Some links for those who wanted to read up on said history:
http://en.wikipedia.org/wiki/Microsoft_account see, especially, the references section: http://en.wikipedia.org/wiki/Microsoft_account#References
Re:Bitshares Login
by jerrycabbage on Tuesday December 23, 2014 @06:29PM
(#8790801)
User records can still be created and indexed locally, but the actual authentication requires using a trusted 3rd party that is decentralized and can not readily be compromised.
Unlike Microsoft or many other solutions. Although I agree about adoption this is a step in a new direction.
The only people that benefit from single sign on are websites that experience high friction on sign ups. i.e. "oh I need to create an account for this?" and close the browser tab. In which case a Twitter or Facebook button makes a lot of sense.
I highly encourage anyone looking to build something like this as more than a fun side project to read up on the fascinating history of Microsoft Passport.