3 ms·
You can't, at least not directly. You still need the local monopoly on violence to honor and respect your claim on the property. That's why I'm personally not s
by anonporridge 5y ago
You can't, at least not directly. You still need the local monopoly on violence to honor and respect your claim on the property. That's why I'm personally not super bullish on the use of NFTs for property rights at this point (unlike my confidence in the place of bitcoin as long term safe store of money).
However, I could see it might be useful to at least make it obvious to the world when a centralized authority takes someone's property without their consent, and will force them to actually prove to the world why the seizure was justified.
The important thing in this case, is that while they can seize the underlying property, they can't just transfer the ownership certificate (e.g. property title) arbitrarily. Any local authority that accumulates a lot of unjustified seizures will see investment into their realm dry up, as people with money realize the risk of seizure in their realm is too great to justify investing significant money. We already do that now to some degree, but mostly through social gossip because it can be hard to prove that it's happening unless the abuse is directly touching your social circles.