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A comment on SEC Is Studying Spotify's Plan to Bypass IPO in NYSE Listing. Parent comment

Re:SEC Is Studying Spotify's Plan to Bypass IPO in NYSE Listing by brianwawok on Tuesday August 22, 2017 @08:55PM (#15077637)
How do you computerize a hand written note between two guys in 1800 and stored in a bank?

Title insurance is dumb but in some form its pretty nice. Likely overpriced by an order of magnitude or so.

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Re:SEC Is Studying Spotify's Plan to Bypass IPO in NYSE Listing by dingaling on Wednesday August 23, 2017 @04:50AM (#15079717)
When I paid-off my mortgage in the UK I was disappointed not to receive the title deeds on paper.

In the past few years the land registry agency here has been encouraging lenders to scan-in old documents and destroy the paper originals, so the only active indication of ownership is a record in a database. They call this 'dematerialisation'.

I can only hope they have an excellent versioning and backup strategy.

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Re:SEC Is Studying Spotify's Plan to Bypass IPO in NYSE Listing by brianwawok on Wednesday August 23, 2017 @09:48AM (#15081487)
Oh man can you imagine that DR scenario.

"Umm, we lost all records of deeds for a city. Please resubmit your land claims to our office..."

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Re:SEC Is Studying Spotify's Plan to Bypass IPO in NYSE Listing by kasey_junk on Wednesday August 23, 2017 @01:11PM (#15083247)
Chicago dealt with this. Its actually how the title service monopoly that exists there came into being.

https://cmetro.ctic.com/pages/chicago-title-history.aspx

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Re:SEC Is Studying Spotify's Plan to Bypass IPO in NYSE Listing by brianwawok on Wednesday August 23, 2017 @09:11PM (#15086821)
Although oddly enough when I moved out of Chicago.. my Indiana title search was not significantly cheaper. Still a big rip.
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