Over time, I’m open to it. But right now, it’s a farfetched grandiose idea.

Bitcoin is largely the only real and/or practical application right now. Everything else is snakeoil to me. And I’ll explain.
The thing about asset ownership such as real estate for example is that it exists exclusively in the physical world and adheres to the physical world’s laws and security principles.

Let’s say you have a tokenized deed on some decentralized ledger, then what?
Who is going to honor this deed? Surely someone needs to provide the *physical security* framework to honor and reflect the tokenized deed, ie. the state.

If you are dependent on a centralized body for security, then it’s a pointless venture to “decentralize” record keeping.
How do you account for regime changes? Government takeovers/coupes? Changes in law/security? Political unrest?

Just because you some private key to some piece of real estate doesn’t mean anything frankly.
On the other hand, money (bitcoin) is entirely an abstract construct and concept. It exclusively exists in the digital world, which is why it works and makes sense to use a ledger.

To continue, Bitcoin itself hasn’t reached real/true decentralization, we are still working on it
If Bitcoin doesn’t work, this entire experiment (blockchain) is largely dead. I don’t think people recognize the amount of work that has gone into it over the last 9 years. Too much shitty marketing and snakeoil that muddies the waters.
I think people would do well in actually exploring and understanding the ideas of decentralization. “Blockchain technology” is largely unexciting.
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