Identity (in any meaningful sense) must always delegate trust to some kind of issuing authority. If for no other reason than because any humane system must always accommodate users who forget their passwords, lose their private keys, etc. Key-pairs are ephemeral device tokens, they are not sources of identity.
KYC is in no way any kind of problem that needs to be fixed, it's a necessary and Actually Good feature of any sufficiently broad financial system. Avoiding KYC-type stuff may make sense in the small, but is actively harmful in the large.
KYC is in no way any kind of problem that needs to be fixed, it's a necessary and Actually Good feature of any sufficiently broad financial system. Avoiding KYC-type stuff may make sense in the small, but is actively harmful in the large.