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Exactly, which is why an immutable record isn't as great as it sounds for these purposes. If everything is moved to the blockchain but that blockchain requires
by PragmaticPulp 5y ago
Exactly, which is why an immutable record isn't as great as it sounds for these purposes. If everything is moved to the blockchain but that blockchain requires the exact same government override access to handle common problems, what's the point?
In a hypothetical blockchain ownership society, we'd probably end up paying extra insurance on our ownership as well as extra fees to a 3rd party to retain custody of our ownership tokens.
- slaman 5y agoInsurance scams would be a laugh too. "All my assets got transferred to a random address! You should probably reimburse me because I was clearly hacked."