Part of me wants to snark at just how far the crypto people have fallen, from “we are going to build a completely private and anonymous economy free from government control” to ”of course you have to be subject to mandatory retinal scans to engage in commerce”, but that wouldn’t really be true. The sad truth is that they don’t really have a choice and neither does anyone else: basically everu web technology will have to implement something like this eventually, because the space is just so overrun with bots and spammers. And it’s only going to get worse as LLMs get better.