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by illiarian 1199 days ago
> If you have the property deed, are you the house owner?

That's a great question.

Riddle me this: https://news.ycombinator.com/item?id=27212564

1 comments

I'm not sure what you think that proves? Government corruption has and will always exist. If anything, a public blockchain will make manipulation of property records more easily detectable.
> I'm not sure what you think that proves?

Your question was, quote, "If you have the property deed, are you the house owner?"

I gave you an example of a property deed, and issues that could arise around that property deed. Now, how exactly will blockchain help in the cases I described?

My original question illustrates that an NFT deed is interchangeable with a property deed. Public blockchains can help expose manipulations of property records because the history of record transactions are available for anyone to check. You don't get that with closed centralized property systems.
> My original question illustrates that an NFT deed is interchangeable with a property deed.

It's not. NFTs are non-enforceable.

> Public blockchains can help expose manipulations of property records

No they can't. I literally provided you with examples.

> It's not. NFTs are non-enforceable.

They are as non-enforceable as property deeds. (i.e. property deed enforce-ability relies on the government too)

> No they can't. I literally provided you with examples.

They absolutely can. If someone modifies the NFT on the blockchain you will see exactly when and by whom it was modified. This could be provided as evidence in court.

> They are as non-enforceable as property deeds. (i.e. property deed enforce-ability relies on the government too)

Translation: government enforces property deeds. They are enfoceable.

NFTs are not

> If someone modifies the NFT on the blockchain

The question isn't about modifying the NFT is it. Go and re-read the cases I provided.

Edit: What amazes me about all the cryptobros is their inability to look beyond the simplest of the most simplest of the most trivial of cases. Probably because of their childlike belief in the magic of blockchain.