4 ms·
For me that creates two big questions: (1) Do we really want high frequency markets in real estate? Is that socially and economically desirable? (2) Land and
by RandomLensman 4y ago
For me that creates two big questions:
(1) Do we really want high frequency markets in real estate? Is that socially and economically desirable?
(2) Land and property records so far have survived centuries (if not millennia), can we hope that an NFT solution will have the same long-term compatibility?
- shakow 4y ago> Land and property records so far have survived centuries (if not millennia) Not really, no. Just taking the European example, there have been countless cases of litigious states of affair after e.g. invasions, revolutions, nationalizations, privatizations, etc. E.g. a house in Romania post Ceaucescu fall, a noble family's domain in Russia in 1917 or France in 1790, a German estate in East Prussia in 1945, a property in Kosovo, etc.
- RandomLensman 4y agoSo France 1790 is kind of making my point - if that was the last break it's more than 200 years ago. And, yes, well aware of post socialism etc. issues. Not all have to do with records themselves but rather whether certain transfers of property were legal or not - which is different from pure record keeping. Where I live in Europe nothing litigious for about 200+ years and I can easily pull records for my place beyond 100 years without any need for reading/parsing technology.