154 - Sign-in With Ethereum with Wayne Chang
Bankless
Bankless
4.7 • 1.2K Ratings
🗓️ 23 January 2023
⏱️ 89 minutes
🧾️ Download transcript
Summary
✨ DEBRIEF | Unpacking the episode:
https://shows.banklesshq.com/p/debrief-wayne-chang-sign-in-with-ethereum
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Wayne Chang is the co-author of EIP4361, otherwise known as the Sign in with Ethereum (SIWE) Standard. He’s also the co-founder and CEO of Spruce, a company that is working to grow SIWE adoption to make the internet more user-first.
Can Ethereum help us take back our identity on the internet? There will be two phases of crypto–in phase one we take back our money. In phase two we take back our identity. Tune in to find out how.
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Topics Covered
0:00 Intro
8:50 Identity on the Internet
17:15 Current State of Identity on the Internet
23:25 Web2 Log-in Risks & Incentives
25:50 Authentication vs. Authorization vs. Identity vs. Identifier
30:52 Sign-in with Ethereum
36:12 The Benefits of SIWE
39:15 The Rest of the SIWE Iceberg
40:50 Bringing Your Own Data Vault
46:19 Data Representing Identity
48:54 Identity & Data Vaults
50:40 Dapps & Use Cases
56:16 The Future of SIWE
1:02:33 Zero Knowledge Proofs & Minimal Disclosure
1:07:09 Bots
1:08:30 Deep Fakes
1:09:39 Session Keys & No More Cookies
1:15:14 Ethereum the Blockchain’s Role
1:17:25 Ethereum & Identity
1:19:40 Why Log-in with Ethereum?
1:22:30 Censorship Resistance
1:24:40 Festival of the Commons
1:29:40 SIWE Next Steps
1:31:43 Why SIWE is Important
1:32:52 Closing & Disclaimers
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Resources:
Sprue
https://spruceid.com
Read EIP 4361
https://eips.ethereum.org/EIPS/eip-4361
Wayne Chang
https://twitter.com/wycdd
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Not financial or tax advice. This channel is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This video is not tax advice. Talk to your accountant. Do your own research.
Disclosure. From time-to-time I may add links in this newsletter to products I use. I may receive commission if you make a purchase through one of these links. Additionally, the Bankless writers hold crypto assets. See our investment disclosures here:
https://www.bankless.com/disclosures
Transcript
Click on a timestamp to play from that location
| 0:00.0 | Welcome to Bankless, where we explore the frontier of internet money and internet finance. |
| 0:11.8 | This is how to get started, how to get better, how to front run the opportunity. |
| 0:15.4 | This is Ryan Sean Adams. |
| 0:16.4 | I'm here with David Hoffman, and we're here to help you become more bankless. |
| 0:21.0 | David, I just realized we talk about internet money and internet finance in the intro. |
| 0:26.1 | We should also add internet identity to the list of things we are covering in bankless. |
| 0:30.7 | Today's episode is about Ethereum, its ability, potentially, to take back our identity on |
| 0:36.5 | the internet. |
| 0:37.5 | We're exploring that topic with Wayne Chang, who's a researcher and a core dev behind |
| 0:41.6 | the sign-in with Ethereum project. |
| 0:43.6 | If you haven't heard about this project, this is the episode to pay attention to. |
| 0:47.8 | A few things to look out for. |
| 0:50.0 | Number one, why Google, Facebook, and Twitter are actually banks for your identity. |
| 0:55.4 | Of course, we are bankless, so as there are an alternative. |
| 0:57.8 | Number two, we talk about why Wayne thinks Ethereum can disrupt these Silicon Valley tech |
| 1:02.2 | companies and become the standard way you sign into every application and social media |
| 1:06.6 | platform on the internet. |
| 1:08.2 | Number three, we talk about how this leads to a more sovereign, decentralized, and free |
| 1:12.4 | internet for the world. |
| 1:13.9 | Crypto has been called. |
| 1:14.9 | You've heard us talk about this before, a separation of money and state. |
| 1:18.7 | This is the separation of identity and state, and is perhaps even more profound, David. |
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