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> You are vastly over-estimating the scale at which local government operates You, and every other crypto bro vastly underestimates the scale at which local go
by dmitriid 4y ago
> You are vastly over-estimating the scale at which local government operates
You, and every other crypto bro vastly underestimates the scale at which local government operates. And the scale here means not "number of transactions per second", but "number of edge cases that need to be handled on a daily basis."
Some time ago I was in a conversation about how blockchain is going to solve everything around property registrations. Blockchain is just a slow distributed database that solves jack shit on its own, of course.
Here are some simple examples that land registries have to deal with: https://news.ycombinator.com/item?id=27212564 https://news.ycombinator.com/item?id=27212564
Good luck to you and your summer intern minting NFTs for that. And that's before we go into the whole definition of ownership https://news.ycombinator.com/item?id=27217681 https://news.ycombinator.com/item?id=27217681