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?
22 replies
0 recast
0 reaction
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.
1 reply
0 recast
0 reaction
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
1 reply
0 recast
0 reaction
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.
2 replies
0 recast
0 reaction
