3 ms·
I know bearer bonds can be stolen. What I meant is that the idea of "ownership" is more complicated than you're admitting. We can choose to ignore what the cry
by mhluongo 10y ago
I know bearer bonds can be stolen. What I meant is that the idea of "ownership" is more complicated than you're admitting.
We can choose to ignore what the crypto says about who owns an underlying asset. The asset can be seized, destroyed, etc. I mention bearer bonds in this context because if the value is native to the crypto- as is the case with digital currencies- settlement is more meaningful.
- lisper 10y agoI'm not talking about ownership, I'm talking about settlement finality. While these two concepts are closely related, they are not the same. Crytography cannot guarantee ownership. Ultimately force is the only thing that can do that. But crypto can guarantee settlement finality with a confidence equal to one's ability to keep a secret key secure.