Re:Cryptocurrency is something people tell lies about in hop...
by UncleMeat on Saturday September 25, 2021 @08:09AM
(#28652497)
OK let’s try again. What precisely is the difference between signature based auth that uses a key pair associated with a wallet and a key pair that the user submits the public key for when they sign up? Why would the latter be vulnerable to additional insider threats?
“Services will make more money because blockchains are trendy” isn’t a meaningful difference.
I'm convinced that decentralized communities will eventually corrupt and destroy all centralized services and agencies by manipulating their employees and members... Because they can. People will always find a way to create new problems to make themselves necessary. In these political games, decentralized anonymous communities have the upper hand. Unlike centralized projects, you can't corrupt decentralized projects. What can be corrupted, will be corrupted.
To understand why it's the future, you need to look at the big picture. You're assuming that centralized auth providers are secure and trustworthy. This is not going to be true in the future. Trust in institutions and organizations has been eroding and will continue to erode.