Re: Unlawful Unregistered Securities, DID and VC

Personal hat firmly on, I would be a fan of removing the did registry.
Especially in favor of standardizing of few methods, such as did:web

Mike Prorock
CTO - mesur.io

On Wed, Jun 7, 2023, 08:34 Orie Steele <orie@transmute.industries> wrote:

> W3C operates on consensus, and the registry is a note.
>
> You are welcome to raise a PR removing an entry and provide your
> justification, if the working group can't resolve the issue, it can be
> escalated all the way up the chain.
>
> (Pun intended).
>
> The working group might also consider removing the method registry
> entirely, since it is not necessary for URNs to remain namespaces, and has
> been cited as a point of market confusion.
>
> Be the change you want to see in the world.
>
> On Wed, Jun 7, 2023, 5:25 AM Steve Capell <steve.capell@gmail.com> wrote:
>
>> Well I’ve said before that it looks to me like all but a dozen or so did
>> methods are really just marketing for “me too cryptocurrency ponzu schemes”
>>
>> Feel a like a government blacklist is more than enough rationale for w3c
>> to remove those methods from the register
>>
>> Probably a lot more ought to get shot too but it’s not obvious what is
>> the fair criteria for shooting
>>
>> Steven Capell
>> Mob: 0410 437854
>>
>> On 7 Jun 2023, at 8:02 pm, Melvin Carvalho <melvincarvalho@gmail.com>
>> wrote:
>>
>> 
>> This issue has been raised previously, but the severity of the situation
>> has escalated recently. The US government has started taking legal action
>> against companies that allegedly promote unregistered securities, as
>> outlined in this document:
>>
>> https://www.docdroid.net/I02zzqT/sec-v-binance-4-pdf.
>>
>> Specifically, twelve blockchains have been named: BNB (BNB), Binance USD
>> stablecoin (BUSD), Solana (SOL), Cardano (ADA), Polygon (MATIC), Filecoin
>> (FIL), Cosmos Hub (ATOM), The Sandbox (SAND), Decentraland (MANA), Algorand
>> (ALGO), Axie Infinity (AXS,) and Coti (COTI). There may be more beyond this
>> list.
>>
>> What is particularly disconcerting is the visibility of many of these
>> potentially problematic instruments under the auspices of the W3C logo,
>> particularly in the DID method registry:
>> https://w3c.github.io/did-spec-registries/. It's worth noting that many
>> of these also finance standards work.
>>
>> In securities law, the attitude of "If you think something is illegal,
>> don't use it" is insufficient. The potential risk here is that W3C's
>> reputable image could be tainted by these developments. Urgent action is
>> required to rectify this situation.
>>
>>