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A centralized goverment is one mechanism of enforcement yes. No reason there can't be others. One that doesn't require blind faith/trust. Arguably police are
by arberx 5y ago
A centralized goverment is one mechanism of enforcement yes.
No reason there can't be others. One that doesn't require blind faith/trust.
Arguably police are decentralized mechanisms of enforcement, no reason to formalize that responsibilty in a DAO.
- pavel_lishin 5y agoIt still requires blind faith and trust, but now you're trusting a combination of computer code that cannot apply common sense to transactions, and human programmers and bad actors, who can through accident or malice do a great job of fucking up your day.
- munk-a 5y agoAnd, since the government still would retain rights to seizing property under eminent domain or force the sale of a property for other reasons... you'd still need to put your blind faith and trust in the government to not seize your property. Essentially you've just increased the numbers of actors you need to all explicitly trust.
- skywhopper 5y agoHow do you enforce ownership without the state? If I take your house from you, what incentive do I have to care what the blockchain says?
- hannasanarion 5y agoIn what way is "these papers signed by these people in person, countersigned by notaries, postmarked on this date, after a thorough identity and title verification process conducted by these people, copied and hand delivered to bank, realtor, broker, seller, buyer, city, and state" blind faith But "I found a message on the internet with a secret number attached" is not blind faith?