this post was submitted on 02 Jun 2025
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The certificate/signature part seems okay for verification.
It's the transferable virtual deeds being sold that are the scam. I could sell you a virtual deed to the Golden Gate Bridge right now, you could buy it but it doesn't really mean anything.
Wait just a second! You have a bridge for sale? Tell me more.
Well first of all, it allows travel between point A and point B, usually above the ground
I'm in! Name your price.
And time travel! But you have to drive real slow for it to work
Or you could travel at any speed.
Well not 299,792,458 meters per second. The time travel effect becomes more effective the slower you are from that
Did, did you follow me here from an argument you lost, call me pretentious, on a time travel joke, and attempt to correct my measurements on the speed of light with which can only be a grossly over simplified and wrong result for the speed of light?
Oh my god, that is precious! I’m saving this one. So did you want to ruin everyone else’s vibe here and get to answering for your self from that other thread? Or like take the L and move on?
Joke's on you: I constantly time travel for free!
Granted, it's always in the same direction and at the same rate of time change, but no fancy bridges are required.
Not true! The faster you're moving through space, the slower you're moving through time.
Good point!
Yeah, that's possibly the most famous scam in history (people selling deeds to the Brooklyn Bridge), enough to where "I've got a bridge to sell you" is a figure of speech for calling someone gullible or naive.
And then despite the world knowing about the Brooklyn Bridge scam, the cryptobros actually went and found a bunch of suckers to fall for the exact same scam, only with blockchains instead of notary seals.
It's kind of like selling a website that redirects to Facebook, and thinking that therefore you own Facebook.
I mean we use fiat currency
the issue isnt that it is virtual
The virtual deeds would be great for game licences and trading second hand games online
That stuff already works just fine without NFTs or crypto bros.
How tf are you trading digital games you've finished
There's not much difference between a government run land registry and a decentralized land registry
except that the government run land registry can deal with disputes in a flexible and fair manner. A blockchain with smart contracts cannot.
Enforcement of ownership must be off chain. You can still have a disputes procedure using blockchain.
What a smart contract registry allows is efficient notarisation of non-disputed ownership, which is 95% of the work.