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Great idea. I just registered your house on my favorite blockchain. You can leave any furniture you don't want on your way out. If you feel this is an error, pl
by heyitsguay 5y ago
Great idea. I just registered your house on my favorite blockchain. You can leave any furniture you don't want on your way out. If you feel this is an error, please don't resort to any centralized statist mechanisms to resolve this dispute.
The issue isn't a lack of imagination on the part of skeptics who actually understand the underlying technical mechanisms behind blockchains. It's a lack of understanding by proponents about how the physical world works and how it can and can't be made to relate to digital comstructs.
- carpo 5y agoThanks for enlightening me with your knowledge of the blockchain. but please explain how would you "register" it? Why with my "favourite" blockchain? Why can't a centralised state use it, but get the benefits of decentralisation and proof of ownership? Your arguments and lightly veiled ad-hominem attack are actually the point of my initial comment. Imagine that Country A decides to use Blockchain A (which has been around for decades and has proven itself secure) to store its property titles and allow the purchase of property digitally, with full transferal of title and ownership. The government writes a smart contract on that blockchain that facilitates payment, title searches, hooks into other government databases or blockchains for easement information, liens etc. They then, obviously, migrate their existing title information onto the blockchain and distribute the NFT's to the current owners. How do you "register" your fake one? If you can't see how this could change an old and plodding industry like real estate which is surrounded by mountains of paper-shuffling, then yes, you're being unimaginative.