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Equities are instant and electronic. You can agree on a transaction instantly on a web page. But the actual confirmed trade comes the day after. Real estate t

Equities are instant and electronic. You can agree on a transaction instantly on a web page. But the actual confirmed trade comes the day after. Real estate transactions are legal transactions, and for the once every 5 years you need to get a title company to record the deed is that really a big deal? My wife works in banking, and yes, the cumbersome and primitive nature of this stuff introduces delays and opportunities for miscommunication that make it kinda a big deal. There's absolutely no reason any of these things have to be achieved with a blockchain. There's absolutely no reason to think any of these things would even be better achieved with a blockchain. It's not analogous to the internet because the internet was fundamentally more efficient than what came before it, not less. Dude, you clearly don't have any clue about how primitive lots of transactions still are. I'm glad that progress has been made in checking, but it seems like you only know about that, and have no clue what happens with title companies, and what banks have to go through to deal with them. Blockchain could clearly be better for that.

arcticbull 6y ago
> You can agree on a transaction instantly on a web page. But the actual confirmed trade comes the day after. Does that matter? That's why we have loans. > My wife works in banking, and yes, the cumbersome and primitive nature of this stuff introduces delays and opportunities for miscommunication that make it kinda a big deal. Lucky thanks to trust and centralization it can be resolved instead of lost forever. > Blockchain could clearly be better for that. Lots of non-blockchain things could clearly be better for that, too. Since centralization and trust represents a massive optimization, a non-blockchain solution by definition can be more efficient.
- stcredzero 6y ago
  Does that matter? Tremendously. Just as the Robinhood CEO and watch videos on the mechanics of why they did what they did. Then come back here and hang your head in shame. Lucky thanks to trust and centralization it can be resolved instead of lost forever. It's the centralized systems of disparate parties which causes this. You clearly don't know what you're talking about here.
  - arcticbull 6y ago
    > Tremendously. Just as the Robinhood CEO and watch videos on the mechanics of why they did what they did. Then come back here and hang your head in shame. I'm very familiar with that situation, lol, no need to get hyperbolic. A small tweak to liquidity requirements is all that's needed to rectify that. Not burning the whole system down. This reads a lot like the engineering preoccupation with rewriting instead of refactoring because reading code is hard and writing it is easy. > It's the centralized systems of disparate parties which causes this. You clearly don't know what you're talking about here. No, I'm saying that decentralized systems leave no recourse to correct errors. SFYL. Centralized systems do. When you speak with such hyperbole and unbridled, untempered enthusiasm it raises questions about your answers. Especially when the system you espouse has had no end of issues, of bigger magnitude, constantly. Robinhood just taking that opportunity to exit scam or shut down would have been "just another day" in crypto. At least Vlad didn't fly off to India to open an orphanage, fake his own death and tell everyone to get stuffed. The entire space is one step from collapse at all times haha. None of that changes what I said: a non-blockchain solution that's new, clean and modern would do just as much good as a new blockchain solution. Possibly more. And definitely more efficiently. Why approach this from the solution domain instead of the problem domain?

arcticbull 6y ago

> You can agree on a transaction instantly on a web page. But the actual confirmed trade comes the day after. Does that matter? That's why we have loans. > My wife works in banking, and yes, the cumbersome and primitive nature of this stuff introduces delays and opportunities for miscommunication that make it kinda a big deal. Lucky thanks to trust and centralization it can be resolved instead of lost forever. > Blockchain could clearly be better for that. Lots of non-blockchain things could clearly be better for that, too. Since centralization and trust represents a massive optimization, a non-blockchain solution by definition can be more efficient.

stcredzero 6y ago
Does that matter? Tremendously. Just as the Robinhood CEO and watch videos on the mechanics of why they did what they did. Then come back here and hang your head in shame. Lucky thanks to trust and centralization it can be resolved instead of lost forever. It's the centralized systems of disparate parties which causes this. You clearly don't know what you're talking about here.
- arcticbull 6y ago
  > Tremendously. Just as the Robinhood CEO and watch videos on the mechanics of why they did what they did. Then come back here and hang your head in shame. I'm very familiar with that situation, lol, no need to get hyperbolic. A small tweak to liquidity requirements is all that's needed to rectify that. Not burning the whole system down. This reads a lot like the engineering preoccupation with rewriting instead of refactoring because reading code is hard and writing it is easy. > It's the centralized systems of disparate parties which causes this. You clearly don't know what you're talking about here. No, I'm saying that decentralized systems leave no recourse to correct errors. SFYL. Centralized systems do. When you speak with such hyperbole and unbridled, untempered enthusiasm it raises questions about your answers. Especially when the system you espouse has had no end of issues, of bigger magnitude, constantly. Robinhood just taking that opportunity to exit scam or shut down would have been "just another day" in crypto. At least Vlad didn't fly off to India to open an orphanage, fake his own death and tell everyone to get stuffed. The entire space is one step from collapse at all times haha. None of that changes what I said: a non-blockchain solution that's new, clean and modern would do just as much good as a new blockchain solution. Possibly more. And definitely more efficiently. Why approach this from the solution domain instead of the problem domain?