this post was submitted on 02 Jun 2025
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[–] Rentlar@lemmy.ca 67 points 1 week ago (5 children)

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.

[–] TheLowestStone@lemmy.world 54 points 1 week ago (1 children)

Wait just a second! You have a bridge for sale? Tell me more.

[–] stoy@lemmy.zip 17 points 1 week ago (2 children)

Well first of all, it allows travel between point A and point B, usually above the ground

[–] TheLowestStone@lemmy.world 14 points 1 week ago

I'm in! Name your price.

[–] WraithGear@lemmy.world 3 points 1 week ago (2 children)

And time travel! But you have to drive real slow for it to work

[–] dubyakay@lemmy.ca 3 points 1 week ago (1 children)

Or you could travel at any speed.

[–] WraithGear@lemmy.world 1 points 1 week ago* (last edited 1 week ago) (1 children)

Well not 299,792,458 meters per second. The time travel effect becomes more effective the slower you are from that

[–] xor@lemmy.dbzer0.com 1 points 1 week ago (1 children)

damn you’re pretentious….
it’s 3*10^8^~m/s~…

[–] WraithGear@lemmy.world 1 points 1 week ago (1 children)

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?

[–] xor@lemmy.dbzer0.com 1 points 1 week ago

🤏🍄↕️↕️↕️💦

[–] Aceticon@lemmy.dbzer0.com 1 points 1 week ago (1 children)

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.

[–] SparroHawc@lemm.ee 1 points 1 week ago (1 children)

at the same rate of time change

Not true! The faster you're moving through space, the slower you're moving through time.

[–] booly@sh.itjust.works 16 points 1 week ago (1 children)

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.

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.

[–] Warehouse@lemmy.ca 8 points 1 week ago

It's kind of like selling a website that redirects to Facebook, and thinking that therefore you own Facebook.

[–] baines@lemmy.cafe 2 points 1 week ago

I mean we use fiat currency

the issue isnt that it is virtual

[–] ryannathans@aussie.zone 1 points 1 week ago (1 children)

The virtual deeds would be great for game licences and trading second hand games online

[–] MotoAsh@lemmy.world 1 points 1 week ago (1 children)

That stuff already works just fine without NFTs or crypto bros.

[–] ryannathans@aussie.zone 1 points 1 week ago

How tf are you trading digital games you've finished

[–] Knock_Knock_Lemmy_In@lemmy.world -2 points 1 week ago (1 children)

There's not much difference between a government run land registry and a decentralized land registry

[–] SparroHawc@lemm.ee 1 points 1 week ago (1 children)

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.