Well too bad? I'd much rather have a central authority holding the keys than "oh shit, my private key was compromised, lol guess I'm going to be paying off a lo

Well too bad? I'd much rather have a central authority holding the keys than "oh shit, my private key was compromised, lol guess I'm going to be paying off a lot of random credit card bills for the next 50 years." The SSA that exists now would be able to validate public keys and reissue keypairs, which would absolutely be necessary. So we'd still have the same central authority, but the numbers they give out would actually be useful.