> "You can sell your house atomically and instantly to anyone in the world with no lawyers or escrow agents. You can pledge it as collateral and borrow against it. You can fractionalize it and sell a portion."
Who enforces seizure when lendee defaults but the lender is "anyone in the world"?
1. when you're living in armageddon and/or under an authoritative regime and/or need an exit from fiat for wte reason. not saying it's easy to exit into it, but it's there
2. to create a recursive never-ending loop of collateralized lending. to trade tokens in order to create tokens that can then be traded for other tokens used to collateralize lending for a different set of tokens
for anything else, there are better and more efficient solutions.
Curious question: we used to think the earth was flat because our measuring devices weren't sophisticated enough to identify the curvature of the earth. The range at which those devices could measure wasn't enough.
In this video, Brian Keating talks about how we know the universe is flat because we can measure the angles between objects that form a triangle, and those angles come out to be 180deg which is evidence of a flat universe.
How do we know our measuring devices now are sophisticated enough at scale to accurately determine this? Doesn't this feel reminiscent of the flat earth measurements?
that's what i was thinking too. we've known this from neuroscience for a while. i at least remember learning this from at least 5 or more years ago. the general idea being that forgetting is an evolutionary advantage to help consume less conscious memory/processing. but there's always the chance that i'm misinterpreting this particular finding.
edit: was going to add another comment, but i've forgotten it now. something about how this is related to what neuroplasticity is. the brain getting rid of connections that aren't being used
Who enforces seizure when lendee defaults but the lender is "anyone in the world"?