Do you think things like real property titles will eventually be transferred via smart contract using Bitcoin as the base layer? Or is this a pipe dream?
Discussion
Maybe on something like Liquid but not base layer.
Could be tied to a particular UTXO
For something like this, I always work back from the unhappy path. In this case, how will a title conflict be resolved? In the courts or by code? The latter option is a pipe dream barring a revolution that overthrows our existing legal framework. So using “smart contracts” which are not real contracts, to transfer title to non-digitally native things (i.e. with a physical footprint) is not meaningful
“…barring a revolution that overthrows our existing legal framework…”
So you’re telling me there’s a chance…
Seriously, though, I think you’re probably right much as I remain somewhat intrigued by the concept.
The good news is, the same legal framework is largely toothless when it comes to unconfiscable, censorship resistant, and purely digitally native property