Something has been on my mind for a while now, and in the last hangout Friday Taulant said something that touched on this topic.
While some are ultra sensitive about who has what control over their data, the power of the blockchain wallet and bitshares enables an individual to have 100% control over his account with no 3rd party capable of shutting them down. Oh so sweet freedom it is!
One small issue though, is it's a bitch to deal with and understand to the newbie. The very idea of a private and public key is so difficult to educate people on, they just don't care.
The fundamental fact is that as we go forward, we.. or at least he masses.. are going to have to entrust a 3rd party to manage that for them. It doesn't matter what you think of the lack of security that provides.. it's just the way it's got to be for the masses.
Soo... taking off our tinfoil hats.. and putting aside all our notions of our self deterministic individual rights and freedoms.. just stop to consider.. what could be the easiest way to serve the mass market in a way that they will eat it up.. and still retain some kind of level of security in regards to their private keys?
What would a system like that look like you think? What would be the 3 main features or laws that govern its operation that would make it just one of those things that people will do without a second thought.. yet still be at least somewhat good for them.
Ready set go!