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The hard part is getting the government to acknowldege the blockchain tokens as actual ownership. And then they'd also have to agree to honor all stolen tokens
by tfha 9y ago
The hard part is getting the government to acknowldege the blockchain tokens as actual ownership.
And then they'd also have to agree to honor all stolen tokens. Cryptocurrency really doesn't work unless you let the blockchain be the final arbiter of ownership, which means it would theoretically be possible to steal someone's home.
- noddy1 9y agoExactly. If he tokenizes his house and then a russian hacks his laptop and steals all his tokens, what happens then? Will he move out and send his keys to moscow? Ownership ledgers are significant because they have a legal basis and state enforcement to back them up.