Yes. Many proponents of blockchain speak with glee at how doing so will "cut lawyers out of the process". Lol. In every generation there is someone who thinks they can do away with the legal profession. Lawyers have walked the earth for thousands of years and shall continue to do so for many more.

This very much like the back and forth we have on microservices vs monolith. Every generation likes the cool thing only to revert back to mean.

People will go decentralized, then centralized, then decentralized, etc.

We built centralized government bodies for a reason.

The aspect of blockchain + bitcoin that's pretty appealing is limited supply & formulated inflation & cryptographic guarantees.

Applying this to all other domains is stretching it a bit.

In local laws over here only the current state of deed book matters.

Whatever gets there, input by trusted and certified notary, IS the current legal standard of law. No exceptions.

If legal proceeding happens that wants to restore ownership, a new state is written into that book - it does not return to the previous state.

if fraud happens you can clearly see who, when did it, and can do another change restoring it to proper current state.

While also recording who fixed that mistake.

> In local laws over here

Pet peeve: posts in a global forum that mention "here". Which one did you mean?

Eastern european country, as i'm proposing a solution for problems that happen over here.

We, thankfully, do not operate under Common Law.