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by illiarian
1191 days ago
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> 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. |
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How did property deeds come into existence? Was there a time before property deeds? The point is technology evolves and blockchains offer an alternative to record keeping that is an improvement over existing systems. If governments adopt them for tracking property ownership, then they will be just as enforceable as property deeds.
> The question isn't about modifying the NFT is it. Go and re-read the cases I provided.
The point is the on-chain historical record of transactions can be provided as evidence to a court. A blockchain will not prevent corruption and bribery from arising, but it does represent an unalterable record of transactions. Ultimately courts are the enforceability layer of the government, but that does not make blockchains useless for the purposes of property record keeping.
> 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.
This seems like your inner bias coming out. There is certainly no shortage of grift in the crypto space. Nevertheless, the technology is real and there are people with PhDs in CompSci and vast amounts of distributed network experience working in the space. I'd invite you to try and look at the technology objectively, because there are some really exciting and cool things happening in the space.