I wouldn't trust a hardware wallet since the hardware can fail. And without backup the money would be gone. And with backup we are back into paper wallets, offline hard drives or MtGox again.
If ordinary banks, PayPal and Visa etc would accept cryptocurrencies, then that would work for ordinary people. There is a great risk however that this will not happen.
An alternative is that new cryptocurrency companies can become trustworthy enough to replace ordinary financial services like banks, PayPal and Visa. But then there is the messy problem of legal regulations.
everything you said just now is insane and makes no sense - but you seem like a nice guy.
moving forward ...
what's the "global ID" all about ?
sound like a winner.
Sounds like you believe a hardware wallet is infallible.
The idea of a global personal ID system is to have it to generate anonymous coin addresses. So that the coins would be safely stored on the different block chains without needing to have private keys to worry about and keep safe oneself or trust a third party to manage. The main drawback is that it could be used by governments for Orwellian control.