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Maybe as this becomes so ubiquitous, we will finally see 'identify theft' recognized as BS. If you allow someone who is not-me to pretend to be me and rip you off, this is not ever my problem; it's yours.

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Cue the posts complaining about how impossible it is to do any transaction online because you have to provide so much proof (and the companies collecting even MORE data about us, to later be stolen).

Most transactions online use some kind of payment system, which is vulnerable to various forms of fraud and hackery but not "identity theft". "Identity theft" (and GP is right that this is a made up crime to discount corporate greed and laziness) occurs during an application for credit, which doesn't need to be a common and easy process.

And even that has been solved by more privacy forward societies. For instance PostIdent in Germany where you verify your identity with a trusted third party.

Honestly. Someone walks into a bank with a gun and takes the money, it's Bank robbery.

Why would them using false identities be any different? Why is it MY problem that someone else stole from a bank? If they wear a mask with my face on it during a physical robbery, does that mean I'm liable?

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