I was at the local liquor store up in Bondi Junction this afternoon. The guy in front of me spent $1,000 and wanted to put it on his black Amex card. He didn't have ID. He told the people behind the counter that they should trust him because he had a black Amex, and therefore his credit was good.

He ended up walking out of the story with his booze....

Of course he got everyone focusing on the wrong issue. It wasn't about whether his credit was good. It was about whether his identity was real.

Banks all around the world along with governments are concerned about this issue. But individuals should be even more concerned. Particularly in an environment where governments are striving to enact laws that diminish or destroy individual freedoms.With an enormous burden of proof being placed on individuals, people are going to have to start figuring out how to prove that they are indeed themselves.