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Incentivising users to associate real world identities with their crypto identities by paying them $30 isn't a terrible idea. That's more than you get when som
by __MatrixMan__ 5y ago
Incentivising users to associate real world identities with their crypto identities by paying them $30 isn't a terrible idea. That's more than you get when some advertising giant builds a profile for you based on your browser characteristics. But preloading wallets and saying "use this wallet with you government ID to claim the money" fails to scratch the itch in so many ways:
- Users need to understand public/private keys so that the can rotate keys whenever necessary. They should have had users generate the wallets empty and then have them authenticate as a second step to get the payout.
- Maybe you need government-authored software to carry out the business of government, but since the chain is public and the keys can be used for signing things other than transactions there's no need for that software to ever see your private key. You ought to be able to handle everything you need by sending signed messages to the government app or having the government app examine the chain.
- Pairing an ID number with a photo of a face is not a valid authentication step. Neither of these things are secrets. You're going to need a government employee to look at the ID and the face before they accept the key, that way when skulduggery ensues, that employee can be found and questioned. Relying on non-secrets to do the job of secrets is a bad idea--as everybody who has a ssn knows.
- hericium 5y ago> Incentivising users to associate real world identities with their crypto identities by paying them $30 isn't a terrible idea. There's this project called Worldcoin which gives you "crypto of the future" for registering your retina and more "crypto of the future" for setting up "orb" devices to scan other's retinas.
- whelming_wave 5y agoAn inverted funnel of world coin, it seems.
- __MatrixMan__ 5y agoI've heard if it. I just don't think biometrics are ever going to be good enough to securely drive a key from. And even if they were, I'm not sure one-key-per-human is what you'd want. I think we ought to be able to generate pseudonyms which provably belong on to a taxpaying citizen, but which can't be traced to the specific one. For protecting whistleblowers and such.