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scosman
on Nov 1, 2021
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Man left shocked as his house is 'stolen'
Imagine if we really did tokenization of assets? This type of fraud would be much easier (steal password vs months long identity theft), and impossible to reverse.
nootropicat
on Nov 1, 2021
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Easier? It would become borderline impossible. How exactly do you steal the seed for a hardware wallet? How do you even know where it's stored?
iso1631
on Nov 1, 2021
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parent
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You steal the wallet, you own the house. You lose the wallet, you no longer own the house.
nootropicat
on Nov 2, 2021
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root
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The wallet has a pin code and it erases itself after 3 failed attempts.
It would be a great improvement in security.
pas
on Nov 2, 2021
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root
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So what happens when the owner wants to sell it, but forgets the PIN?
nootropicat
on Nov 2, 2021
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root
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parent
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He recovers the wallet from a seed stored in safe place.
iso1631
on Nov 2, 2021
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root
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parent
[–]
And how does he prove he's the owner to get into that safe space?
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