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Re: [Cryptography] Crypto basic income
- From: erik <erik AT erikgranger.name>
- Subject: Re: [Cryptography] Crypto basic income
- Date: Sun, 24 Sep 2017 22:21:22 -0400
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> - Do you think it will be possible, at some point, to have some sort of
> biometric public key infrastructure, where public and private keys are
> directly pegged to a persons biometric details?
That sounds fairly undesirable, and I don't think any cryptocurrencies that
provide a basic welfare income will maintain any sort of economic desirability
with consumers. Why would one trade in a cryptocurrency that is just emulating
typical banking, instead of just using typical banking? It defeats the purpose
of a pseudonymous, decentralized and immutable public ledger system.
> - Could biometrics completely replace the need for passwords?
A major thing of interest is that in the United States, biometrics are not
protected under the bill of rights, meaning that you can be forced to unlock a
phone that is locked with biometrics against your will. One would need to
utilize a rubber hose in order to do that with a known phrase, assuming no
>- If compromise of biometric details occurs, how would one go around to
> solve this, since it's not possible to, for example, create a new
> fingerprint for a person?
This seems more appropriate for a doctor; suffice to say that is a limitation
in the idea of using biometrics, if such a vulnerability is realized.
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