[matheusmoreira]

I also concede that this fiction is convenient. I oppose it mainly because I completely distrust the current bank based implementation of it. Technology that obsoletes banking has yet to be invented. I thought cryptocurrencies would change something but they turned into stocks instead. Even worse: they literally reinvented banks on top with all of the downsides and none of the benefits. There's also the fact they don't solve secure storage: nothing stops some criminal from holding you at gunpoint and forcing you to irreversibly transfer cryptocurrencies to their wallets. Nothing stops them from kidnapping people and emptying their credit cards and bank accounts either but at least society manages to make the bank absorb some if not all of those losses. My country launched a central bank electronic transfers service and every day I see news of people irreversibly scammed out of tens of thousands.

Real property solves that problem best. The criminal can't take you to the government office with a gun to your head and force you to sign over the property to him. Property is also what capitalism is all about: actually owning stuff. Engaging in it keeps the fabled "you'll own nothing" dystopia at bay.