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I couldn't believe it a few years ago when people were talking about NFTs as the 'future' of keeping track of property ownership for everything. Like, somebody

I couldn't believe it a few years ago when people were talking about NFTs as the 'future' of keeping track of property ownership for everything. Like, somebody stole a cryptographic key, now they can 'prove' they now own my house and I can't (code is law, right?). Or a relative died and now their crypto-currency keys are permanently inaccessible - now all their money is lost forever and nobody can inherit it, even with court order etc.! That's just not the world most people want to live in...

zoklet-enjoyer 2y ago
Code is not law. Law is law. Very few people argue that code is law and it has become an anti-blockchain talking point. Multi signature wallets exist.
- mschuster91 2y ago
  > Multi signature wallets exist. Well... with a traditional bank, everyone knows that in a pinch you can just show up at any branch of your bank, present a government issued ID card and get your money. That doesn't need an user manual or any technical knowledge. Setting up multi-sig wallets and actually working disaster protection however? That needs a looot of knowledge.
  - egberts1 2y ago
    Ummmm, more like MULTI-WALLET, because ... anti-tracking or tracking, depending on your authoritarian stance.
- kentm 2y ago
  > Code is not law. Law is law. Very few people argue that code is law and it has become an anti-blockchain talking point. I made this exact argument in discussions with "blockchain" proponents, in discussions of why "code as law" was not good, and got near-universal, vehement disagreement. I suspect that you underestimate how many people argue it.