g2graman
On one hand, it would be incredibly useful to only ever have to deal with one service or standard for identities (and that could include the possibility of making things easier for identity theft products to do their job) but it brings with it these other risks around centralizing that kind of information.
I haven't used this service but I have a feeling this could easily be executed poorly.
It sounds like a gas fee can be reframed as a "bribe" in this case, for your security, and if the attacker paid a higher "bribe", well...
And since the gas fee apparently goes to the remote miners, it sounds like you are otherwise bribing the network for your own security, hoping to not have your bribe beaten? Maybe the attacker can't know what your gas fee was, but the article outlined a possible DoS attack in which, in a span of 15 seconds, they could (incrementally?) surpass your gas fee without knowing what it is.
Am I seeing this wrong? Something about this approach doesn't sit well with me.