4 ms·
Crypto wallets are actually an effective way to manage identity. 1. Easy to setup on various tech helping unbanked as well. 2. To use it for payouts / fiat K
by jsemrau 5y ago
Crypto wallets are actually an effective way to manage identity.
1. Easy to setup on various tech helping unbanked as well.
2. To use it for payouts / fiat KYC and AML needs to be performed.
3. Tied to a person similar to a phone / email but not to a specific device.
- deleted 5y ago[deleted]
- mot0rola 5y agoHow does recovery work though? Without delegating to multiple other people or a centralized service?
- dane-pgp 5y agoWhat's wrong with delegating to multiple (unknown-to-each-other) people you trust? They wouldn't all have to be reliable, as you could require N-of-M shares to unlock the full key.
- dan-robertson 5y agoPerhaps I’m unfamiliar with this definition of easy. I think the general consensus is that doing a good job of setting up a crypto wallet is much harder than doing a good job setting up a Twitter/Facebook/gmail account.
- jsemrau 5y agoDownloading Guarda or Trustwallet is not that complicated.