KeithAmmon on Nostr: Is a legal framework required to create an economy where virtual tokens symbolize ...
Is a legal framework required to create an economy where virtual tokens symbolize real-world asset ownership?
For instance, imagine you buy a token that is said to indicate your ownership of a piece of land but later discover that someone else already possesses a conventional legal title to it.
In a scenario with no officially recognized legal system, how might society collectively agree on the validity of the virtual token's ownership representation?
For instance, imagine you buy a token that is said to indicate your ownership of a piece of land but later discover that someone else already possesses a conventional legal title to it.
In a scenario with no officially recognized legal system, how might society collectively agree on the validity of the virtual token's ownership representation?