How does forced repossession of property work? You didn't pay your bills. The only asset you have is the land. Court authorized giving it up in a lawsuit. I don't know. Either way, there must be some way to enforced transfers without voluntarily relying on the person.
And who's managing the keys? The land owner? What happens if they lose them? What happens if they die prior to transferring property?
planish@sh.itjust.works 1 year ago
Tying keys to natural people is indeed an unsolved problem.
The system can be designed to recognize more people than just the current owner as authorized to do a transfer. You could do the whole tax record tracking in the same system, to ensure that property can be seized for back taxes exactly when back taxes are owed.
pjhenry1216@kbin.social 1 year ago
Then it has the same weaknesses you pointed out in a centralized system, except it's less efficient and uses more power...