Average people didn't know how to use email 30 years ago. Didn't know how to use GPS 20 years ago. Didn't know how to use social media 15 years ago. Didn't know how to hail an Uber 10 years ago (and still thought riding in cars with strangers was dangerous).
I think they can be educated.
Protecting the secrets words for a crypto wallet is pretty much the same thing as protecting the strong password for a password manager. If you lose that, then you're out of luck, and those are very popular.
You could also delegate trust in several places in the chain to trusted third parties if you feel the need, that could re-enable access, or shift assets into a new wallet.
Yep. Note that ENS is an open source self-running protocol, i'm really the dir of operations of True Names LTD, the non-profit that de facto manages. Funds raised from .ETH name registrations/renewals don't even go to TNL but to an Ethereum community multisig (never spent, but plan is to use it for long-term ENS dev funding). I'm thinking about these things precisely because I'm working on the project.
>'Average' people aren't into crypto. They increasingly are
>Anyone want to try to explain asymmetric keypairs to mother-in-law who's in her 70s and needs help applying Windows patches?
You don't have to, just like you don't have to explain to her how TCP/IP works. You just have an account and it works.
So another point for not worrying about a mother-in-law in her 70s as various solutions get tried and more stacks get added to the stack
If IT professionals--who are presumably above average in IT knowledge since it's what pays their bills--don't uniformly understand how to handle asymmetric keys, what hope do most non-professionals have?
Do I know the exact profile of what the average computer user is? No, but I'd bet a paycheck that it doesn't include using crypto or private/public keys.
I also take issue with:
>Ethereum is giving average ppl computer generated public/private key pairs...
'Average' people aren't into crypto. And the average computer user doesn't know how to use asymmetric keypairs.
Anyone want to try to explain asymmetric keypairs to mother-in-law who's in her 70s and needs help applying Windows patches? I sure don't. And I spend my days in SAML and OAuth world.