Why Identity Fails
Web2 identity accepts a shared secret as proof of who you are, so it breaks under phishing, SIM swaps, and database breaches.
Why Payments Fail
Payment systems that authorize first and detect fraud later cannot prove who approved a transfer or what that party intended.
What Web3 Got Right
PTERI keeps self-custody, cryptographic signatures, and deterministic verification, and drops tokens, speculation, and identity broadcast.