To use the house analogy, it's more like a shed vs a mansion. How many doors are there? How many different keys are there for them, and is there a master key? If you have a shed, there's only going to be one key, for the door. Maaaaaybe a key for the safe inside. If it's an exorbitant mansion with three kitchens and two garages, there's a key for the front door, a key for your bedroom, a key for the safe room, a key to the wine cellar, a key to the garage, a key to the IT closet, a key to the office, a key to the... you get the point.
If it's only ever going to be a shed, there's no need for the infrastructure to support that many keys.
Thanks, that makes sense. What does IAM offer that a stand-alone service like Keybase doesn’t? At what scale of project does it make sense to use one over another?
It might be enough for now, but if you grow big enough to be a target it's very likely your home-spun lock won't stand up to professionals.