Amusingly, the existence of title insurance demonstrates exactly the problem with NFTs that I was talking about. If somehow I manage to go through the steps of

Amusingly, the existence of title insurance demonstrates exactly the problem with NFTs that I was talking about. If somehow I manage to go through the steps of selling a house I'm not authorized to sell (whether by fraud or otherwise), typically the buyer doesn't get to keep the house, because our court system has people in it who can examine a whole situation and unwind it. Buyers get title insurance to protect against that kind of thing, so they can get their money back. With NFTs you'd need title insurance in the exact opposite direction. You'd need to insure your title to make sure that a fraudulent and irreversible NFT transaction didn't irrevocably transfer ownership of your house and leave you boned. And also, the bar I set was "better than a database" not "better than a poorly drawn JPEG".