Punnishing systems like that tend to keep amateur users away. If I had to do a crash course in crypto to anyone who joind I would loose 80% of my user base probably. If I dont and people start loosing access riots:) you will eventually educate the crowd but the entry level needs to be extremely friendly and not at all punishing.
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It is not stopping trustworthy intermediaries from building layers on top. You don't want the base layer to have such a loose and insecure architecture. There will be crypto banks that make it so your average user doesn't have to worry.
Again, the "punishing system" is the entire point of crypto. If you don't want that, just use a database.
But then we do want crypto for the masses do we not? Also the "there will be"... when? How much to wait for ETH to get there? That is the question. Business needs to move fast or die.
Well if you think this space is ready for mass adoption you are wrong.
Isn't steemit a proof that mass adoption is almost there?
Nope. Steem is not mass adoption. Steem can't scale very well either. I don't know how it would handle FB level growth and use.
Mass adoption and the ability to handle it is coming fast.
It is not here now.
I'm sorry @nadejde, but I think you're missing the point. Is not a punishing system, At the base level, the private key is the only way to link the real owner. Recovering keys means someone has the power to just generate a new access for your account and that loses the whole point of being decentralized. We don't want a single entity holding the keys for us, thats the only reason cryptocurrencies exist. You can create new layers on top of the contract or app or whatever. Whats your app about that your need a decentralized blockchain in the first place?