Basically you're proposing a much more involved OpenID. I'm sorry, but beyond everything that was already pointed out, you also clearly don't know enough about

Basically you're proposing a much more involved OpenID. I'm sorry, but beyond everything that was already pointed out, you also clearly don't know enough about the space that you want to "revolutionize". Hint: what you propose isn't all that new, you're still suffering from the same chicken and egg problem.