Earlier quoted context omitted.
All central authorities are built on trust, fear, or complacency. Americans are complacent with the credit card system and trust it for the most part. The Experian breach has shown that breaches of trust are easily overlooked in favor of complacency, at least to a point. Considering how Americans view other Americans (I hear "stupid" thrown around a lot), I strongly doubt that a decentralized authority would ever gai…
It's unfair to say we still use credit because we are complacent. If you stop caring about building a credit score, you will end up paying more money in things like mortgages or car loans. There is a financial incentive to use credit cards (if you don't miss payments) despite the breach of trust.
The Future of Online Identity Is Decentralized
71–80 of 202 posts
Re: The Future of Online Identity Is Decentralized
#72I described the motivation in more detail at https://github.com/shurcooL/home/issues/34.
Re: The Future of Online Identity Is Decentralized
#73Earlier quoted context omitted.
The people who consume the notarized documents. If too much crap comes through they can reject the issuer. Kind of like how Symantec CA got dropped by browser makers. Public notaries are licensed by US state governments. There is generally a background check, brief training course, and application fee. In at least some states they have strict liability for theft of their stamp.
What does it mean to reject the issuer when there are around 4.4 million notaries in the US? What systems are in place now or would need to be created in order to aggregate trust and what are the pros and cons associated with those systems?
Rejecting issuers would be more applicable to repeated transactions from a corporate certificate authority.
Re: The Future of Online Identity Is Decentralized
#74The future of online identity is indeed decentralized and not distributed, meaning that users will always have some super nodes to handle their identity on behalf of them. In my opinion Facebook/Twitter/etc are not identity providers, they are silos. Sure they are very successful ones and can even used as identity providers at some places, but as long as they don't open up they can easily die anytime. The author sugg…
They did offer @facebook enails once, and it would integrate with your messages app. It didn’t really take off though, and I guess was quietly withdrawn. https://techcrunch.com/2010/11/15/facebook-messaging/
Re: The Future of Online Identity Is Decentralized
#75Your identity is going to come down knowledge of the private key from some sort of public key system. Why not just standardize that? An excellent example of something perversely non-standardized for identities can be found in messaging. Signal, Matrix, Whatsapp and OMEMO are even supposedly based on the same protocol. In terms of identity they are all complete silos. All the things you establish about an identity on…
What happens when the private key is lost? We can either have certificate authorities issue you a new one, or you would need to approach your peers and have e.g. three of them confirm that you've changed keys.
Re: The Future of Online Identity Is Decentralized
#76So this is about the introduction of a new identity service. From what I get looking into Keyoxide it basically strives to be what Keybase originally intended to be.
From their Keybase migration guide [1]:
"Keyoxide as a partial replacement for Keybase
It's important to moderate expectations and state that Keyoxide only replaces the subset of Keybase features that are considered the "core" features: message encryption, signature verification and identity proofs.
Message decryption and signing are not supported features: they would require you to upload your secret key to a website which is a big no-no.
Encrypted chat and cloud storage are not supported features: there are plenty of dedicated alternative services.
If you need any of these Keybase-specific supports, Keyoxide may not be a full Keybase replacement for you but you could still generate a profile and take advantage of distributed identity proofs."
Re: The Future of Online Identity Is Decentralized
#77"Built for individuals, I recently launched Keyoxide which uses cryptographic keypairs to accomplish decentralized identity verification." So this is about the introduction of a new identity service. From what I get looking into Keyoxide it basically strives to be what Keybase originally intended to be. From their Keybase migration guide [1]: "Keyoxide as a partial replacement for Keybase It's important to moderate e…
This means the proof isn't dependent on a central server, which seems like a significant improvement.
Re: The Future of Online Identity Is Decentralized
#78Far too technical and obscure a solution for 99% of the world.
I think Apple, while not a complete solution, shows a path forward with Sign In with Apple allowing you to generate a relay email.
As always, whoever nails the user experience will win.
Re: The Future of Online Identity Is Decentralized
#79Earlier quoted context omitted.
In the US, everyone uses credit cards (centralized identity) to pay for stuff. In Mexico, credit cards are stolen and reamed for all they're worth by criminals. As a result, everyone uses cash (decentralized, anonymous, difficult to use). Everyone could move to decentralized in the face of significant pressure, even if centralized identity is more convenient.
All central authorities are built on trust, fear, or complacency. Americans are complacent with the credit card system and trust it for the most part. The Experian breach has shown that breaches of trust are easily overlooked in favor of complacency, at least to a point. Considering how Americans view other Americans (I hear "stupid" thrown around a lot), I strongly doubt that a decentralized authority would ever gai…
I disagree that it matters for trust in CC's. It may have damaged experians reputation, but people still trust amex/MasterCard/visa and their banks, despite Experian being useless. The fact that Experian is required to access those systems is unfortunate, but most people don't deal with Experian directly.
I think people's day-to-day trust in banks is well placed, for what it's worth. I banked with a large bank that fell in 2008, and had less than 10,000 in my bank. My money wasn't affected, I just had to find a new provider.
I've had multiple incidents of fraudulent transactions on debit and credit cards over the last 15 years, and in _every_ instancr, my card provider has sided with me and refunded me the money immediately (even in the one case I was actually wrong and it was a billing mistake). Those amounts we're almost always in the few hundreds.
Re: The Future of Online Identity Is Decentralized
#80The technology can change the economics of identity, but identity itself reduces to how you organize to provide recourse to people within your scope. Sure, we can use escrow systems and smart contracts, but these still require a means to organize and provide adjudication.
All the use cases for digital identity are about enforcement and liability, and there are almost none that anyone would volunteer for. In this sense, identity is necessarily imposed, so all products in the space are necessarily aimed at a customer who is imposing identity on a group. It's why I tell identity companies who ask to find some other problem to solve because holding out for some government to adopt your product as their source of sovereignty is a waste of time. There is one other use case for identity, and yes, it is decentralized and bottom-up, because it is about dividing into secure, self-sovereign affinity groups, and the reasons for doing that are on a very short list of uses. Super fun, but basically a weapon.