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by duxup 1062 days ago
One theory I have about all this is that doing deals with zero trust is that ... people don't want to do that ... and no matter what you do there's going to be this whole process around these transactions to provide some assurances and so on. On the surface all this title company stuff is silly and it is, unless there's a real problem with the title and then you want it.

These are human problems.

1 comments

These sound like problems I associate with bureaucracy, not people, and problems that just go away if/when some kind of API is provided. If the purpose of the title company or lawyer or whatever is to do something like "phone the county office clerk and tell them to look up a rubber stamp and fax us a signed copy", then it's not like it's impossible to get rid of the middlemen.
But its not _worth_ getting rid of the middle man when the fee is so much higher than current processes, on transactions where it might actually be used.

It really is a solution in search of a problem.