Dunno the space, so maybe I'm horribly wrong, but — it seems to me that a highly effective ID verification system that's highly resistant to fraud and theft (proactively & reactively) would be a great product for a solid technical founder, & all the pieces are prob already extanthttps://twitter.com/webdevMason/status/988780020070989824 …
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Outside of KYC, we'd be better off if everyone could authenticate and prove who they are with private keys. It just comes down to network effects and usability which are held back by each other. Motivation behind this tweet:https://twitter.com/backus/status/987063369730408448 …
Tying biometrics and mobile devices to crypto people can actually use is super valuable. The blockchain craze is a trojan horse for realizing this.
Passwords → Signatures
Login with FB → Global login via managed keychain
Verified by Twitter → Verified by public key
Could you talk a bit about why there's a usability vs. network effects tradeoff? (This is super interesting!)
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No one does login w/ private key (vs password) because there aren't easy tools shipped w/ browsers. A startup would have to sell a weird unproven alternative to passwords and for what gain? Big co would rather build a moat and data treasure trove via login with FB/Google/FaceId
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Glad it is interesting! Happy to answer other questions on this stuff. The legal identity stuff is more just info about the industry I've learned over time. The stuff about why we don't use private keys is much more personal opinion
End of conversation
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