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Blockchains aren't better than what we have today for property. At least the victim in your deed fraud article was able to recover their property, albeit at si
by codebje 8y ago
Blockchains aren't better than what we have today for property.
At least the victim in your deed fraud article was able to recover their property, albeit at significant cost. How are people going recovering funds from the Mt. Gox theft?
Let alone the oracle problem, people keeping a digital asset secure and safe for decades, the chance of the software being 100% bug free first time, the total lack of incentive to run a blockchain node on a registry chain, or the complexity of rolling crypto when the current algorithm becomes too weak in 10-15 years…
Nope. This is yet another problem blockchains are hopelessly ill-suited to tackling.
- mythrwy 8y agoJust as many blockchains are actually much less private than traditional financial tools, blockchains can actually make theft much more difficult than traditional financial tools.