An NFT representing ownership of farmland is, frankly, absurd.
If I own farmland and lose my private key (or screw up a smart contract and lock it away forever, etc), should that land never be farmed again?
If a river moves and boundaries must change but the NFT isn’t aware of this, what happens?
If someone with guns takes my land, who cares about my NFT?
Maybe technology can help create a system where transactions really happen on a common-carrier basis and can’t be censored without censorship being documentable and illegal. But at the end of the day, ownership of real things isn’t something on chain and is enforced by centralized institutions, and a blockchain won’t change that.
Not to mention that the only thing that actually matters is what's in the government's land title ledger. They're the ones with the guns that enforce (or don't enforce) ownership.
These crypto crazies absolutely crack me up. Can you imagine some dirt poor farmer in the arse end of nowhere confronting the local constabulary that were bribed by their rich neighbour?
"You see here in my wallet how my Landz Titles NFT clearly states that this parcel of land is mine?"
Cue: a bunch of uniformed thugs glance at each other and smirk before proceeding to pummel the life out of the farmer that paid in Bitcoin for a few thousand bits that won't protect him from fists, batons, or bullets.
Some people are so naive and clueless that it's a parody of entitlement.
> Some people are so naive and clueless that it's a parody of entitlement
It's nice to think that one can stand his/her ground and not have to rely on others especially in societies were rugged individualism is a concept.
Reality disagrees with that and has proven throughout history that organized and coordinated groups of people are much more powerful than the sum of their parts.
It's the same with prepers (the crazy political kind), who think that in an apocalyptical world of madness and warlords their 1 family home will not just be sieged down immediately with them either bending the knee or getting killed.
If I own farmland and lose my private key (or screw up a smart contract and lock it away forever, etc), should that land never be farmed again?
If a river moves and boundaries must change but the NFT isn’t aware of this, what happens?
If someone with guns takes my land, who cares about my NFT?
Maybe technology can help create a system where transactions really happen on a common-carrier basis and can’t be censored without censorship being documentable and illegal. But at the end of the day, ownership of real things isn’t something on chain and is enforced by centralized institutions, and a blockchain won’t change that.