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i dunno, i don't think it's nessecarily that bad, tbh.. it's kinda what happens if your id is your public key (or hash thereof) and your keypairs are generated from a password. it's used for 'deterministic' bitcoin wallets and i thinks it's a fairly good system. if try to use a shitty password, you see a sort of public account that everyone can mess with. or maybe it's closed down for that reason already. i think that might me an interesting experience for a security-unaware user.. if course the flip side is that the bruteforce-ability of any accounts increases directly with the numbers of accounts..

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