A Dog Who Took the Witness Stand
21–22 of 22 posts
Re: A Dog Who Took the Witness Stand
#22Earlier quoted context omitted.
Actually, as an immutable datastore, the blockchain is the perfect place to store ownership certificates. That's literally what crypto-currency is, a long auditable log of ownership certificates (unless you're complicating things with segwit).
You're addressing the technical problems without addressing the people problems. Blockchain is as immutable as it's distributed. When a company (corporate structure) is running it, they will probably own all of the nodes. A much more simple and legally strong solution would be to keep everything in a graph and hold backup copies in escrow. I think that currency is one of the few applications that's inherently distrib…
You could create an ethereum based registry fairly simply where people paid to be included. I'm definitely addressing both technical and people problems here.
Apart from that, I'm sorry, the practicalities of crypto-currency have been debated ad nauseum and I don't feel like arguing them today. :(