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You only need to have any widely trusted entity. A government entity is not always widely trusted, nor trustworthy everywhere globally.



I think that comes back to “the people with guns don’t have to care what the blockchain says” - and places without a widely trusted entity are likely to have the people with the guns.


If you don't have a system that enforces private ownership then who cares what a blockchain says?

Screenshots NFT


That was sort of my point. I’m not English so maybe it got a little lost in my wording, but decentralised trust doesn’t work, exactly because you need a centralised force to back its integrity up, and if you have that, what use is the decentralisation?

Maybe if it wasn’t hopelessly energy inefficient you could utilise it to cut back on your bureaucratic processes and make your organisation leaner. That’s just not going to happen in politically lead organisations, at least not here, where it would be political suicide to replace workers with a technology that can easily be painted as destroying the climate. Even the most fanatical liberal (this is our right-wing mind you) would realise how poor of a political platform that would be in the current political climate.


What, exactly, is the enforcement mechanism of NFT? Do they come with a military or police force to do violence against those who disagree with your Internet Claim Check?


Where I live, the land registry is trusted.




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