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RE: Civic: Blockchain-Based Identity Theft Protection Platform | CVC Token Surges 176% In 1 Week
You don't need to break no chain but if you'd brute force crack somebody's ID you could get a loan or mortage on his name and get away with the funds.
Yeah strawman, read about how it works: yourstrawman.com
So basically, you need his phone right? This is somehow the same way you steal someones wallet file and then brute force it. Like here on Steem too...
Am I understanding what you mean correctly?
Either way, I agree that if having an ID like that allows you to just execute those kind of actions, then it can be too much of a risk. Maybe multi-sig is somehow part of a better solution to Civic. Also, having 2-factor authentication (finger and eye) could help on encryption.
PS: Your strawman conversation, is for me subject for another post =)
Yes I think so. Multisig sounds good.
Glad to hear that! When I first read it I was like