preserve – Earlybirds Invest https://earlybirdsinvest.com Latest Crypto News Mon, 30 Jun 2025 07:16:54 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.7 https://i0.wp.com/earlybirdsinvest.com/wp-content/uploads/2024/12/cropped-New-Project-2024-12-17T235703.455.png?fit=32%2C32&ssl=1 preserve – Earlybirds Invest https://earlybirdsinvest.com 32 32 240146708 Vitalik Buterin says pluralistic ZK digital IDs are the ‘best realistic solution’ to preserve privacy https://earlybirdsinvest.com/vitalik-buterin-says-pluralistic-zk-digital-ids-are-the-best-realistic-solution-to-preserve-privacy/ https://earlybirdsinvest.com/vitalik-buterin-says-pluralistic-zk-digital-ids-are-the-best-realistic-solution-to-preserve-privacy/#respond Mon, 30 Jun 2025 07:16:53 +0000 https://earlybirdsinvest.com/vitalik-buterin-says-pluralistic-zk-digital-ids-are-the-best-realistic-solution-to-preserve-privacy/

Ethereum co-founder Vitalik Buterin believes that one-per-person digital ID systems, despite using zero-knowledge proofs (ZK proofs), carry risks to privacy. ZK proof wrapped IDs offered by World ID (formerly Worldcoin) using biometric data and ZK proofs have been gaining traction, recently crossing 10 million users.

Therefore, in his blog on Saturday, Buterin suggested ‘pluralistic identity’ as the “best realistic solution” to fully preserve privacy.

ZK proof wrapped IDs use ZK proofs to establish that a user has a valid ID without revealing any details of their ID, thus promising privacy. However, Buterin argued that ZK proof wrapped digital IDs still have loopholes that could compromise privacy.

ZK wrapped IDs solve ‘a lot of important problems’

Buterin concedes that “ZK-wrapping solves a lot of important problems.” Apart from ZKIDs, all options to authenticate a user’s identity on any application require the user to reveal their entire legal ID. According to Buterin:

“This is a gross violation of the common computer-security principle of least privilege: a process should only get the least authority and information required to accomplish its task.”

For instance, if an app requires a user to prove their age, the application should not be able to access any other data in the legal ID. Therefore, ZKIDs provide a crucial and previously unavailable avenue to preserving privacy, Buterin said.

Risks associated with ZK proof wrapped IDs

The designs of current ZK-identity platforms come with constraints—they allow users to create only one ID for each application. Firstly, the one-per-person ID limit means that ZK IDs do not guarantee pseudonymity, Buterin said. He explained:

“In the real world, pseudonymity generally requires having multiple accounts: one for your “regular identity” and others for any pseudonymous identities.”

Teenagers and many others already practice having multiple accounts, calling them fake and real Instagram accounts. Buterin wrote:

“…under one-per-person ID, even if ZK-wrapped, we risk coming closer to a world where all of your activity must de facto be under a single public identity.”

The single ID constraint for each application means that the “practical level of pseudonimity” offered by ZK wrapped IDs is lower. This is because, currently, services like Google accounts allow users to create up to five accounts.

Secondly, users can be coerced by governments or companies to reveal their identities on one or more applications, thus nullifying privacy preservation. For instance, an employer can ask a potential recruit to reveal their full ID on one or more social media platforms as a condition of employment.

Therefore, Buterin said that ZK does not “eliminate the possibility” that a person’s identity could be revealed under coercion.

Lastly, ZK proof wrapped IDs also come with non-privacy risks like errors.

In extraordinary or edge cases, all forms of IDs often fall short. For instance, biometric IDs may not work for users whose features have been damaged or warped by injury. Biometric IDs could also be potentially spoofed by replicas. Additionally, government IDs do not include stateless persons or those who have yet to acquire such documents. Therefore, Buterin wrote:

“These edge cases are most harmful in the case of systems that try to maintain a one-per-person property, and they have nothing to do with privacy; hence, ZK does not help.”

Pluralistic identities are the solution, Buterin said

Buterin defined pluralistic identity as “an identity regime where this is no single dominant issuing authority, whether that’s a person, or an institution, or a platform.” According to Buterin, pluralistic IDs can be explicit or implicit.

In explicit pluralistic identity or ‘social-graph-based identity,’ a user has to prove a certain feature, like their age, or that they’re human, through attestations from others in the community, who are also each verified through the same process. Explicit pluralistic ID systems can allow users to have one or more pseudonyms, with each pseudonym having its own online presence and history, Buterin claimed.

On the other hand, in an implicit pluralistic identity system, a user can provide any ID—government IDs or social media IDs—for verification. According to Buterin, implicit pluralistic identity systems reduce the possibility of a user being coerced to reveal their entire identity.

Furthermore, pluralistic ID systems are “naturally more error tolerant,” allowing people who are generally excluded, like those without the right documents, to prove their identities.

Buterin warned, however, that these benefits disappear and the system effectively turns into a one-per-person ID system when “any one form of ID gets close to 100% market share, and it becomes realistic to demand it as a sole login option.”

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Lawmakers Urge SEC to Preserve Records on Trump-Linked Crypto Firm https://earlybirdsinvest.com/lawmakers-urge-sec-to-preserve-records-on-trump-linked-crypto-firm/ https://earlybirdsinvest.com/lawmakers-urge-sec-to-preserve-records-on-trump-linked-crypto-firm/#respond Thu, 03 Apr 2025 20:42:49 +0000 https://earlybirdsinvest.com/lawmakers-urge-sec-to-preserve-records-on-trump-linked-crypto-firm/

Two Democratic legislators have requested the U.S. Securities and Exchange Commission (SEC) to preserve and disclose records related to World Liberty Financial (WLFI).

In an April 2 letter, Senator Elizabeth Warren and Representative Maxine Waters raised concerns about potential conflicts of interest arising from the Trump family’s involvement in the project.

Concerns Over Trump Family’s Influence

The lawmakers specifically questioned whether the family’s financial ties to WLFI might influence the SEC’s activities under acting Chair Mark Uyeda. The letter states that the inquiry seeks to determine “whether this conflict of interest may be interfering with its mission to protect investors and maintain fair and orderly markets.”

Last month, World Liberty Financial reported over $500 million in exempt securities sales of its governance token, WLFI. According to the document, the president’s family holds a 75% claim on net revenues from token sales and 60% from the project’s operations, currently entitling them to about $400 million in fees.

Warren and Waters called the Trumps’ stake in WLFI “an unprecedented conflict of interest” that could influence the government’s oversight of the crypto industry. They further argued it gives them “an obvious incentive” to direct federal agencies, including the SEC, toward crypto policies benefiting the president’s family.

SEC’s Decision on Sun’s Case

The letter also scrutinized the regulator’s February decision to pause its case against Justin Sun, who has invested $75 million into WLFI. The two politicians asked the agency to preserve “all internal memoranda justifying the initial enforcement decision,” including records of meetings and communications between its officials and representatives of Sun or the Trump family.

Additionally, they requested that the financial watchdog maintain records of “communications, suggestions, or directives” from the White House or the Trump family regarding WLFI or Sun’s case.

They also asked whether it had consulted with ethics officials concerning the Trump family’s crypto investments and requested copies of any policies in place to prevent undue influence from the president’s kin.

According to the document, the American people have a right to know if financial markets are regulated fairly or if decisions are being made to serve personal interests.

The inquiry follows an April 2 House Financial Services Committee session on stablecoin regulation. The government has stated its intent to prioritize stablecoin regulation and integration.

During the session, Waters opposed the bill unless it included provisions preventing Trump or his affiliates from owning a stablecoin issuer, arguing that it “sets a dangerous precedent benefiting the president and his insiders.” Her comments followed WLFI’s March 25 announcement of its plan to launch USD1, a U.S. dollar-pegged stablecoin.

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Trump has purged government websites. The Wayback Machine is trying to preserve the record. https://earlybirdsinvest.com/trump-has-purged-government-websites-the-wayback-machine-is-trying-to-preserve-the-record/ https://earlybirdsinvest.com/trump-has-purged-government-websites-the-wayback-machine-is-trying-to-preserve-the-record/#respond Mon, 24 Feb 2025 04:06:25 +0000 https://earlybirdsinvest.com/trump-has-purged-government-websites-the-wayback-machine-is-trying-to-preserve-the-record/

Government websites have undergone massive changes since President Donald Trump returned to office.

Some of the changes are routine — like swapping out the current president and vice president for their predecessors on the White House’s official site.

But other changes go much further. Several sites — like USAID.gov, ReproductiveRights.gov, and the Spanish-language version of WhiteHouse.gov — have gone offline. Remaining sites have been scrubbed of certain data and terminology in order to comply with Trump’s executive orders targeting “gender ideology” and DEI.

It’s an acceleration of a problem known as digital decay — or linkrot. Large quantities of the internet are disappearing as media outlets go under, companies upgrade their web infrastructure, or organizations take down information they believe is no longer valuable or relevant. A recent Pew Research Center study found that 38 percent of webpages that existed in 2013 are no longer available. Because so much of our culture now happens online, losing those pages means losing part of the record of ourselves.

Mark Graham, director of the Wayback Machine, joined Sean Rameswaram on Today, Explained to talk about digital decay, what his team is doing to combat the problem both generally and during Trump’s second term, and why internet preservation is so important.

Below is an excerpt of the conversation, edited for length and clarity. There’s much more in the full podcast, so listen to Today, Explained wherever you get podcasts, including Apple Podcasts, Spotify, and Stitcher.

For people who have maybe stumbled upon your website but don’t really know what you do, can you give them a sense of the things that you guys have saved in 30 years?

Where do I begin? It’s like walking into a very large library and saying, “Show me your favorite book.”

Last year, there was a big news story that MTV News was shut down. The founding editor wrote about it on LinkedIn, and there were a lot of other editors talking about it: “My God, all of our articles are gone. They’re missing.” And I just casually waded into the conversation and went, “Hi, um … check the Wayback Machine.”

They were like, ‘Oh my God, you guys got it all. What did you do?’ We didn’t do anything when the site went down because we’ve been doing our job all along. We’ve been working to archive the public web, as it’s published, on an ongoing continuous basis. If we have to start paying attention to something after it’s gone down, that means we screwed up.

So what are you guys doing in advance of these sites going down to make sure that people can find out what Everlast was singing about in 2004?

We set our web crawlers and archiving software out on a mission every day to identify and to download web pages and related web-based resources. We bring in millions and millions of URLs every day that are signals of where new material is being published on the web. And we make sure that we archive all of those URLs and all the web pages associated with those URLs.

Then, we look at those pages, and we identify links to other pages. And then we go to those pages and we archive them. That’s where you get this metaphor of crawling like a spider throughout this web.

The net result of it is that we add more than a billion archived URLs to the Wayback Machine every day. This material that’s added to the Wayback Machine is indexed and it’s immediately available to people who go to web dot archive.org and enter in a URL. They are then able to see a history of archives that we have of that web page that was available from the URL at any given time.

“That’s where you get this metaphor of crawling like a spider throughout this web.”

I want to talk about government websites, because that’s the reason we’re having this conversation today. I think most people probably think the government will take care of archiving government websites. But here we are in a new administration and websites are disappearing, coming back online, and people are worried. When you — an archivist of the internet — see this happening, how do you react to that? Is it better or worse than regular, non-governmental websites going offline?

Well, as an American, my tax dollars help pay for some of this stuff and much of it is a benefit to people. Certainly my first reaction is: That might not be such a good thing.

I do want to underscore that the National Archives and Records Administration does do archiving as well, and the Library of Congress. So it’s not like we’re the only game in town. But for whatever reason, we seem to be one of the main players in the space of trying to archive much of the public web, including — and right now, especially — US government websites and making those archives available in near real time.

Were you caught off-guard when you saw the new administration removing web pages, removing websites?

In some respects, this is normal and expected. It’s what’s happened, frankly, for each administration in the time that we’ve been working on this effort. I mean, look, it’s under new management, right? You wouldn’t expect the WhiteHouse.gov website under any new presidential administration to be the same as it was before. You’re going to see the bios of the people that are part of the current administration, the news of that administration. We go out of our way to try to anticipate the frequency in which web pages should be archived so that we have a pretty good shot at getting those changes.

You’re saying that the WhiteHouse.gov site obviously changes administration to administration. I think to some degree people understand that: Joe Biden’s administration probably wouldn’t have been posting trolly Valentines about immigration to their Instagram account a year ago. But what we’re seeing here is websites that people need — websites that record public health information going offline — briefly, permanently, what have you.

Is that a different degree of erasing the historical record — or messing with the historical record — than we’ve seen?

That’s true. It is. It’s different. It’s certainly different in terms of the number [of changes] — seemingly! We’re still in the early stages of this administration, but yeah, I’d say on the face of it, you’re right. Historically, we haven’t seen major US government websites taken offline like we did, for example, with regard to USAID. But I’m going to leave that kind of analysis to others, and really just focus on trying to archive the material.

The Wayback Machine and the Internet Archive are mostly funded through donations: the generosity of people, institutions, even governments. Is that going to be enough to archive the internet to the extent that future generations will want and need?

“Enough” is a very subjective term. As an archivist, for me, it’s never enough. I don’t know, and no one knows, what is going to be of use, value, importance in the future — maybe even the near future of tomorrow, much less the very far-off future. Since millions of people use our site on a daily basis, we get a lot of feedback from them. It motivates us, but it also helps direct us and inspires us to continuously try to do a better job at being the best library that we can be.

“As an archivist, for me, it’s never enough.”

You guys have been at this for nearly three decades. Certainly, you’ve saved a lot of stuff. Certainly, a lot of stuff has fallen through the cracks. I wonder, is there something that slipped through the cracks that might suggest to our audience what is lost when we can’t archive to the extent we want to, or need to?

Okay, I got one! This is just in recent history. Apparently there was a page up on the CDC website about bird flu last week that was only up for a few minutes, and no one got it.

And by losing that fleeting web page, that one maybe minor, maybe major web page about bird flu on the CDC website, what are we losing?

Well, we’re losing part of the story, right? We’re losing part of our understanding of the evolution of arguably a significant health issue. We don’t know where this is going to go. I guess that’s the other point, right? You don’t know now what is going to be very important in the near or longer term.

In the time of Martin Luther, there were raging debates. Much of that debate took the form of things that were written on pamphlets. The pamphlets at the time were considered of little value: People read them and they shared them, but they didn’t necessarily save them. So today, a scholar of that time — or someone like me, who is strangely curious — what I would give for a collection of those pamphlets.

You are comparing, in a way, a CDC website to the Protestant Reformation. But I think you mean it, don’t you?

I do! Because I don’t know. One really can’t know without the benefit of the long historical view. That’s not something that we have access to today. Why? Because we don’t have a real time machine.

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