I spent a lot of time with photos (Picasa) trying to do this peer to peer - this is what we built in the 2002 era. Here are a few issues: 1. Identity is hard to do on the LAN, so any sharing ends up using the cloud to figure out who has access. Similarly, identity is hard to move around, so representing your Facebook comments feed outside Facebook is difficult to do. 2. Any time you have a "special" server that handl…
With regards to identity management, maybe there should be a formalized integration between browsers and password managers such that the concept of "registration" goes away and new logins just automatically create user accounts with default permissions, according to email address.
There are a number of startups working on simplified or "passwordless" auth, but it seems that none have substantive traction. I'd love to be proven wrong, here, though!