"we can't, I repeat, can not, take away the consequences of lost (or worse, stolen) keys as such."
Here is a system, functional and usable today, that greatly limits the consequences of a lost or stolen key from the time the rightful owner replaces the lost / stolen key with a new one.๐
Can you explain how your claim is consistent with the actual existence of this system? Are there any flaws in this system that make it non-functional in your opinion? If so, can you or anyone else point out these flaws with some degree of specificity?
The way it usually goes, your online identity is your private key. If the key is compromised, there goes your identity. Inkan fixes that.
You keep a master key in cold storage and a signing key for everyday use. If the signing key ever leaks or gets lost, the master revokes it and delegates to a new one. Same identity, same followers, fresh signing key.
If you'd like to take a look at the prototype: https://www.inkan.cc. Log in with your NIP-07 extension and say hi to the test identities already walking around. Or make one of your own.

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