That’s a very interesting approach, and may work for very specific applications. It seems unlikely most platforms or apps would adopt such an approach since it would be a very high burden to overcome for users to sign up, which is what let’s an app or platform grow. People are rather attached to money, but there’s also the other side of this. A user may not care about the fine and continue to break the rules as “the cost of doing business” because they’re wealthy.
It’s definitely going to be a technology that drives anonymity, and everything that comes with it, for better or worse. I can see a lot of good this can do, but also a lot of crime it can facilitate.