Re: Introducing the Bitcoin Ordinals DID Method

po 1. 5. 2023 v 21:01 odesílatel Brian Richter <brian@aviary.tech> napsal:

> Hello CCG,
>
> I have created *Yet Another DID Method*. This method uses Bitcoin
> transactions directly on L1 to manage DID Document state. The full
> specification can be found on github
> <https://github.com/ordinalsreserve/btco/blob/main/spec.md>. I welcome
> your feedback, questions, and suggestions as this method is developed and
> refined. Please don't hesitate to send me questions about the method or
> ordinals directly.
>
> The Bitcoin Ordinals DID method is a decentralized identifiers (DIDs)
> solution that leverages the Bitcoin blockchain and ordinal theory. By
> uniquely identifying individual satoshis, this method enables creating,
> resolving, updating, and deactivating DIDs without altering the Bitcoin
> network or requiring additional sidechains or tokens.
>
>
> *DID Syntax and DID Document*DIDs in this method have a specific syntax,
> which includes a method-specific identifier derived from the Bitcoin
> address and the ordinal position of a satoshi. The syntax can be
> represented as did:btco:<satoshi>.
>
> A DID Document contains a DID's public key, authentication information,
> and service endpoints. The data model follows the W3C DID Core
> Specification, using JSON or JSON-LD as the serialization format.
>
>
> *Creating a DID Document*Select a unique identifier using ordinal theory
> to determine a specific satoshi within the Bitcoin blockchain.
>
>    1. Create a public/private key pair for cryptographic operations and
>    authentication.
>    2. Define any necessary service endpoints for communication or
>    interaction with the DID.
>    3. Create a DID Document with the required properties following the
>    DID Core Specification.
>    4. Inscribe this document (long form json or short form text) onto the
>    satoshi with the ordinal number mentioned in the identifier.
>
>
> *Resolving a DID Document*
>
>    1. Retrieve the inscription data from the satoshi associated with the
>    method-specific identifier.
>    2. If this utxo has been spent, look for the next DID Document by
>    finding another inscription in the spending transaction.
>
>
> *Updating a DID Document*
>
>    1. Perform a Bitcoin transaction that sends the inscription to the
>    control of a new public key (burns the current DID Document). In the same
>    transaction, inscribe the new DID Document. The control will effectively
>    transfer to this new DID.
>
>
>
> *Deactivating a DID*
>
>    1. Perform a Bitcoin transaction that updates the DID but does not
>    transfer control to a new DID.
>
>
> In summary, the Bitcoin Ordinals DID method provides a practical and
> secure solution for managing digital identities within the decentralized
> identity ecosystem. By leveraging the existing Bitcoin blockchain and
> ordinal theory, this method enables a range of innovative use cases and
> applications.
>

-1 to this.  Strongly oppose.

The bitcoin network works best as a financial network

Inscriptions belong off-chain, with at most a reference to them, on-chain


>
> Best regards,
>
> Brian Richter
> Founder / CEO
> Aviary Tech / Ordinals Reserve
> brian@aviary.tech
>
>
>