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> nothing that requires an end-user to understand PKI

None is needed, how hard it’s for a bank handing over physical tokens to the customers when they open an account or mailing them to existing ones?

- You can loose them? Sure, just like any smartphone or even government ID, but the process after to replace is what will make you careful next time.

- They can be stolen? Same as above

- They can be used in banks or even for online banking, just tap it with your NFC enabled phone (yubico is an example)

- They can be used by someone else? Sure, just like your phone.

- However, no sim-swap attacks or similar, so in theory it’s better given no negligence from the users which is always the biggest risk anyway, but overall it’s an improvement.

>and also would not impede a lawful (and for the purposes of this conversation: ethically necessary) police wiretap.

Why would the police wiretap a banking verification, they can wiretap the transaction at the banks if they are legally authorized.



Hmm, imagine if banks already gave you NFC capable cards and our phones... that would make the process a lot easier.

(yes, i'm talking about every modern..ish credit and debit card)




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