Nostr Web Client

Whoa! I just realized that the real estate MLS can be replaced by nostr! Not only that, but nostr could make the sale public knowledge immediately and expedite the discovery process needed to be sure the seller is the authentic owner. Inspections could be made public as well, and those inspectors' credentials could also be public and verifiable...

One system!

This could be the killer app!

Guy Swann 2y ago

I think the network effect has to be massive before that really starts to happen. And there needs to be some system for revocation/cycling of keys in the database in the necessary cases of death, lost keys, hacks, confiscation, etc.

But this is one of those things where so many crypto bros were certain “blockchain” was the answer here and completely failed to recognize that like 90% of the blockchain node/consensus system is pure bloat and totally useless in the context of real estate. Literally all you need are keys and a public database. Literally all the other stuff is superfluous.

Still feels like you need an administrator, or set of administrators, either way. There’s no way to make real estate ownership “trustless,” but it can certainly be made WAY less expensive.

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Discussion

MAstr 2y ago

Totally agree.

There are a lot of evolutional baybystepps in between necessary to get there. And of course a lot of adoption in the normie world. Looking at how long it took us to develope layer two o Bitcoin, this will take a while.

And it is still not decided if this version of NOSTR will survive. We're still in testing mode.

James A Lewis 2y ago

Most definitely. It has to be known before it can be used, but it has to be developed before it can be known. That's the stage we're at now.

As well, I think we would need to distinguish between personal keys and legal entity keys, not technically but in practice. I as a legal entity would be making a listing, purchase, or whatever other action on the one npub, and I wouldn't want spicy memes to be on the same npub as my home purchase or whatever.

Now, it would be the same system, because sharing a listing from the market side to my personal npub would still be a good functionality.

I think the "administrator" of such a system would be local gov't. Key rotation would be ... key 👈😉 ... to ensure individual liberty, while some continuity from key to key would then be necessary for local law enforcement to ensure the laws of real estate (and other) sales are followed.

Lethal Lee 2y ago

🥁

Neat idea though