> where the sole controller of the identity is the individual with the private key
Counterpoint: People at large don't care about managing credentials the same way IT geeks do. The federated approach with admins and "lost password" flow helps adoption more than something like Scuttlebutt does. Private key as identity means "lose this and your identity is irrecoverable".
We've seen this play out many times with people losing significant amounts of money in crypto. We'd see many more mistakes with low stakes social networks.
Counterpoint: People at large don't care about managing credentials the same way IT geeks do. The federated approach with admins and "lost password" flow helps adoption more than something like Scuttlebutt does. Private key as identity means "lose this and your identity is irrecoverable".
We've seen this play out many times with people losing significant amounts of money in crypto. We'd see many more mistakes with low stakes social networks.