
Activity: 1526
Merit: 1179
But to be fair, whether microsoft will "try" to protect our privacy, it can't take part of linux because this is the only operation system that really takes care of it, I am amazed why they didn't come with such proposal.
Everyone knows microsoft is centralyzed and they'll never protect our privacy, nor google, nor apple, nor any american or chinese company.
Correct. Microsoft thrives on using your private information against you to make a buck out of it. Pretty much any large software/internet company makes money by collecting user data, and this is one of their main income sources.

I remember having seen a video fragment where Mark Zuckerberg said that user privacy is the most important property of their users, and that they will protect it at all times.

I could just see that he didn't meant a word of what came out of his mouth. Facebook thrives on selling information to any entity willing to pay for it. The only bad thing here is that people don't stop using it despite knowing how Facebook works. Undecided
member
Activity: 546
Merit: 10
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No, I say Microsoft can't be able to protect the identity of its users. Protecting themselves from the possibility of their products being hijacked simply can't, how do we as consumers believe things like this just like that ? As a big and old companies, they should give the consumer any "proof or trust" why we should choose them.
full member
Activity: 644
Merit: 100
I feel Microsoft's intention to make a centralized login system is indeed a good aim to protect user data so that it cannot be hacked by irresponsible parties, this system is indeed better than today which only uses conventional login systems, but if Microsoft uses can the system be used by all users? especially for those in areas that have poor signal qualifications or are not even connected by internet networks.
hero member
Activity: 1806
Merit: 672
This just could be another AML trick Micrsoft is trying to do in favor of the government first off a lot of wallets that aren't related to web wallets don't even have any kind of identification for you with. By having this kind of system the user or at least the microsoft product user needs to provide identification in order to “protect” it which is funny because if they do want to protect the identity of the user, they wouldn't be needing any kind of personal information from them. It's just like a decentralized exchange asking for a KYC.
hero member
Activity: 2352
Merit: 905
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Hmm, seems microsoft is looking for big changes, as I read lately, they are going to move on paswordless system, on a new type of signing option, seems interesting (google microsoft goes passwordless).
But to be fair, whether microsoft will "try" to protect our privacy, it can't take part of linux because this is the only operation system that really takes care of it, I am amazed why they didn't come with such proposal.
Everyone knows microsoft is centralyzed and they'll never protect our privacy, nor google, nor apple, nor any american or chinese company.
sr. member
Activity: 1092
Merit: 256
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Microsoft always has its own security system and they might seem new to the blockchain technology, but they'll be having a very big research team who already have more things explored. Microsoft has been working with one of the blockchain development team chainlink for Microsoft azure. This also show the involvement and someway they try to give the best to the users.
full member
Activity: 700
Merit: 100
Even if they want to protect it, i really don't trust them 100%, as we know somehow in history they had also problems with windows and there are some users who say they know what we do when we are online when using windows OS.

Well nothing in this world is 'fool proof' as they say. Even the beloved and admired blockchain is getting hacked.

Article: https://www.technologyreview.com/s/612974/once-hailed-as-unhackable-blockchains-are-now-getting-hacked/


Even Binance, a known exchange with the tightest of securities is hacked.

Article: https://thenextweb.com/hardfork/2019/05/08/binance-suffers-40m-loss-bitcoin-hack/

We shouldn't  be too hard on them.
hero member
Activity: 1414
Merit: 516
Even if they want to protect it, i really don't trust them 100%, as we know somehow in history they had also problems with windows and there are some users who say they know what we do when we are online when using windows OS.
legendary
Activity: 1526
Merit: 1179
This is why I treat this news with optimism and its great seeing more and more big companies utilizing the power of blockchain in different ways.
There is no such a thing as 'utilizing the power of blockchain'. The blockchain as general tech doesn't offer an advantage over what centralized databases legacy corporations already use. It's a buzzword hype.

Corporations will seek to leverage Bitcoin's decentralized nature as most secure network to offer their clients a wide variety of services that provide absoluteness, which is something that can't be done without Bitcoin....
Ucy
sr. member
Activity: 2674
Merit: 403
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Guess this is about making keys or private keys more private by allowing users to hold them themselve in decentralized manner.  I think some blockchain applications are already doing similar things.
It is indeed a great stuff coming from such company.
full member
Activity: 924
Merit: 148
I've got no prigraming skills to check if they are so opened with their github or not but the general trend among leading IT companies is leading to centralization. Recently Pavel Durov (CEO of Telegram) blamed Facebook, and especially WatsApp, in lack of privacy. Even when Mark Zukerberg is claiming that they implemented end-to-end encryption they still keep saving backups on the centralized cloud.
So as we see today IT companies can make a sight they are fighting for privacy and do absolutely opposite things.
full member
Activity: 1708
Merit: 105
There will be pros and cons if it happens. We all know that we all need security but I don't think Microsoft could provide the security that we're all looking for without giving us any doubt. There are lots of possibilities that might happen unexpectedly. If microsoft could protect the entire blockchain access, then it would be an advantage for most of users.
Obviously if indeed it will be prepared and held as a useful advantage, there are at least other alternatives available and may be useful. but it may not be easy to change the habits that have been done, it needs adaptation to it. but during that time indeed for good we need to at least appreciate.
full member
Activity: 700
Merit: 100
There will be pros and cons if it happens. We all know that we all need security but I don't think Microsoft could provide the security that we're all looking for without giving us any doubt. There are lots of possibilities that might happen unexpectedly. If microsoft could protect the entire blockchain access, then it would be an advantage for most of users.

They're sharing information with Azure as what OP said in his post. It will give you doubts especially if you know nothing about the company they are giving your information to.
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