Popular news aggregation and discussion website Reddit has changed its terms of service, allowing users to earn, purchase or sell currencies and items that can be cryptographically verified. The change in terms also explicitly outlined a clear separation in the definition of non-tokenized Web 2 virtual goods and tokenized Web 3 virtual goods, with a member of the Reddit product team disclosing plans to sunset the former.
the problem doesn’t even exist unless you take extremely paranoid and terminally libertarian assumptions
Well, things like “How do we make sure the person who claims to own this house actually owns this house” is definitely a real problem. But we’ve already solved that problem in another way. And we’ve spent hundreds of years ironing out all the little kinks in the system.
And the problem with blockchain (and every other ‘disruptive’ technology) is that it goes “Nah, we’re going to throw all those unneeded things out”. That then goes massively wrong, because, surprise, the system isn’t complex for no reason.
“how we determine property ownership” is a solved problem
“how we determine property ownership without central governmental registry and enforcement” is a problem that arises when you want everything solvable without government at all. then it fails and they rely on other enforcers instead, for example giant corporation that grew in the meantime. it’s all very libertarian