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Comment by galaxyLogic | Hacker News Reader

Web3 will be a web where everyone has anonymous identity, meaning they are identified by their crypto-wallets. There is no need to authenticate yourself except once, to your crypto-wallet. You don't have to create accounts anywhere, your crypto-account is all you need.

Of course you can have multiple separate identities, meaning multiple separate crypto-wallets, if you wish.

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Is that different from just having a keypair on a stick? I mean without this crypto currency appendix.

Is that authentication watertight and if not, who will make sure that I can obtain a new password if I forget or lose the old one?

I find it a bit strange that in this system my identity is conflated with my wallet.

whats preventing you today to be anonymous on the internet?

You can be anonymous but you can't do much without creating accounts all over the place because companies want to know about you and get paid.

But if you pay with crypto-currency you are in effect authenticated everywhere where crypto is accepted.

Identity is history. You could have multiple separate "anonymous" identities on the web, but that is not the same thing as no identity because associated with each account there is history. Think about credit history. You want good credit history. You don't want anonymity. But banks etc. don't really care who is paying the bills as long as they are being paid on time your credit history gets better.

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