yuga.eth
@yuga
For Real World Assets (e.g. Real Estate) to come on-chain (e.g. as NFTs), there needs to be a way of linking the physical to the digital object in a trustless way. This seems impossible. Who is tackling this and what are the solutions?
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Ben Scharfstein
@scharf
Why does it need to be trustless? Could come on chain in a trusted way and enforced by real world courts and contracts. Wouldn’t get all the benefits of trustless assets but could still get some.
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yuga.eth
@yuga
Because I’m assuming we want to build a decentralized financial system, not one that is dependent on enforcement by existing centralized sovereigns
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Ben Scharfstein
@scharf
I think trustlessness and decentralization are slightly different. USDC is not trustless but it's traded on decentralized rails and is an improvement over wire/ach transfers. People may have problems with USDC but it's not a strict requirement to be trustless to be on-chain.
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Ben Scharfstein
@scharf
You may still prefer decentralized and trustless over decentralized and trusted but as you said, it might be impossible for physical to digital assets.
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ted (not lasso)
@ted
FC is a "sufficiently decentralized" social network and seems to work incredibly well — can the same principles apply to DeFi? examples: USDC and @cassie's "trusted issuer" cast or, @yuga @aman, do you think that RWAs need to be fully decentralized to be meaningful on-chain?
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