Earlier quoted context omitted.
> If the answer is "they just don't get access anymore" or "a panel of their peers attests to them", your fantasy authentication system also needs a fantasy species of sentient beings to serve as users, because it won't work for humans. This has been my single biggest argument against blockchain/cryptocurrency stuff for years: the "lose your key, lose your wallet" thing is fundamentally incompatible with real users.…
> [...] the "lose your key, lose your wallet" thing is fundamentally incompatible with real users. Humans need to be able to recover from their mistakes. Maybe it's my memory playing tricks, or I've only seen the good articles, but I believe nearly every single article about setting up a self-managed crypto wallet had stressed out the importance of having a backup. Serious ones had even explained the 3-2-1 rule. Then…
Yes, this is why it is incompatible with widespread adoption. Most people do not want to do this, and in fact could not do so effectively without learning and thinking a good deal more about computers and risk scenarios, which they don’t want to do and will not do.
You are correct that it is a solution. However, it is not a solution that will ever be adopted on a wide scale.