Identity is local, insecure, and labor-intensive. A public blockchain can be global, secure, and automated.https://www.washingtonpost.com/lifestyle/magazine/what-happens-to-people-who-cant-prove-who-they-are/2017/06/14/fc0aaca2-4215-11e7-adba-394ee67a7582_story.html …
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@naval@washingtonpost What an assumption, that people should prove who they are
Indeed. Many financial transactions could be done orders of magnitude cheaper by dropping dependence on identity.
![Giacomo Zucco [I identify as a -e^iπ vampire]](https://pbs.twimg.com/profile_images/1172971162919415813/Pn8O2gkx_normal.jpg)
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Many txs could be done w/o identity. But much of the issue seems to be interfacing with an ever more paranoid and bureaucratic state.
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That's far too philosophical for this time of night.
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Which? I don't need to prove my identity every time I use debit or credit cards.
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How is a blockchain approach cheaper or better than other identity databases run by an organization?
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Most blockchainsdon't even store data, just hash validating it. Do enough people value lack of controlling organization that much?
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