Sort of except it means nothing. It’s like having a deed with absolutely no legal weight.
If I buy a microwave and try and return it with only the receipt they won’t give me a refund because I only bought the receipt. I could sell the receipt, sure it says you bought it but I am keeping the microwave.
so a deed to a house only proves that you bought a piece of paper, right?
Sort of except it means nothing. It’s like having a deed with absolutely no legal weight.
If I buy a microwave and try and return it with only the receipt they won’t give me a refund because I only bought the receipt. I could sell the receipt, sure it says you bought it but I am keeping the microwave.
If the deed was scribbled with crayons by a hobo and the house would be imaginary. That would be comparable to NFTs.