MicroStrategy’s Bitcoin (BTC)-Based Identity Solution Sparks Doubt Among Crypto Twitter Community

• MicroStrategy has proposed a new Bitcoin-based strategy for combatting online spam – though Bitcoiners are skeptical as to whether it’s a good idea.
• During the annual MicroStrategy World conference on Wednesday, the company’s executive chairman Michael Saylor unveiled “MicroStrategy Orange” – an open-source decentralized identity solution built on Bitcoin.
• MicroStrategy described their technology as an “enterprise-grade platform for implementing Decentralized Digital Identifiers (DIDs)” across any organization.

MicroStrategy introduces a new Bitcoin-based strategy, MicroStrategy Orange, aimed at combatting online spam. However, the Bitcoin community remains skeptical about its effectiveness.

What is MicroStrategy Orange?

MicroStrategy Orange is an open-source decentralized identity solution built on Bitcoin. The platform, described as an “enterprise-grade platform for implementing Decentralized Digital Identifiers (DIDs)” across any organization, aims to provide an internet-native, decentralized digital identity backed by Bitcoin. One of its core services, “Orange for Outlook,” provides an orange check for emails verifying that they’re from an authentic person or entity, rather than spam. Unlike previous attempts at a decentralized identity, MicroStrategy’s platform will allow enterprises to deploy DIDs to tens of thousands of team members within a matter of hours.

Criticisms Of Saylor’s Offering

Despite the innovative approach, Saylor’s solution has been met with skepticism from the Bitcoin community. Critics argue that the solution “needlessly bloats Bitcoin” and accuse Saylor of using Bitcoin as his own personal and corporate data store. However, supporters believe that the announcement provides legitimacy to the Ordinals protocol, which until now, has largely been used for minting speculative NFTs and meme tokens.

Conclusion

While MicroStrategy Orange presents a new approach to combatting online spam, its reception within the Bitcoin community remains mixed. As the platform continues to develop, it will be interesting to see whether it can overcome the criticisms and prove its effectiveness in the long run.