Ancient Egyptians probably made the same argument "Keys just won't work - everyone knows how to use a door knob, but these new dangled keys, no one carries them, we have not invented key rings yet so people will fumble. Best not to." No people dealt with keys and locks because they did not want their stuff stolen. As more and more valuable stuff is kept behind our passwords we will accept more and more cost to protec…
Keys aren't actually secure at all. Anyone with a lock-pick and a bit of practice can break in. I'd say that's actually about equivalent to a poor password—it's not that secure, but random person off the street won't be able to break in with a snap of the finger. Yes, with a password on the internet, there are far more possible attackers because you can attempt to break in from anywhere in the world. But that's somew…
thousands (millions?) of people are daily losing money / privacy due to poor "locks" on our digital doors. if millions of people were burgled every day then these poor quality locks would be replaced with hardened steel doors and seven tumbler whatevers.
I think it is the invisibility of the attacks that is mispricing the cost/benefit ratio, and allowing the idea "people won't accept anything better than passwords"
A friend recently lost control of his business email, which lead to someone asking a client to chnage bank routing detail before paying an invoice - police were involved but it's still not clear what's going to happen.
He is not happy with passwords.
Now as these scenarios spread, as attacks cost more money, we will see the perceived cost benefit sweet spot chnage - away from weaker security and towards better solutions - password managers, 2FA, U2F etc.
we will give up our passwords. if the cost not too is too great.