Google Has Most of My Email Because It Has All of Yours (2014)

Re:Google Has Most of My Email Because It Has All of Yours (... by immibis on Sunday October 23, 2022 @08:14PM (#33311613)

But then it's just a government database. Might as well just use a government database - much simpler.

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Re:Google Has Most of My Email Because It Has All of Yours (... by rglullis on Sunday October 23, 2022 @09:08PM (#33311927)

For underlying security, of course. The point is that the ability to also tokenize a real physical asset opens a world of possibilities.

Can you take a collaterized loan on a share of your home from anyone in the world, if you have only the government database?

Can we have a "decentralized AirBnB" where you have can the NFT represents who have access to the house with "just a government database"?

Can you pool the resources from thousands of strangers to form a "REIT DAO", who then go on to invest on a scale that is only accessible for the Vanguards and Blackrocks around?

This would be simply too risky to be even considered by people if we constrain ourselves only to digital assets, but if we can have a system where the institutions work as a safeguard, why not leverage it?

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Re:Google Has Most of My Email Because It Has All of Yours (... by immibis on Monday October 24, 2022 @10:47PM (#33325564)

Yes. Just fill out a form selling your house to Tokenized Blockchain Corp. and have Tokenized Blockchain Corp. manage it based on the blockchain.

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Re:Google Has Most of My Email Because It Has All of Yours (... by rglullis on Tuesday October 25, 2022 @05:22AM (#33328177)

What is the jurisdiction of "Tokenized Blockchain Corp"? What happens if you live on a country that is under economic sanctions? What happens if there is any type of rug pull? What happens if the Corp gets "too big to fail" and its managers corrupt it? I surely don't want to end up with another Tether in our hands.

We don't need to completely disrupt the current institutions, when they are functional and work in the interests of the people. Quite the opposite, when they are functional they are more efficient (time- and resource-wise) than any decentralized system.

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Re:Google Has Most of My Email Because It Has All of Yours (... by immibis on Tuesday October 25, 2022 @11:06AM (#33331543)

Skipping the middleman doesn't solve any of these issues, except for the possibility that Tokenized Blockchain Corp is corrupt. So write an iron-clad contract with Tokenized Blockchain Corp regarding how your house is to be managed, and the courts will enforce it for you.

It can't be Tether because you can see that only one NFT is minted for your house.

The jurisdiction is, of course, where the house is.

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Re:Google Has Most of My Email Because It Has All of Yours (... by rglullis on Tuesday October 25, 2022 @11:38AM (#33332056)

> write an iron-clad contract with Tokenized Blockchain Corp

The legal costs for such a contract and the insurance to cover the damages of each possible novel use case would make it impossible.

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Re:Google Has Most of My Email Because It Has All of Yours (... by immibis on Wednesday October 26, 2022 @02:40PM (#33347639)

Doubt.

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