6 ms·

exactly this. Blockchain is more authoritative than random pieces of paper (deeds) declaring ownership.

• deleted 5y ago
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• pwinnski 5y ago
  Property deeds are more authoritative than blockchain records declaring ownership. Okay, now we've each made a claim, they're in opposition, but mine has the advantage of currently being true in every jurisdiction I'm aware of. In what sense do you think that blockchain is "more authoritative" than the existing legal system?
  • tantaman 5y ago
    Of course a blockchain record has no authority under the current legal system. Authoritative in terms of how easily one vs the other is to forge. Property deeds are more easily forged than a record on the blockchain. https://www.experian.com/blogs/ask-experian/what-is-home-title-fraud/ https://www.experian.com/blogs/ask-experian/what-is-home-tit...
    • hannasanarion 5y ago
      If blockchain records are impossible to forge, then surely blockchain theft must be unheard of, right? https://www.cnbc.com/2018/06/07/1-point-1b-in-cryptocurrency-was-stolen-this-year-and-it-was-easy-to-do.html https://www.cnbc.com/2018/06/07/1-point-1b-in-cryptocurrency... Oh.