[Lurkars]

This is exactly what I use for an emailless password reset. Instead of sending a reset token via email, it's just encrypted with public key and user can decrypt token for reset password. There for I don't require to collect email address for account. Of course this could also be used as login method. On the downside, for UX purposes decryption can run in browser by passing private key. I have mixed feelings about pasting PKs into browser.