This is a very dangerous step towards increasing the power and reach of the government into our pocketbooks.
Why Obama's National Internet ID Solution is a Really, REALLY Bad Idea
When it comes to the Internet, the US government usually doesn’t have a clue. That seems to be the case with the recent announcement of the Obama Administration’s plans to develop an internet identity system that officials claim will reduce fraud and identity theft while streamlining online transactions.
Cut to the chase: the National Strategy for Trusted Identities in Cyberspace (NSTIC) is a bad idea. On the surface having something that will increase online transactions and reduce identity theft makes (some) sense. Security is the #1 reason that people avoid online transactions and in an age that is continuously going more and more digital, it would appear prudent to take steps towards improving security.
This step is not a prudent one. It will lead us down the wrong path for several reasons.
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