this post was submitted on 02 Jun 2025
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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.
There's not much difference between a government run land registry and a decentralized land registry
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.
The virtual deeds would be great for game licences and trading second hand games online
I mean we use fiat currency
the issue isnt that it is virtual