HUMANbeingET@humanbeingET
People asking for $TIBBIR to release from stealth have little idea the effort these people are putting in on the back-end to create the optimal identity protocol. The 🐸 is a gift.
Taking @tibbiracer post a little further, this letter from Ribbit/Persona was a Request for Comment (RFC) mandated by the Genius Act in the summer. The Treasury responded to all those RFCs on March 6th. The letter is full of comments on identity infrastructure mentioned in the Ribbit/Persona letter. (Full Treasury letter linked below) One comment of note the Treasury stated that is 99.33% TIBBIR ecosystem coded:
“In terms of technological capabilities,
the ability for blockchains, DeFi protocols, and DeFi applications to use blockchain information
through ORACLES or APIs to identify potentially illicit activity may help reduce the ease with which illicit actors are able to leverage DeFi services. Finally, the use of on-chain digital identity and other credentialing frameworks by DeFi services could be useful for risk mitigation and interdiction of illicit activity. Other parts of the ecosystem, such as certain application layer participants, relayers, and remote procedure call (RPC) nodes, are currently implementing risk
mitigation measures, including risk-rating wallets and rejecting transactions above a certain risk
score.”
home.treasury.gov/system/files/2…