> I like to think of other use cases, like real estate or stock options. If you talk about a plot of land, it seems feasible to find a unique identifier (you could even involve the government).
A deed digitally signed by the government's private key satisfies this need without a blockchain.
Re:Why Web3?
by kkjjkgjjgg on Wednesday December 29, 2021 @07:40PM
(#29732067)
"A deed digitally signed by the government's private key satisfies this need without a blockchain."
Only because the government keeps track of who owns what in a centralized database. Typically they also ask for pretty high transferal fees.
I think that is the "minting" problem.
An artist simply signing stuff does not even prove that a physical object corresponding to the token exists.
I like to think of other use cases, like real estate or stock options. If you talk about a plot of land, it seems feasible to find a unique identifier (you could even involve the government).
Edit: HN does not allow me any more replies right now, so I have to leave it at that. The reason why a "government signature on the deed" would achieve the same thing is because we trust on the government to keep a proper ledger. And the government asks for a lot of money for a transfer.