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Yep, I knew you would show up.

You have obviously never bought a car or a house in a country where you have to trust that the cash the buyer is giving you is not counterfeit, or if using a bank transfer, that they will actually make the transfer once you signed away your ownership.

You can just use an ownership database maintained by the country

The blockchain would be the ownership database maintained by the country. The key is the atomic exchange of money for ownership.

Your rant about cryptocurrencies is irrelevant to this.

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merc@sh.itjust.works ⁨1⁩ ⁨year⁩ ago

where you have to trust that the cash the buyer is giving you is not counterfeit

Blockchain doesn’t solve that.

or if using a bank transfer, that they will actually make the transfer once you signed away your ownership

Blockchain doesn’t solve that.

The blockchain would be the ownership database maintained by the country

Why would you use blockchain instead of just a database. Blockchain is an extremely expensive, inefficient “database” that only makes sense if you don’t have a central authority you can trust to run the database. If you’re relying on the country to run and own the database, blockchain offers nothing useful.

In case you don’t know what I mean by “atomic”, I mean that the two operations cannot be done separately

Yes, it’s a very standard property that most databases have, along with consistency, isolation and durability. So-called ACID. Again, this isn’t some magical “blockchain” thing, this is a basic database feature.

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- jungle@lemmy.world ⁨1⁩ ⁨year⁩ ago
  You truly made an effort to ignore everything I wrote. Well done, I guess.
  
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  - merc@sh.itjust.works ⁨1⁩ ⁨year⁩ ago
    You had nothing to say.
    
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