rbos comments on Cory Doctorow: The people who tell you ‘AI is changing everything’ are lying

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[–] rbos@lemmy.ca 2 points 1 month ago (5 children)

I was thinking that with legal backing, blockchain could be a good record of ownership for deeds. Like NFTs but for physical property.

The history of ownership and the public visibility are good features there.

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[–] phutatorius@lemmy.zip 17 points 1 month ago

Lack of reliable, authoritative attribution of changes and no rollback or compensatory transactions are all dealbreakers.

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[–] Valmond@lemmy.dbzer0.com 1 point 1 month ago (2 children)

Yeah who doesn't want a ledger you cannot change, sounds like a good idea. /s

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[–] rbos@lemmy.ca 1 point 1 month ago (1 child)

In the case of deeds, i think it is desirable because it gives you an immutable history of ownership.

There are other problems but i don't believe that is one.

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[–] Valmond@lemmy.dbzer0.com 0 points 1 month ago

No it doesn't. It only works because 51% doesn't change the ledger.

You already have this with a simple database for ownership. It already exists, and ledgers made out of paper predates that.

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[–] Jason2357@lemmy.ca 1 point 1 month ago

But with good legal backing, all you need is a shared database and maybe basic cryptographic signatures to prove ownership in case of malicious actors. So basically, traditional banking.

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