this post was submitted on 05 Dec 2024
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The original post: /r/cryptocurrency by /u/qdobaeveryday on 2024-12-04 19:44:10.

People love to talk about ownership when it comes to general usecases for crypto. But how do you "prove" that a wallet is yours?

If you have the keys to retrieve the wallet does that mean that wallet belongs to you? So if I "steal" the keys for a crypto wallet and use it. It's not stealing because I knew the keys?

I understand that traditional IDs like passports, drivers license are also based on trust. But it uses pictures, fingerprints, etc to at least try to somehow biologically prove that the ID you are presenting represents yourself.

What are y'alls opinions on this? One of the biggest reasons people say crypto is revolutionary is due to ownership without a 3rd party like a bank or government. But the ownership itself seems so fragile, thus so many people getting scammed all the time.

What's the end game to make crypto actually usable? Microchip people with the keys? Idk, someone talk sense into me to make it make sense.

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