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Soulbound Tokens (SBTs) Should Be Signed Claims | Kate Sills

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Glen Weyl, Puja Ohlhaver, and Vitalik Buterin argue that we should create non-transferable, initially public, “soulbound” tokens to represent commitments, credentials, and affiliations. This is a bad idea. Instead, we should make off-chain statements digitally signed with Ethereum private keys.

Average reading time: 20 minutes. A big thank you to Rick Dudley, Matthew Di Ferrante, and Kaliya Young for reviewing drafts of this post. All errors remain my own. Soulbound Tokens (SBTs) A recent paper by Glen Weyl , Puja Ohlhaver , and Vitalik Buterin outlines what they call “Decentralized Society” (DeSoc): “a co-determined sociality, where Souls and communities come together bottom-up, as emergent properties of each other to co-create plural network goods and intelligences, at a range of scales.” How do we accomplish this? According to the paper, with: “accounts (or wallets) holding non-tr

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