Can an Ethereum address replace your legal identity? A speaker outlines why it might happen in five years with better tools, then walks through the real blockers: seed phrase security, identity loss risk, on-chain data limits, and blockchain scalability.
Do you think that your Ethereum address identity will trump the importance of your legal identity for the majority of people on Earth? With the right set of tools and user experience that we will build over the next 5 years, I believe we have a shot for that. It's a bold thing. I don't want to be overly confident. Maybe as a startup founder, I should just say, Yes. Mic drop. Don't say anything else. That would be obviously not very informative, but this is what you want. Do you want this boldness? No, but the real answer is that obviously right now we're not ready for that. There's a huge set of problems with storing seed phrases, of losing your identity, not leaving too much data on blockchains, blockchain scalability. Everything right now is a problem. Okay.
