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by Saris 1633 days ago
The amount of overhead that comes with using a cryptocurrency is a bit nuts to me, huge 20GB+ Blockchain files that need to be on ssd storage, and the bloated and unstable software that goes with it.

The fees are also huge in some cases, it costs a lot to send or exchange it. And it can take a long time for transfers to complete.

There a few things that benefit from Blockchain, but the majority of projects would be better off without it imo.

1 comments

Converting real property deeds into a public ledger could make a great deal of sense (except for the title search companies and local government records workers)

It's public information as to who owns what property - why is it all locked-up in file cabinets more-or-less randomly distributed through the country?

And in the end there is no practical reason to have it on blockchain. It is even undesired.

Failure of certain governments does not mean all of them have failed. Many have robust working registries of ownership. And sufficient procedures to sort out the issues.

But why rely on slow, inherently error-prone, human-run processes if you can automate it into something far less likely to misunderstood?