5 ms·
a property ownership is also a text file
by kolinko 10y ago
a property ownership is also a text file
- timothycrosley 10y agoEhhh, I call BS. If for some reason all of a cities property records were lost, they would rebuild them via community testimony and consensus at worst case. Which clearly demonstrates it works in the opposite direction of what you are implying. Also property ownership tends to have inherit utility, something bit coin does not.
- nfbush 10y agoBitcoin has inherit utility in allowing immutable and globally accessible data storage, people assign the rest of the value to it. Just like property, except if people with bigger guns come it doesn't matter as it will become theirs if they want
- petre 10y agoIt's also highly mobile, unlike property. You can easily move more than 10k euros in BTC on a storage medium across borders without declaring anything.
- deleted 10y ago[deleted]
- saryant 10y agoA text file with the force of law behind it. Power changes with men with gens are empowered to enforce it.