Nostr Web Client

there's proof of the transaction, nothing to tie it to a house.

for that you'd need a smart contract, which is not possible with bitcoin

I don't really see the point, would a smart contract be more systemically secure than old fashioned paperwork? It would have to be based on proof-of-work to gain security benefit.

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Discussion

galegoo⚡ 2y ago

old fashioned paperwork can be forged or falsified, a secure blockchain cannot.

yes, I do have some concerns with the decentralisation of PoS. just discussing the usability of smart contracts (and, by extension, NFTs)

🫎 2y ago

There is no way to physically verify that any PoS protocol is decentralized and thus is systemically vulnerable to exploitation and abuse.

That's the bottom line, PoS can't be trusted, humans can't be trusted.

galegoo⚡ 2y ago

I do agree that PoW is a far superior method to PoS