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Why is this better than the government keeping records, and having court remediation and error correction, rather than “oh my computer got hacked and now my hou
by peteretep 8y ago
Why is this better than the government keeping records, and having court remediation and error correction, rather than “oh my computer got hacked and now my house belongs to someone else”?
Company ownership information seems like much the same thing, and is a solved problem in all countries (that want to have solved it).
- eouw0o83hf 8y agoIf the government's records were up-to-date and perfect, the title industry wouldn't really exist. Having publicly-accessible digital records would make the concept of property ownership simple and deterministic to figure out. And "my computer got hacked" is kind of a blanket argument against using technology in general - by that same argument you should probably never use digital banking/investment or anything online to manage your life, and nothing should ever be digitized.
- peteretep 8y ago> If the government's records were up-to-date and perfect, the title industry wouldn't really exist Why would a blockchain magically fix this? > "my computer got hacked" is kind of a blanket argument against using technology in general Many (most?) financial actions you can take with a computer can be rolled back if shown to be fraudulent, because the asset isn't stored on the computer itself. This is specifically not true of crypto assets.