Securing Property with Owner Authority

Bitcoin is the first truly decentralized registry for property ownership. The first application of which is value in its most abstract form, money.  But how can we extend this to physical property and titles outside of political institutions?  Who better to explore the topic with than Nick Szabo (@nickszabo4)? “Securing Property Titles with Owner Authority.”

Check out other detailed work on this concept and more with the excellent collection of literature at the Nakamoto Institute:
https://nakamotoinstitute.org/secure-property-titles/#selection-7.7-7.50

Video with Peter Wuille referenced in the commentary:
https://www.youtube.com/watch?v=YSUVRj8iznU

My own article referenced in the commentary:
https://medium.com/@thecryptoconomy/7-misunderstandings-of-bitcoins-scaling-problem-c5142e938a68

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The Dawn of Trustworthy Computing

It’s actually the protocol (Nakamoto consensus, which is highly distributed) combined with strong cryptography, rather than just decentralization per se, that is the source of the far higher reliability and and much lower vulnerability of block chains.” @NickSzabo4

Check out Szabo’s incredible blog, Unenumerated, at:
https://unenumerated.blogspot.com/2014/12/the-dawn-of-trustworthy-computing.html

 

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Trusted Third Parties are Security Holes

If you are curious of the foundations of thought that ultimately led to the creation of the Bitcoin system, Nick Szabo is absolutely the one to read.  Listen to Szabo’s “Trusted Third Parties and Security Holes” from 2001 @nakamotoinstitute

Check out the full article and other works at the nakamoto institute as well as to explore the links to dig deeper into the discussion:
https://nakamotoinstitute.org/trusted-third-parties/