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A deed is just a fancy hyperlink to property. Unless you register it with the same entity that is in a position to enforce it, you're in the same dubious positi
by idlewords 4y ago
A deed is just a fancy hyperlink to property. Unless you register it with the same entity that is in a position to enforce it, you're in the same dubious position as the owner of an NFT. Owning a pointer to something is useless without some off-chain mechanism to enforce the link, and once you start positing off-chain trusted parties to enforce your rights, the whole exercise gets a bit silly.
- nopenopenopeno 4y agoIt’s terrifying how many people lack an understanding of what a state entails. For anyone reading and wondering, a state (not to be confused with a government) is defined as a monopoly on violence. It’s literally that simple, but the repercussions are immense.
- zztop44 4y agoA claimed monopoly on violence. And I know everything else flows on from that, but that’s still a very narrow definition of a state.
- nopenopenopeno 4y agoIt is not narrow. It is the realist definition of the word and the most common definition throughout history. Some phrase it differently but the meaning is the same.
- junofan 4y agoWell these days the definition commonly includes some sort of international recognition. Warlords don’t count anymore.
- nopenopenopeno 4y agoThey do if they have a monopoly on violence. Whether or not your favorite state acknowledges another state is a different question. And of course once a state is defeated, it ceases to be a state.
- LarsDu88 4y agoThe funny thing is that every Silicon Valley shill has should have sufficient understanding of how this works to come to the same conclusion, but there are legions, LEGIONs, of technologically illiterate people who are easily fooled by these sort of bullshit usecases
- senttoschool 4y agoThat's right. I don't claim to be the smartest. But I've seen a lot of Silicon Valley businesses and technology to know that a decentralized Uber will never work. But there are enough suckers in the rest of the world to buy into BS token projects like decentralized Uber/AirBnB.