[smt88]

1. Transfers of what? The recipient has to convert to fiat to do anything useful.

Cheaper and faster don't seem to be happening either, at the moment.

2. You can never digitally own a physical object. Your ownership is centralized in the real-world legal system.

You say "secure" as though people are going around stealing houses from each other by snatching their deeds. Ownership of all of those things is already secure enough.

3. In the US at least, none of this is true. Users still have to go through KYC and there is almost always a middleman involved. Crypto has escaped neither institutionalization nor regulations in developed countries.

[nullc]

I agree that the whole NFT whatever crap is 99.99% bull, but XKCD386 compels me:

> You say "secure" as though people are going around stealing houses from each other by snatching their deeds.

https://whyy.org/articles/philadelphia-man-charged-with-stea...

(not that blockchain woo would add much or any value to this problem, but title fraud is an actual thing)