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0 sats \ 1 reply \ @ek 9 Dec \ parent \ on: One year later: so why do people ****coin? bitcoin
It cannot be enforced by a blockchain but a blockchain is something that is immutable and everyone can verify, which are basically the ideal properties of a contract. Existing contracts on paper also don’t enforce anything by themselves. They are backed by legislation and legislation is enforced by men with guns.
Ok then... scenario.
The 'men with guns' overthrow the parliament, government, governing body... and civil war breaks out.
You take your 'real world asset' coin that represents land ownership with you on the "last flight out". You land at your destination safe and sound. Do you still have the land?
No. It is in the hands of the new 'men with guns' and there's nothing you can do about it. The 'real world asset' coin is worthless.
On the other hand... your memorize a Bitcoin private key and take it with you on the 'last flight out' of country.
Can the 'men with guns' in the country you just escaped from take your capital, your property, your Bitcoin remotely?
No they can't.
And that's why 'real world assets' and all the 'crypto' assets associated with it are a complete scam pushed by morons. It's all worthless and goes to zero.
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