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A house is linked to a title. The title is a paper token.
by markkat 6y ago
A house is linked to a title. The title is a paper token.
- bradleyjg 6y agoThat proves too much. There’s nothing inherent in the paper that grants any rights and privileges. It’s the legal system that does that. A digital token is either meaningless (if the legal system doesn’t recognize it) or massive overkill (if the legal system treats it the same as a wet signature).
- _huayra_ 6y agoIt's not only the legal system, but the military / police components of a country that enforce private property too.
- markkat 6y agoThe legal system will recognize it, and attribution protocols are being built. Removing middlemen like title companies is an efficiency, not overkill.
- bradleyjg 6y agoTitle companies are fading away with the advent of digital land registries (using plain old boring databases). As usual for “like X but with a blockchain” this is a solution in search of a problem. Because despite all the protestations to the contrary the real motivation for crypto is not providing useful goods or services in exchange for reasonable compensation, it is getting rich by being an early adopter.
- ceejayoz 6y agoI can take the title to a court and say “this proves that house is mine, give it back”.