Comment on Hackers steal NFTs worth millions. In other news, NFTs worth millions.
silverbax@lemmy.world 6 months agoTickets, yes, door keys, no.
Comment on Hackers steal NFTs worth millions. In other news, NFTs worth millions.
silverbax@lemmy.world 6 months agoTickets, yes, door keys, no.
shortwavesurfer@monero.town 6 months ago
Besides the obvious of your door lock needing to be connected to the internet, and that could be a problem, what else do you see as being an issue with using it for door keys?
logan_berries@lemmy.world 6 months ago
Another question is: why would you need it for a key?
Long-established public/private keys and signatures are used in this way all the time to control access to servers around the world. No blockchain needed. Blockchain is helpful when we all need to agree on a series of events.
Homes are a nice example of where you can have an isolated system which knows what it needs to about you (e.g. a public key) without sharing or cross-checking anything with the world.
shortwavesurfer@monero.town 6 months ago
The chain would be used to establish who owns the home.
DerisionConsulting@lemmy.ca 6 months ago
That sounds more like a land registry system, than a key.
logan_berries@lemmy.world 6 months ago
That isn’t required for a key. What if I want to let my family member access the house tomorrow while I’m out? Do I have to sell it to them?
The key/lock relationship is not connected to ownership. Ownership could be connected to the ability to issue new keys, but even then the ownership doesn’t need to be logged in a blockchain for that - it can simply be signed by a key held by the land registry.
If you want to make an argument for using blockchains for the land registry then… go ahead, but it’s another discussion with a whole different set of arguments.
ReplicatedSoda@startrek.website 6 months ago
Just like the NFTs in the article! Great idea
Lol
bahbah23@lemmy.world 6 months ago
How exactly would that work? Keep in mind that the blockchain is by necessity not secret.
shortwavesurfer@monero.town 6 months ago
Right, but all the lock is doing is checking whether you own the NFT or not. If your house was in NFT, people could see that you bought a house, but not where it was as long as it was generic like house #40000
Tar_alcaran@sh.itjust.works 6 months ago
So, you’d need a method to verify who “you” are. And once again we’ve come up with a way to use NFTs that actually works better without NFTs.
stoy@lemmy.zip 6 months ago
How would that work in reality, how would the lock know that the NFT in question is the actual legal ownership of the house?
The only way to guarantee that is to change the law that deeds of houses can only be an NFT.
Otherwise someone could sell a house on paper, but retain the NFT to have access to the house.
An NFT lock would also have the following problems, excluding the trust of ownership in the real world.
Power to the lock is required, if your backup battery is dead then you might be locked out during a power cut.
Internet access is required, during a powercut your router will probably die as well, so even if a battery backup is working, you’d still be locked out.
Your ISP could have service interruptions, no internet, no access to the latest blockchain updates, meaning that the lock can’t trust that you actually have ownership/access, that would be an insanely easy way to hack the lock.