Nostr Web Client

It sounds like you don’t own a house or haven’t worked with deeds. The government approves/records the deed to a house, ie the Assessor/Recorder office would issue the NFT.

The concern with physical deeds is they’re incredibly easy to forge and steal property. An NFT is significantly more challenging to steal if issued by the institution that oversees property, as they would control the NFT.

Unfortunately you can’t self-custody property because the land is literally owned by the US government. Can’t speak to other countries.

Systemling32 11mo ago

You are correct, I don't own any real estate and don't live in the same jurisdiction as you do.

I am not against using cryptography to make documents such as the deed to a house forgery proof. But there is no need to store that record in a globally decentralized public blockchain. You can have a cryptographically signed certificate stating ownership and have that as a small text file on government servers, S3, your drivers license's chip or encoded into a QR Code and framed in your bathroom.

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Discussion

Anda 11mo ago

Even I agree, unless there’s a zero knowledge way of doing this. Unfortunately this means there will be a closed blockchain then…

Systemling32 11mo ago

Like I said you don't need a blockchain for that. Just a folder full of those certificate files that is backed up well.

Blockchain solved the problem of establishing the chronological order of events in a adversarial environment without a central time keeping server.

In the example of a government the same entity that writes and signs the ownership certificate can also write in the current date and time. You need to trust them as an oracle anyway.

Anda 11mo ago

It seems we will agree to disagree. Nice to hear your perspective.