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People have grown so accustomed to renting from the centralized services of web2 that the idea of actually owning things — digital objects you can sell, trade, or take elsewhere — often strikes people as odd. But the digital world ought to obey the same logic as the physical world: when you buy something, you own it. It’s yours. Just as courts of law uphold these rights in the physical world, so should code enforce it online. It just so happens that true digital property rights weren’t possible before the advent of cryptography, blockchain technology, and related innovations such as NFTs. Put simply, metaverses turn digital serfs into homesteaders.

From 7 Essential Ingredients of a Metaverse | Future:

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While advocates of an approach known as self-sovereign identity (SSI) make claims for its prioritisation of user security, privacy, individual autonomy and self-empowerment (Giannopoulou & Wang 2021), it is fundamentally a mutation carrying computer science’s false premise further into community.

From Human identity: the number one challenge in computer science:

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To be clear, online abuse is disgusting, but we must ensure that the medicine is not worse than the malady.

From Human identity: the number one challenge in computer science:

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Identity, in what you might call a natural sense, is reciprocally defining and co-constitutive with relationships and information exchange (Wheatley & Kellner-Rogers 1996, 1998). Identities are immanent in contextual relationships, and relationships are immanent in information exchange. A person is a person through other persons (Birhane 2017).

From Human identity: the number one challenge in computer science:

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When a person makes a payment to another person’s or business’s PayID, they are shown the name of that person or business before making the payment.

The research findings coincide with a campaign developed by the Australian Banking Association (ABA) that highlights how PayID can help businesses avoid scammers who imitate them in a bid to redirect customer payments into their own account.

The campaign follows a report from the ACCC highlighting Australian consumers and businesses had lost $227 million to payment redirection scams during 2021.

From PayID fights fraud and mistaken payments – NPPA:

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The UK Government funded Agile Integrated Airspace System (ALIAS) programme will see drones being used to test cutting edge aircraft guidance technology aimed at making the skies safer for all aviation, and ultimately enabling autonomous unmanned aircraft providing a better supply-chain and connectivity to the UK and Europe.

The project will use Jersey’s world-class connectivity, which includes three separate 4G networks and multiple dedicated Internet of Things (IoT) networks.

From Jersey to be testbed for technology trial leading to autonomous flights – Channel Eye:

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Payments might provide part of the answer. Payment industry professionals feel the challenges of online payment every day: carpet-bombed by fraud attacks, margins eroded by high fees and challenges with delivery and fulfilment.
In such circumstances, it’s no surprise to hear that banks and merchants are keen on an environment that promises low to zero fees, instant fund transfers and fulfilment either online, or via local logistics partners through the metaverse.
Citi GPS’s vision for payment in the metaverse sees cryptocurrencies existing alongside Central Bank Digital Currencies (CBDCs, or digital versions of fiat currencies) and stablecoins, or digital versions of fiat currencies.
It argues that fiat currencies themselves, in the form of tokenised credit and debit cards or digital wallets, are likely to have a lesser role and says that payment will be realised using blockchain-enabled rails, making the exchange of value faster and cheaper for transacting parties.

From Long Read: The Metaverse – Is it a fad or the future?:

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The latest report shows that the consumption of old music grew another 14% during the first half of 2022, while demand for new music declined an additional 1.4%. These old tunes now represent a staggering 72% of the market.

From The New Numbers on Music Consumption Are Very Ugly:

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Remember when I wrote that I did not understand why people still rob banks? After all, banks have lots of alarms and defences and do not really have that much money inside them any more.

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A crook posed as a G4S security guard to trick bank staff into handing over cash boxes with £150,000 inside.

The criminal strolled into a Santander’s Brixton branch in a uniform kitted out with both a helmet and visor, although sources claimed it wasn’t even a G4S uniform.

The man reportedly showed a fake ID and took two boxes at once, which is against regulation.

From ‘Bank robber’ walks out with £150,000 after telling Santander staff he was a G4S security guard | Daily Mail Online.

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Hence in many parts of the world, criminals have turned to the ATM as the target of choice. Compressed gas attacks, ram raids and explosives are all used to get hold of cash, which remains a trigger for criminality.

There was a story about this in Vice recently, focusing on Amsterdam. Amsterdam has been plagued by gangs targeting ATMs with air compressors, so the city now requires that  that all ATMs must be shut by 11PM. I imagine this must be quite frustrating for people out enjoy the famed nightlife in the city, but there you go. Anyway, the criminal fraternity have responded to the new incentives by blowing ATMs up with explosives instead with the result that they are now destroying entire buildings in the process. It’s a risky business of course, because explosives destroy things indiscriminately. Or, as one Dutch law enforcement person quoted in the Vice story said of the gangs, “They can’t work out the proper charge for the bomb and keep blowing up the f***ing money.”

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The myriad applications of Web 3.0 are likely to illustrate the critical need for user-centric digital identity. Users will expect granular controls over how and when their information is shared. If Web 3.0 truly consumes all aspects and functions of our transactional existences (particularly from mobile devices), users will need to “unlock” different aspects of their identities depending on the use case.

From Identity for Web 3.0, the Metaverse and Beyond – Liminal.co:

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Credentials