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Wow, I've never thought of that. At some point, an entity that's the government or empowered by the government would have to say "Bob, the descendant of Jim ow
by x86_64Ubuntu 5y ago
Wow, I've never thought of that. At some point, an entity that's the government or empowered by the government would have to say "Bob, the descendant of Jim owns this property" and then somehow modify the chain. But then we are back at square one whereby the government can regulate on-chain ownership of coins or records.
- shagie 5y agoTwo years later a cousin shows up and says "Jim sent me this hard drive with this piece of paper, I've realized it holds the private key and by extension, I own that property." This really gets to the "there is no advantage to having this data on the blockchain since it doesn't solve any of the problems that currently come up with titles, creates new problems, and complicates existing solutions."