IDs are insecure, local, and labor-intensive. Nakamoto consensus is secure, global, and automated.
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Replying to @NickSzabo4
@NickSzabo4 +1, but, IDs r unavoidable. Humans like 'em. Nexus points spontaneously arise anyway. If unavoidable, req. best effort security.3 replies 2 retweets 1 like -
Replying to @jgarzik
@NickSzabo4 Humans and human-built systems love them. Not going away even for technically superior systems.2 replies 0 retweets 1 like -
Replying to @NickSzabo4
@NickSzabo4 Every human uses some form of ID, vision & perhaps common name most often. When F2F fails, humans build [imperfect] proxies.1 reply 2 retweets 2 likes -
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Replying to @SysGuy714
@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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