If they build it on higher layers (L2, L3, L4, etc) on #BTC yes... if they build it on #shitcoins, not so much...
Discussion
So here's the thing you guys.
If I have a real estate, a car, a intellectual property, a stock or bond, whatever.. Who's going to safeguard my property rights? Probably a court of law, right?
I don't need those assets, or the right to those assets, held on a decentralized blockchain, if a centralized entity is responsible for my property rights.
If I need to sign a contract, I can do it privately using nostr protocol and have it cryptographically verified. I don't need to have it broadcasted publically as an NFT and shit... It can be broadcasted later, if there is a dispute, and people will be able to audit that both parties signed the contract.
So I don't see how bitcoin level 2/3/4 can help.
Money is a use case for a decentralized ledger because it is THE asset.
If a private company issued shares as bitcoin ordinals, then sure, the shareholding would be as secure as regular bitcoin that you hold, but there's no guarantee that the company will honor your shareholding with dividends in the future. There still is counterpart risk. The use of the blockchain is futile.
It's always about the weakest link.
Who safeguards your #Bitcoin?
If you go deep enough down the rabbithole you get to point where you see that eventually #BTC disintermediates everything...
Could it be you missed my point? I was talking about other assets needing or not needing a decentralized ledger...
To end the fiat-fuckery, they do need THE decentralized ledger #BTC
Bitcoin safeguards Bitcoin. It just is.
A title deed on the #Bitcoin blockchain will be much more secure than in some deeds office, don't you think?
I am not in favor of ordinal theory... but in the genesis block #Satoshi showed us what's possible.
I think it's inevitable that the #timechain WILL be used to secure high value documents, immutable chain-of-custody and much, much more🤙
Not quite, friend...
it's the #plebs that keep the #timechain secure 🧡
the #miner, the #node-runner, the #coder, the #hodler, the #stacker, the #zapper... we are ALL #Satoshi (except THAT guy!) and we all contribute in a meaningful way 🫡