Starting to understand the real-world use cases for Token Bound Accounts (TBA; ERC-6551). I feel like it’s one of the more legit opportunities we have in crypto to create unique businesses, opportunities, and experiences that weren’t possible before. Brand new. Not old things in shiny wrapping.

Just finished my read on the ERC6551.

Some doubts raised:

Ownership cycles look like a problem. 
Do you think that making the NFT an SBT (Soul bound token) solves it?

what about ERC1155 nfts?

kind of sad when a large percentage of website visitors are just airdrop farmers

Projects can start using Gitcoin Passport. Set certain criteria as Snapshot voter, anny Gitcoin Round contributor, POAP holder, Proof of Humanity verified, Twitter verified etc.

Flat is down.

Seems like we are missing a hook. Something to do upon arrival eg invite your friends, share a last pic you took, scavenger hunt for features, earning badges… and oc Money Games.

I don’t think airdrop farmers are sophisticated at all. At PoolTogether, there was hundred of people farming POAPs during our community calls, despite making it clear that you wouldn’t receive any rewards for holding these POAPs...

Let's play a story game since it's Friday night: "The first sentient AI was elected president."

Everyone can add 1 sentence to the story. Deadline is EOD Sunday.
 
You might get a POAP. Longest chain wins.

Small improvement to Warpcast suggested follows / For You page: algo will boost ranking for users with an active badge. https://i.imgur.com/yRV7wnP.png

what is that badge info? no mention anywhere on the app I can see

11 @purple proposals for our "Wtf should we do" prophouse!

(Also the 0.01 ETH is instead now a POAP)

Vote vote vote vote vote

https://prop.house/purple/what-should-purple-spend-its-time-and-eth-doing

I'd actually still like to know whether a 🚾 pfp is an nft.

Is the practice now to check a user's nft tab to see if the pfp is there?

Or does a non nft pfp user not even qualify for the active badge?

Might take a break from twitter and work for a farcaster active badge. Elon is pissing me off. Is farcaster woke?

A zk-SBT is minted based on the successful verification of the ZKP and the attester's signature. So instead of saying you are Jack, from Australia, age 23, you can now mint an SBT saying you are an adult from Oceania. If you change the zkProgram, you can generate proofs of other attributes about you with ease.

We will discuss the zkVM and zkProgram we built into the zkID wallet in follow up posts. Now please enjoy the blazing fast ZKP computation in your wallet and mint your zk-SBT in our event: https://cred.zkid.app/#/event/zk-kyc2023

To a verifier, you need to prove two things: 1) your data is authentic and 2) you computation is correct. To prove the first one, you have the signature of your verifiable credential and to prove the second, you have a ZKP. Yeah!

An SBT on the other hand, is an existing primitive in Ethereum. It can be minted and revoked, it has great interoperability with smart contract and it can be used for negative info, but it falls short of holding private information.

So why not combine these two ingredients and get the good parts from both world? Introducing zk-SBT. At zCloak Network, we store user identity data with W3C verifiable credentials, which has a merkle tree data structure built in for functions such as selective disclosure and ZKP computation.

At zCloak Network, we think both primitives have their merits. A credential is light-weight, private by default and costs almost nothing, but you still need a public storage (e.g. a ledger) to hold the revocation information and it can hardly be used to present negative reputation.

Despite its versatile utility, SBT has its own issues—an obvious one was about privacy. As all info in the SBT is transparent and open in Ethereum, it was not suitable to hold private user data. You don't want to write your passport details into an SBT.

There were also debates on whether off-chain signed claims/credentials work better than an SBT. @vbuterin 
 wrote a good article on that topic: https://vitalik.ca/general/2022/06/12/nonfin.html

Back in May 2022, the concept of SBT brought a lot of excitement to the Ethereum community. The idea to use tokens to represent social relation, transfer of trust and eventually a Decentralized Society (DeSoc) was refreshing in the heat of all the profit farming financial applications.

Try out the zCloak Network zk-SBT event at: https://t.co/49HqXo4gX0

Tonight’s 🟪 Idea: A retroactive funding round in which all Farcasters are eligible voters.

1. Create a free mint token available only to a whitelist of All Farcaster addresses.

2. We run a 5 ETH round 

3. Anyone with a 🟪 or free mint token is a voter.

4. All FCers become eligible voters. An FC-wide event.

I like the spirit! Is there a way to do it without the extra mint?

A token(s) is required but two ideas:
1. We airdrop the token on everyone
2. We include all the Farcaster related tokens that already exist, Farcats, Farcon, Dan's Free Mints, farcasting no1 etc

Bonus: Can you whitelist POAPs? I think a POAP can be used for voting.

"ACOLYTE" badge is elite https://i.imgur.com/mlST4a2.png

A light bulb 💡 use case for 6551:

a membership card that stores your POAPs and club balances https://i.imgur.com/baPSVMX.png

both. 

 i'm thinking it here more along the lines of... if you remove the illusion that identity is a fixed, you tap into the idea that identity is a composable stream of actions that enables downstream things, same way you adopt tech. 

use Apple products to have seamless Apple experiences. can map to artist, etc.

why would id be fixed? Maybe I'm missing sth. For long I wondered how Spanish I really am. I'm still struggling w/ my German id. It took me years to accept working mother id. I revolted against the widow id & later wore it as a badge of honor.  

What I don't have a clue about is id as related to culture/music/art

Day one of posting random stuff to get the active badge 😉

Friends, I HAVE MADE IT!!! Active badge!!!!!!!!!! 🏃🏻‍♀️🚀🔥🫡

Farcaster PSA

We're almost done migrating all of the v1 Farcaster data to Hubs. Last 2 items are connected addresses and follows.

If you see this notification on Warpcast, please take the 30 seconds to reconnect your Ethereum address.

Offchain, gasless, safe signature (EIP-712)

1/2 https://i.imgur.com/CcPdoDn.png

I keep signing and keep getting stuck at "redirecting to farcaster..."

I don't see the badge so I assume it is not working

I need to give it a try. I have ideas. 
What if I mint a soul bound token into this type of NFT is it tied to it forever? I could do something with that.

Yep - sending a soulbound token to an NFT's ERC-6551 account means the soulbound token will forever be tied to the NFT.

it's probably the business team driving decisions

partners with kickback

also seeing sec being interested in topshot

they asked devs how to make it compliant

they suggested sbt

and then they went sbt without any consideration

source?

guess why ketl.xyz karma is SBT 😅 http://ketl.xyz

big miss by nike...

forces you to use a third party wallet (bitgo? wtf is that?)... just let me link my existing wallet. It's soulbound so can't even send it.

huge L... the next wave of ethereum will be defined by the community social graph. GG nike, maybe next time. https://i.imgur.com/3xjFQtP.png

@df / SBT