I think the argument against is that right now people know how terrible an authentication system this is and don't build actual security on top of it -- "we only have cardboard boxes so we installed cameras and encrypted the contents."
Once it's good people will outsource the work to what is essentially a CA system where every BMV in America is an issuer and I expect it to hold up at best as well as SMS verification.
The CAs have been hacked. Multiple times, in several different ways. And that's just the public ones we know about, which I have no reason to suppose are all of them or even necessarily a significant fraction of what we would consider compromises. At the scale of "everything done on the internet" or "all the money" you can't wave this issue away. It is difficult, if not impossible, to build a security system that is more expensive to break than "all the money and value in the world".
A government identity to do business with the government might just about be possible. A government identity to cover everything done by everyone everywhere is not. The value of cracking that system is just too high.
c22|2 years ago
Spivak|2 years ago
Once it's good people will outsource the work to what is essentially a CA system where every BMV in America is an issuer and I expect it to hold up at best as well as SMS verification.
maxwell|2 years ago
https://www.thetruthaboutguns.com/liberty-safe-changes-its-p...
Muromec|2 years ago
jerf|2 years ago
A government identity to do business with the government might just about be possible. A government identity to cover everything done by everyone everywhere is not. The value of cracking that system is just too high.