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Crypto wallets are actually an effective way to manage identity.

1. Easy to setup on various tech helping unbanked as well. 2. To use it for payouts / fiat KYC and AML needs to be performed. 3. Tied to a person similar to a phone / email but not to a specific device.

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Perhaps I’m unfamiliar with this definition of easy. I think the general consensus is that doing a good job of setting up a crypto wallet is much harder than doing a good job setting up a Twitter/Facebook/gmail account.

Downloading Guarda or Trustwallet is not that complicated.

How does recovery work though? Without delegating to multiple other people or a centralized service?

What's wrong with delegating to multiple (unknown-to-each-other) people you trust? They wouldn't all have to be reliable, as you could require N-of-M shares to unlock the full key.

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