"Actually getting end users to respect the property rights agreed upon by this system will be dependent on the specific nature of the property, and is beyond the scope of the current inquiry." Only national courts have the stick (ultimately, jail) to enforce change of possession.
“A group ... on the Internet ... keep[ing] track of ... property ... represented by 'titles' [with] the public key corresponding to a private key held by its current owner, signed by the previous owner, along with a chain of previous such titles." https://web.archive.org/web/20020202165211/http://szabo.best.vwh.net:80/securetitle.html …
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But disputes over contractual rights in property can be submitted to a decentralised court of arbitration - using independent, technically competent arbitrators - and national courts will enforce those decisions
@iang_fc@mattereum -
Local courts, of course, for real estate and personality attached to real estate. What a cool project.
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Yes, local judges are expert at dealing with disputes over real property in their own jurisdictions. For international commerce using blockchains, technically competent arbitrators may be preferable.
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Well said .
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very easy to do all that and more on NEM
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But in a place like India, even when you have titles associated in Government records, there are bunch of land-mafia who uses muscle to displace thousands of homeless people.. How can we handle such situations?Can we have a a decentralised policing system to protect people 4m dem
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Thanks for sharing. You inspire me to write better.
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In case we had any doubt that you are Satoshi.
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@NickSzabo4 building title and escrow company on blockchain and would love your advice. Seattle-based and know you're a fellow UW'er :) Open to chatting? -
How will you handle easements, restrictions, etc?
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@factom territory much?Thanks. Twitter will use this to make your timeline better. UndoUndo
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"... with the previous signatures removed before signing."
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If you read his blog, he is actually way better than Satoshi. when Satoshi was still just making a simple coin, Szabo had already moved on to much grander ideas. He is definitely a candidate for a Nobel Prize.
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