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A comment on It’s not still the early days of blockchain. Parent comment

Re:It’s not still the early days of blockchain by throw0101a on Saturday January 15, 2022 @10:18AM (#29946951)
The average price of a house in Ontario, Canada is $922K:

* https://wowa.ca/ontario-housing-market

When purchase through a lawyer, title insurance in Ontario is around $250:

* https://www.getwhatyouwant.ca/what-the-heck-is-title-insuran...

250 / 922000 = 0.000271 or 0.03%. I've had bar tabs larger that $250.

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Re:It’s not still the early days of blockchain by UncleMeat on Saturday January 15, 2022 @12:06PM (#29948034)
It is true that the price of title insurance is very small compared to the price of the house. But their expected payouts are still a smaller percentage of their premiums than other insurance.
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