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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
Leading Crypto Sports Betting & Casino Platform
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: 3094
Merit: 929
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: 2310
Merit: 886
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: 2576
Merit: 402
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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.
hero member
Activity: 1036
Merit: 500
Microsoft is a company with a lot of sense and they think so much ahead of time, they have seen that cryptocurrency is the future the world is going towards, and no matter how big your company could be, if you don't have a base in the crypto space, you will be very irrelevant in few years to come, this is why a lot of mainstream companies that knows about this are doing everything possible to make sure they have a base in the crypto space for the future.
hero member
Activity: 1274
Merit: 519
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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.
hero member
Activity: 3178
Merit: 977
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Codes are freely available, but why don’t they open up their operating system, office suite? For them, our approval is not important, as any corporation needs investments. Which they will receive without our approval.

Ugh I didn't think I would ever speak up for Microsoft, but at the end of the day, they're a for-profit company. Giving away their products would be shooting themselves in the foot. That doesn't mean that they can start non-profit initiatives though, which is what this project looks like. I even think it's a good sign (albeit hyprocritical I know lol) that they're pushing for privacy.

Either way, it's your choice what to do with your data, of course. It's not like they're forcing anyone either.
Majority of the companies are basically for-profit companies and I would always support Microsoft since they have actually done a lot more good than bad over the years when compared to certain companies like Facebook etc.

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.
legendary
Activity: 3654
Merit: 1165
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I think they are not really aiming at decentralized ways, they are Microsoft and they have millions (maybe even billions?) of computers all around the world so making it decentralized would have been easy but then it would make it hard for them to keep updating and keep improving so they do need to have an internet connection and connect Microsoft somehow.

Moreover, I feel like the system where blockchain gives us all individual wallet address and make us have our own identity via our wallet address could potentially work for Microsoft and computers as well. Right now all of our computers do have some sort of identity code that eventually can be traced back to Microsoft who probably knows even which factory it was made in. Hence blockchain could help that a lot.
legendary
Activity: 2954
Merit: 1153
Thinking the other possibility, is this one way of combating piracy of their products?  I never thought that microsoft would give its users any advantage before them.  This is pure business imho.  Probably they are riding the trend since they know they will be left behind if they don't.
hero member
Activity: 1834
Merit: 759
Codes are freely available, but why don’t they open up their operating system, office suite? For them, our approval is not important, as any corporation needs investments. Which they will receive without our approval.

Ugh I didn't think I would ever speak up for Microsoft, but at the end of the day, they're a for-profit company. Giving away their products would be shooting themselves in the foot. That doesn't mean that they can start non-profit initiatives though, which is what this project looks like. I even think it's a good sign (albeit hyprocritical I know lol) that they're pushing for privacy.

Either way, it's your choice what to do with your data, of course. It's not like they're forcing anyone either.
full member
Activity: 980
Merit: 132
I think the only way to know if a system like the one MSFT is proposing were truly reliable is if the code were open sourced. Yet we know microsoft trends heavily towards proprietary code end users are not allowed to audit. And so, perhaps this news story raises far more questions than it presumably can answer.

The Microsoft of today is not the one we had in the 90s. They have become incredibly open and much more open source friendly during the last decade. Just check their GitHub:

https://github.com/Microsoft

TypeScript is a boon for every web developer and while I personally don't use it, vscode is a pretty awesome IDE.

Either way, it doesn't seem like we have yet enough information to judge on what path MS is taking here. But their planned usage of Bitcoin and IPFS is a hopeful signal. At least they are not on the forefront of permissioned blockchains (looking at you, IBM), even although their offer of running a private Ethereum instance on Azure is (was?) rather silly.

Codes are freely available, but why don’t they open up their operating system, office suite? For them, our approval is not important, as any corporation needs investments. Which they will receive without our approval.
As for technology, I am against its implementation, as it kills anonymity. I am not ready to store my data in the blockchain, even under a powerful digital key.
sr. member
Activity: 1008
Merit: 355
The professor is definitely right. It is really a big deal for Microsoft to embrace this technology as everyone is considering them as one of the best/biggest players in technology aside from apple, google and so on. I've also heard that the Facebook company are working their best for the security and privacy of its users. Considering blockchain as one of the talent and option for solving 2 major problems on the internet. As the old wise man said if you cannot defeat your enemy, join or adopt them. That is what Microsoft does in embracing this. (if it is really real).

We are hoping it is for real. Well, it is good to watch further developments from Microsoft on this matter and see if what they are claiming can be true or they are just disguising things. Eventually, the marketplace can determine if in this case Microsoft can be trusted with their words and not just hyping things up. Microsoft, Facebook and many other big firms are looking to the blockchain technology and see if there are innovations they can adopt and introduce into their respective platforms...this is a good trend for me though we have to closely watch how they gonna do their acts. The pressure for them to do something concrete on security and privacy issues is now pushing them to explore the blockchain technology and I am looking forward changes on this front.
hero member
Activity: 1134
Merit: 502
On the link that you provided there is no source on how did they come up with that idea about microsoft wants to protect individual's identity,
But i know that Microsoft already have integrated Blockchain on their system for Business purposes.

source: https://azure.microsoft.com/en-us/solutions/blockchain/
hero member
Activity: 1834
Merit: 759
ION (their node software) will apparently be open source:

In the coming months, we’ll work with open source contributors and members of identity community to prepare for a public launch of the ION network on Bitcoin mainnet. During this time, the project’s code will evolve rapidly and is best suited for use by experienced developers. If you’re a developer interested in contributing, you can use the ION node installation guide to get a node up a running on your machine. Please file any bugs you notice as “Issues” in the ION repo, and submit “Pull Requests” to help accelerate development. If you’re not an experienced developer but would still like to interact with an ION node, we deployed an early preview build of ION on Azure. For more info, see DID Registration.

Maybe this could be a good thing? I could certainly see the need for something of the sort, with so many leaks of user information through security breaches because of providers' neglect. I think I'll withhold my judgement until there's a usable product, but at the end of the day, it's going to be useless unless large providers opt in. If nothing else though, I think this provides Bitcoin with much needed legitimacy among the mainstream.
legendary
Activity: 2366
Merit: 1206
The professor is definitely right. It is really a big deal for Microsoft to embrace this technology as everyone is considering them as one of the best/biggest players in technology aside from apple, google and so on.

I've also heard that the Facebook company are working their best for the security and privacy of its users. Considering blockchain as one of the talent and option for solving 2 major problems on the internet. As the old wise man said if you cannot defeat your enemy, join or adopt them. That is what Microsoft does in embracing this. (if it is really real).
newbie
Activity: 44
Merit: 0
I really want to understand the CEO is not a member? It's not really clear, so who can trust these institutions, the public?
full member
Activity: 1554
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Encrypt your identity in the block chain? No way, private key is the identity we need, also we don’t need to have only one identity, we can have three or four or multiple identities, one identity is the most silly idea ever because it would make tracking easy, and once your identity is inked, you can’t change the immutable blockchain, your freedom of having many identities are gone forever, you can forget about the dupes, spams, ddos and all the cool features we all love to use.
legendary
Activity: 3038
Merit: 2166
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I think the only way to know if a system like the one MSFT is proposing were truly reliable is if the code were open sourced. Yet we know microsoft trends heavily towards proprietary code end users are not allowed to audit. And so, perhaps this news story raises far more questions than it presumably can answer.

The Microsoft of today is not the one we had in the 90s. They have become incredibly open and much more open source friendly during the last decade. Just check their GitHub:

https://github.com/Microsoft

TypeScript is a boon for every web developer and while I personally don't use it, vscode is a pretty awesome IDE.

Either way, it doesn't seem like we have yet enough information to judge on what path MS is taking here. But their planned usage of Bitcoin and IPFS is a hopeful signal. At least they are not on the forefront of permissioned blockchains (looking at you, IBM), even although their offer of running a private Ethereum instance on Azure is (was?) rather silly.
legendary
Activity: 2562
Merit: 1441
Quote
MICROSOFT WOULD LIKE to loosen its grip on your login. The company’s credentials are used all around the internet, especially by companies and developers who use its cloud service, Azure. But on Monday, the company unveiled a project that, using the technology that underpins bitcoin, would give you control of your own credentials, independent of any company. The question is whether you’ll want to take on the responsibility.

For blockchain enthusiasts, digital identity is one of the most tantalizing, but thus far unrealized, potential uses for the technology. The idea involves designing portable credentials that would work a bit like Facebook Connect, allowing seamless access to all sorts of applications. But instead of Facebook or Microsoft holding the keys, you would. Proponents argue that would be a boon for privacy, because no one could follow your activity around the internet. They also say it would help curb major leaks and hacks, since large pools of user data would be less likely to be stored in one place. Eventually, more complex and sensitive forms of data, from insurance cards to passports, could perhaps be stored in a decentralized digital form.

That’s a long way off, given the balkanized state of crypto—and the internet at large. For a digital ID to work everywhere online, it needs buy-in from all the places that currently covet your login. Ideally, it would work across different blockchains, so competing ID systems don’t arise. So Microsoft, which last year laid out a vision for a “self-sovereign digital identity” that could potentially scale to billions of users, is working with partners. The company is developing open source protocols and standards with the World Wide Web Consortium and the Decentralized Identity Foundation, whose members include Aetna, IBM, and Mastercard. Facebook, which is exploring blockchain technology and whose CEO has mused about a digital identity concept, is notably not a member.

Microsoft’s choice of bitcoin is curious. Bitcoin is notoriously slow, which has been a barrier to using it for much more than speculation. Microsoft plans to get around the limitations with a so-called “layer-two” solution that stores and accesses your data away from the blockchain, using InterPlanetary File System (IPFS). Microsoft says its solution, dubbed ION, can potentially scale to allow tens of thousands of operations per second. (Bitcoin itself can handle fewer than 10.)

Ari Juels, a professor at Cornell and former chief scientist at RSA, says Microsoft’s use of bitcoin is surprising—and welcome. “A well-established player like Microsoft embracing an anti-establishment technology is certainly a big deal,” he says. At this early stage, Microsoft could have been expected to use a “permissioned” blockchain, like the ones run by JP Morgan and IBM. They offer fewer technical challenges but ultimately are controlled by centralized institutions. Instead, Microsoft is tackling the challenges of making a truly decentralized solution for a large number of users.

There’s still a long way to go to design a system that’s truly private and smooth enough to avoid irking ordinary internet users, Juels adds. His group at Cornell is working on some problems, such as issuing credentials in a way that preserves privacy, and how people will take care of their security keys—the “Achilles heel” of any decentralized system, he says. (WIRED knows that better than most.) There are questions, too, about whether the current protocols can be trusted as a safe home for user data. While bitcoin’s blockchain is generally regarded as a solid bet, having run continuously for more than a decade, a less-proven system like IPFS could mean people will want to back their data up elsewhere.

Those challenges make it hard to imagine widespread adoption anytime soon, Juels says. For all the talk of how much we value privacy, most people will quickly trade it for more convenience, opting for a centralized system that removes the headaches. But with a player like Microsoft starting to make some progress, he says, a few brave souls might just embrace decentralization.

https://www.wired.com/story/microsoft-wants-protect-identity-bitcoin/

....


Let's play a game: how many contradictions or falsehoods are contained in the above article?

Microsoft is promoting a centralized system for managing logins, they claim will decentralize the process. Microsoft claims this will enhance user anonymity when in reality centralized paradigms usually have the opposite effect.

I think the only way to know if a system like the one MSFT is proposing were truly reliable is if the code were open sourced. Yet we know microsoft trends heavily towards proprietary code end users are not allowed to audit. And so, perhaps this news story raises far more questions than it presumably can answer.

Recently, many social media platforms were caught storing end user passwords in plain text. It may represent a natural progression for this proposal to represent a sequel to that.
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