Molly White Tracks Crypto Scams. It’s Going Just Great • Hacker News Board

Re: Molly White Tracks Crypto Scams. It’s Going Just Great

#321

Post by TheProbes » Sat, Jun 03, 2023, 4:16 AM UTC

leashless wrote: post #316

ross_st wrote: post #311

Earlier quoted context omitted.

"But here's the bottom line: there's no electronic trading system for real estate right now, other than things like REIT equity on exchanges." Yes, but the reason for this is not because it would be impossible to implement with existing technology. There's absolutely no reason that you couldn't set up a traditional database to do that. The reason for this is that there's actually a lack of demand for a system that wo…

"There's absolutely no reason that you couldn't set up a traditional database to do that." Everything is equivalent to a Turing machine. The question is costs . "clearly how technology is going to streamline the process of conveyancing. This is what's actually needed, not trading property like NFTs" These statements say the same thing: a perfectly efficient conveyancing process is seamless, so the property can change…

I`ve talked to blockchain bro`s since day one about this stuff. "Houses as NFTs" etc etc. It`s a simple grift, an empty scam, substituting a woo-woo-tech "solution" to obscure the fact that the basic idea is houses as bearer bonds.

Transfer the NFT? O.k, what happens if the wrong NFT is transferred and the person refuses to give it back?

What happens if someone hacks your wallet and steals your apes and your house. Do you have to move out?

What happens if the wrong data gets entered and an apartment block has one less floor of apartments than actually exists?

What is your blockchain solution to the boring everyday errors and fraud that occur in real life?

Here`s the problem. My shiftless nephew put a key logger on my computer and transferred my house NFT to his own wallet. Now he`s claiming I gave it to him and is aiming to sell it. Walk me through the process resolving this, step by step. .

Re: Molly White Tracks Crypto Scams. It’s Going Just Great

#322

Post by super256 » Sat, Jun 03, 2023, 1:31 PM UTC

bentcorner wrote: post #310

super256 wrote: post #291

Earlier quoted context omitted.

I just went straight to the "transfer" button and ended up with this form: https://imgbox.com/QY8GQFhQ

I get something like that if I'm trying to send Euros from my Wise account (and there's an "Inside Europe"/"Outside Europe" toggle). Are you able to exchange your EUR to USD within Wise first? https://imgbox.com/ADDZxVXh

> Are you able to exchange your EUR to USD within Wise first?

I currently have nothing on my wise account, as I used the different solution I've described above. I will try that next time.

Re: Molly White Tracks Crypto Scams. It’s Going Just Great

#323

Post by ross_st » Sat, Jun 03, 2023, 2:42 PM UTC

leashless wrote: post #316

ross_st wrote: post #311

Earlier quoted context omitted.

"But here's the bottom line: there's no electronic trading system for real estate right now, other than things like REIT equity on exchanges." Yes, but the reason for this is not because it would be impossible to implement with existing technology. There's absolutely no reason that you couldn't set up a traditional database to do that. The reason for this is that there's actually a lack of demand for a system that wo…

"There's absolutely no reason that you couldn't set up a traditional database to do that." Everything is equivalent to a Turing machine. The question is costs . "clearly how technology is going to streamline the process of conveyancing. This is what's actually needed, not trading property like NFTs" These statements say the same thing: a perfectly efficient conveyancing process is seamless, so the property can change…

No, trading an NFT is not the same as the process of conveyancing.

Conveyancing includes checks to comply with property law. Trading an NFT doesn't.

Have a nice day.

P.S.: You've already admitted on the Mattererum website that the NFT isn't actually legal ownership of the property itself, but an interest in the property, and an extra step is still required to convert that into legal ownership.

If you wanted to build digital a marketplace for property interests to be speculated on like NFTs with a traditional database you could - and no, it wouldn't be more expensive. It's not been done because the demand isn't there.

Re: Molly White Tracks Crypto Scams. It’s Going Just Great

#324

Post by DannyBee » Tue, Jun 06, 2023, 2:41 AM UTC

leashless wrote: post #246

quickthrowman wrote: post #157

Earlier quoted context omitted.

> I really don't get how people can believe a single second that this kind of projects can make any sense. I don’t either, given that > writing anything else on a given blockchain only guarantees that this something else is written on this given blockchain, and if you don't have any external authority that can make it true (for example, the justice system to which you can go if the person to whom you have paid for a…

If you actually want to know: https://www.judiciary.uk/wp-content/uploads/2022/02/Speech-M... That’s from the UK head of civil justice. Read points six through nine. Then https://medium.com/humanizing-the-singularity/the-best-of-bo... Which explains how we get real world facts on to the blockchain in an economically secure way. No, you cannot do this with a database. Bear in mind I’m also http://myhopeforthe.world an…

Man. Okay. The parent is right, you are crazier than i gave you credit for.

Okay, I read all of your references, and besides the whole amazing arrogance piece, you fundamentally don't understand land disputes. Also, your references don't support any of your points in a meaningful way. Points 6-9 say nothing other than "blockchain is not immature". It doesn't say "holy crap the world would be better if land was on blockchain". The referred to report doesn't say it either.

The whole thing reads like a serious case of NPD.

As a lawyer, let me try to help: Putting land records on blockchain, and even turning land into NFT's that properly transfer when NFT moves is totally meaningless.

Land disputes are, 99.9% of the time, not about a lack of records. They are about a lack of caring about what the records say, and NFT won't fix that.

For example, when US states took land from the indians, it wasn't "hey we have no records that say you own this", in fact, the opposite - not only did they have records, the courts even said "yeah the indians own this, you can't take this". The result was the state governments saying "yeah, we don't give a crap" and doing it anyway, and marching them out of the state.

This is repeated time and time again. It is incredibly rare to have a land dispute where the issue is "we have no records", or we can't prove anything.

If it was a bunch of NFT's, either it would be simply ignored (which is what happened pre-NFT's), overruled by some other chain that has more central control (IE a dictator creates his own chain and doesn't care about yours, even if everyone else does), or someone would just torture people until they transferred them. Yay, i'm glad you fixed everything.

Even if this was wrong (and it's not), the mechanics say that bona fide purchaser for value without notice take good and valid title, even against the people who had land stolen from them.

This, again, isn't due to lack of records.

The system isn't actually broken, it's behaving exactly as it is supposed to.

It just turns out that having land as NFTs or whatever doesn't change the fact that governments are sovereigns that can do what they want.

Somehow i suspect you think crypto will magically change this too - it will not. At best, it will only change how formal a government exists, and even that's crazytown. In that world, the people with the most weapons and willingness to use them make the rules. Those are the government, defacto or not.

Re: Molly White Tracks Crypto Scams. It’s Going Just Great

#325

Post by DannyBee » Tue, Jun 06, 2023, 2:50 AM UTC

leashless wrote: post #304

ryan_lane wrote: post #301

Earlier quoted context omitted.

6 - 10 don't offer any useful information, except to say "blockchain is hot hot hot". You're only further showing that your grift is confidence.

*from one of the most senior judges in the UK* -- not "hot" but "has a ton of utility in the conduct of real commerce." It hits different coming from people that handle the legal frameworks for trillions of dollars of transactions, you know?

"from one of the most senior judges in the UK" I mean, this is a very subjective judgement.

He's not nothing but it's not like he's one of the top 10 most senior judges in the UK or something.

He also doesn't handle the legal frameworks for trillions of dollars of transactions. I don't even know what you think "handle the legal framework" means, but it's clear you literally don't even understand his job, and you sort of ascribe some weird business structure to it.

The responder to me was right - every time someone points out a problem you make up some ethereal nonsense.

You really seem to think you are doing the right thing, or at least present that as a facade.

But you do in fact come off as a confidence grifter. Maybe change that if you want anyone to take you seriously, rather than just argue you have a big brain and people should therefore respect you.

It turns out, unsurprisingly, there are lots of big brained people around. The useful parts of what you say are not particularly insightful, and the rest is just crazy.

Re: Molly White Tracks Crypto Scams. It’s Going Just Great

#326

Post by gitfan86 » Tue, Jun 06, 2023, 11:17 AM UTC

scottiebarnes wrote: post #309

gitfan86 wrote: post #308

Earlier quoted context omitted.

The most important money throughout history and still today is debt. "Debt the first 5000 years" is a good book on the topic. A shorter form explanation that is pretty good is "The DEBT Cycle Explained By Ray Dalio" on YouTube Again I'm still not sure why you are trying to convince me that USD is a bad investment. I already said it was at the beginning of this thread.

Good, then you're on the path to figuring out what a better form of money could be.

Not really, I'm not looking for a new medium of exchange.