Bitcoin is the hardest and healthiest form of money that humanity has ever had. It can help people avoid having to use land or real estate just to preserve value. In the traditional fiat system, holding fiat currencies (like euros or dollars) leads to a loss of value due to inflation , every year, the value of your savings decreases. Because of this, people often turn to real estate or land as a way to protect their capital from inflation, since those assets can appreciate in value over time.
Bitcoin helps by making it so you no longer have to buy land or houses just to preserve the value of your money.You no longer need dozens of houses and land , you can own just the one you live in and use.If you save in Bitcoin, your wealth is in Bitcoin,not in houses, land, or gold. This way, you can move more easily and leave the country if wars,or a totalitarian and oppressive regime arise You can avoid problems and continue your life in another country, bringing your entire savings with you.
But if these records were stored on the blockchain, they couldn’t be erased. The ownership would still be visible and verifiable, making it harder for anyone else to claim the land. I think it’s possible, but I’m not an expert, so I’m wondering how it could actually be implemented in practice and if courts would even accept it. Does anyone here think that’s realistic?
Blockchain is a very old technology, but its true use is only in Bitcoin as sound money, and only with the Proof of Work (PoW) mechanism. Without Bitcoin and PoW, blockchain is just a decentralized slow database that doesn’t make much sense.