Nick Szabo  🔑

@jgarzik @el33th4xor @adam3us Bitcoin already eliminated need for IDs to issue & pay money. Block chain can do for many other txs also.

@NickSzabo4 @el33th4xor @adam3us That covers discrete money xfer but not secure storage for non-technical users.

@jgarzik @el33th4xor @adam3us A user-friendly hardware wallet doesn't require an ID.

@NickSzabo4 @el33th4xor @adam3us It does however require physical security of tiny, easily stolen/lost h/w device. People want help w/ sec.

@jgarzik @NickSzabo4 @el33th4xor @adam3us Your missing the bigger point: w/ crypto/blockchain ID and recovery is a separate layered service.

@jgarzik @NickSzabo4 @el33th4xor @adam3us But many bank/regulators see trustless systems w/o a *fundamental* need for ID to be unacceptable.

@petertoddbtc @jgarzik @el33th4xor @adam3us We should spend our time on architectures based on the opinions of computer-illiterate regultrs?

@NickSzabo4 @jgarzik @el33th4xor @adam3us That was political advice, not technical advice. Point is this stuff will be fought on many levels