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Yes but if you've ever purchased property the titling process can be really expensive. A block chain provides a way "to publish notice" that's indelible so coul
by cdoxsey 9y ago
Yes but if you've ever purchased property the titling process can be really expensive. A block chain provides a way "to publish notice" that's indelible so could lower costs. In countries with poor property rights it could also help bootstrap the system.
- jacobush 9y agoYes but never forget the $5 wrench solution to crypto problems.
- vertex-four 9y agoYou can "publish notice" by putting a sign outside your front door. The reason the titling process is expensive is because your Government requires it, not because publishing notice in some reasonable manner is inherently expensive. (We publish notice of a lot of things just by sticking an ad in the paper as it is, property is a weird one.) What issues is the titling process solving that cannot be solved in any way without a blockchain?
- kaibr 9y agoYou called property "weird" so I wonder whether you are aware that property is weird exactly because of the double spending problem. A land title registry gives you double spend protection, not just irrevocable publication. Your point of course stands, since you're trusting someone with enforcement, you might as well trust them with double spend protection. I'd say decentralized irrevocable publication (e.g. certificate transparency) is much cheaper than decentralized double spend protection.