No. Tim did not miss an important point about trust. You missed an important point about power. Those large land owners do not give a fuck about your blockcha

No. Tim did not miss an important point about trust. You missed an important point about power. Those large land owners do not give a fuck about your blockchain. They'll take the land and farm it anyways. You can "own" the virtual stake; they're happy to cede you cyber nonsense as long as they get to control who touches the actual grass. The large land owners, who have local authorities in their pocket, would simply quote President Andrew Jackson's apocryphal opinion on blockchain: "The blockchain has made its decision; now let the blockchain's army and police enforce it!" [1] [1] https://en.wikipedia.org/wiki/Worcester_v._Georgia https://en.wikipedia.org/wiki/Worcester_v._Georgia