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In my country at least, the government charges lots of money (several thousands) to change ownership of real estate in a government managed ledger. That obvious
by kkjjkgjjgg 5y ago
In my country at least, the government charges lots of money (several thousands) to change ownership of real estate in a government managed ledger. That obviously could be replaced by crypto, which (in its basic form) is a distributed ledger. Ownership can be proven via the blockchain.
- CRConrad 5y ago> That obviously could be replaced by crypto Could. So far you've been using the present tense, "the [dumb] contract replaces the solicitor", or such. Obviously it doesn't. Or could you tell me in which countries in the world you won't, at present, have to pay the government to register real estate ownership changes in its ledger just because you paid the seller in a crypto-"currency"?
- lottin 5y ago> That obviously could be replaced by crypto It's not obvious at all that it could be replaced by crypto.