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Yes, owning property when that ownership does not require enforcement by a central authority.
by jksmith 4y ago
Yes, owning property when that ownership does not require enforcement by a central authority.
- lottin 4y agoSo you have to enforce it yourself? That's just lawlessness.
- jksmith 4y agoActually it's the elimination of a use case for a law.
- lottin 4y agoSure... but then how do you stop others from taking, using or damaging your property?
- jksmith 4y agoWell you do have an example of this in BTC. For physical property, it might be backed by a smart contract, then whoever takes your land, does so at the risk of being deplatformed. IOW, take my land, then the world around you becomes off-limits. Then you would have to be Alexander the Great to expand your world. Then antagonist is back into an energy expenditure issue. It's just not worth the energy cost to steal your land, so I don't.
- lottin 4y agoBTC doesn't enforce property rights. If someone steals your keys, they control your coins. The BTC network doesn't care that the keys are stolen. The other claim is even more bizarre. Let's say that your car is "backed" by a smart contract. How does a smart contract stop a thief from stealing your car? Does it involve magic?