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The example is pseudo-code and assumes a future with smart-property domain registrars. A better example might have been a smart contract trust which is 100% doa

• Animats 11y ago
  "The example is pseudo-code and assumes a future with smart-property domain registrars." Exactly. That's the problem. There has to be a much larger infrastructure which handles ownership of real-world objects for this to be useful. There are already smart-property domain registrars. MERS [1] and DTC [2] already do that, for mortgages and stocks respectively. But they don't need Etherium. [1] https://www.mersinc.org/ https://www.mersinc.org/ [2] http://www.dtcc.com/about/businesses-and-subsidiaries/dtc.aspx http://www.dtcc.com/about/businesses-and-subsidiaries/dtc.as...