No.
replyYou don’t tie it to “your device”.
You tie it to your security key.
Which is treated like a credit card.
and your extended family, friends, or volunteers can act as social proof to allow you back into your accounts,
if your key burns up, it breaks and you were too cool to provision a backup, etc.
Credit cards are lost and stolen all the time, and it isn't really a big deal when it happens, since charges can usually be easily reversed. This does not sound like the same scenario. It also doesn't account for people who lack friends/family nearby or at all.
reply> it breaks and you were too cool to provision a backup
If we're relying on the average person to back things up properly, this idea is doomed from the start.
> If we're relying on the average person to back things up properly, this idea is doomed from the start.
replyThe average person is relying on the average person, for everything, and I agree, they are doomed from the start.
Tech-related items inclusive.
Yes, you wouldn’t offer your private key to a random food truck.
replyJust new banks.
Same as people being unafraid of their car key being cloned - because they don’t hand it around the general public.