Once your ID becomes invalidated on the blockchain, you'll never be able to perform another transaction, no matter how small or large, with any business or bank. When tied into biometrics, it's a recipe for disaster.
I just read the article from Wolf Street that you linked to regarding big banks using biometrics. That's the "front-end" technology. What they're going to use as the "back-end" technology for the identification (read Mark of the Beast) technology is blockchain. Take a look at the article that appeared on Wolf Street just a couple of days previously to the biometric article:
Once your ID becomes invalidated on the blockchain, you'll never be able to perform another transaction, no matter how small or large, with any business or bank. When tied into biometrics, it's a recipe for disaster. (As the biometrics article pointed out, biometrics are easier to hack than passwords. And biometrics change over time. But that aside, biometrics are a bad idea and always have been.) Now, tie that into the national emergency Executive Order Pres. Trump just signed regarding blocking people from their assets, all at the discretion of the Secretaries of Treasury and State, and we have the real potential for a true "Enemy of the State" situation. I could easily see an Elizabeth Warren or Bernie Sanders administration invalidating all registered Republicans' IDs with the flip of a switch. "Oh, it was a mistake by one of our contractors" (read Trump's Twitter feed being turned off for 11 hours), but by then it's too late. People's financial situations would be destroyed before the situation could ever be fixed. All the more reason to learn bartering.
Dec 25, 2017