IDs are insecure, local, and labor-intensive. Nakamoto consensus is secure, global, and automated.
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@NickSzabo4 Humans and human-built systems love them. Not going away even for technically superior systems.
@jgarzik Some humans love them. Others put up with them. 1/3 are born without them. Human-built systems don't understand them.
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@NickSzabo4 Every human uses some form of ID, vision & perhaps common name most often. When F2F fails, humans build [imperfect] proxies. -
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@SysGuy714@jgarzik V. large % of payments in world still occur w/o need of such proxies. Thanks to Nakamoto consensus that will again grow. -
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