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so you can lose the deed to your house because it gets hacked..?

• dlubarov 9y ago
  Physical deeds are forged all the time, and sorting it out requires a quiet title lawsuit. A stolen electronic deed would be handled similarly. You would ask a court to declare the stolen title invalid and issue a new one.
  • voiper1 9y ago
    so if the court is doing that, then we have a centralized power... the opposite of the idea of blockchain.
    • dlubarov 9y ago
      Just to make sure it's clear, I'm not saying that courts should have any special power to manipulate the blockchain, just that they could declare a stolen title invalid, and issue a new one in the form of a new colored coin on the blockchain. I'm not claiming any benefit related to government control, just that escrow would be unnecessary.
      • nosuchthing 9y ago
        At which point the blockchain is not needed. A centralized source will be held accountable to the legal demands, thus as trustworthy as the blockchain yet significantly more beneficial for all users in terms of speed, storage and utility.