[shemnon42]

> Lose your key? Lose the ability to sell your house forever.

House deeds won't be simple NFTs, there will have to be other parties that can move the deed to handle things like foreclosures and eminent domain. So if your hardware wallet burns down in the neighborhood wildfire you just get the county clerk to move it for you, much like if the physical deed burned in the same fire.

And title fraud is already a thing without DLTs, just listen to all the identity theft surveillance pitches.

[senttoschool]

House deeds won't be simple NFTs, there will have to be other parties that can move the deed to handle things like foreclosures and eminent domain. So if your hardware wallet burns down in the neighborhood wildfire you just get the county clerk to move it for you, much like if the physical deed burned in the same fire.

So why the heck would you bother putting your house on a blockchain if you still need the county clerk and other entities?

[ipython]

What was the point of the blockchain if I have to … trust the county clerk? Why are they involved? Heck, why is there a “clerk” at all? Isn’t the point to have a trust less, decentralized system?

[idlewords]

Since you need a centralized trusted party to enforce the property right, you might as well register the deed with them and save a lot of pointless steps. There's no such thing as decentralized, trustless ownership of tangible property.

[ipython]

I think we are arguing the same point, as I vehemently agree. My questions were rhetorical.

[duxup]

If we have other parties who can act outside the blockchain… isn’t that what we have now?

Why use the blockchain at all then?