Do you think building and properly decentralizing a blockchain for this purpose is more feasible? Be more explicit about what you're proposing as an alternative, if you are doing so.
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I'm not proposing anything for nostr. The only thing for nostr is a fork.
In the Farcaster case, the core identity (the FID) doesn't change. If you lose the highest thing you can possibly lose (your main key, as it were) and then your trusted friends vouch for a new main key, once done that takes control of your FID (as per the smart contract) and you're back on the SAME identity. So you have an old-to-new bridge in the form of the blockchain. nostr has no such bridge, and can never have one.
You don't need a chain, but you do need some help from somewhere and that help does not and cannot exist in nostr unless you fork it.