Quote from: BitDreams on May 01, 2014, 11:03:52 PM

He'll get it after a while I suppose. Rand, if you happen across this consider if the MERS mortgage title company had utilized the block chain to track ownership - for a legislator, that should be enough to get them thinking correctly.

For those who don't know, MERS was the unregulated organization that banks created to 1. forge signatures on mortgage docs 2. trade these documents bypassing local municipalities, in effect, stealing doc fees at the local level 3. double spend! there are cases of mortgages being held / claimed by multiple lenders... and other problems with that corrupt data base (MERS).

MERS scandal that could have been avoided with the bitcoin protocol: http://deadlyclear.wordpress.com/2013/08/20/wall-streets-mortgage-fraud-scandal-you-can-have-a-house-that-is-fully-paid-for-and-still-end-up-in-foreclosure/

"Wall Streets Mortgage Fraud Scandal. 'You can have a house that is fully paid for and still end up in foreclosure

Rand, what's the value of bitcoin now?

This is the intriguing part of BTC. What will be able to plug into the block chain for authentication purposes? How does that affect future transaction fees as miners make less BTC rewards and want to be compensated for authenticating transactions? Will future price of BTC offset that?