[PragmaticPulp]

The missing piece of the puzzle is the cost of recourse for things like non-payment.

If I buy fractional ownership of your rental LLC via traditional means, it's not hard to get those well-understand contracts enforced by courts. Not necessarily cheap depending on your lawyer, but it's well understood.

If I instead buy fractional ownership via some sort of crypto transaction from another country and suddenly the payments stop, it becomes difficult to work with a foreign legal system to understand essentially computer code.

Worse yet, what do you do if someone loses the private keys to their crypto tokens? Or they're stolen? Does the new holder simply get to collect the rent from that point forward? Does a hacker get to own the house because the owner's account was compromised?

[ryanmarsh]

This is why you'll need a trusted custodian (with real estate) ie the district/county clerk, with like a "god" token or something that allows them to make any changes necessary in their jurisdiction, including retroactively assigning a new custodian.

All of what I'm discussing has real world precedent, the only difference would be using DApps for simplicity, security, transparency, and thrift.

Ever wondered what a notary was for?