You forgot the part where I get an $18 settlement check and 3 months of free credit bureau monitoring. Repeat every 3 months. I’m getting rich, I tell ya!
If it was in their financial interest this would never be a problem. Credit cards for example.
This is why biometrics are not credentials for authenticity.
This problem is already solved with asymmetric cryptography.
Important additions being that it should be easy for users to make secure backups of their private keys, and they should be able to replace their keys whenever they’re comprised
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