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rustyshackleford  ·  1254 days ago  ·  link  ·    ·  parent  ·  post: Blockchain, the amazing solution for almost nothing

Sure, but what's the motivation for anyone to use the blockchain? It effectively becomes just a new-fangled version of sending in your warranty card to Sears. Why would every owner of every widget-you-want-to-track in the world register their widget with the central blockchain managed by that company? why would everybody who owns a particular brand of a particular item agree to start using a particular app to register their purchases, sales, trades, and loans? Why would every retailer agree to report their sales to the same central registrar? And if you're talking about wildly expensive items, why would every rich person in the world want to make their assets publicly searchable and indexable?

What you're talking about isn't impossible, it just doesn't make any sense for people to take part in. If me and a buddy want to trade watches, or I want to give something expensive to a relative, you're telling me that I'm expected to report that home to the manufacturer? Fuck no. Hell no. Not on your goddamn life. If anything, the scenario you're describing is simply an incentive to not use blockchain at all because as soon as you start using blockchain-connected services, there's a possibility that you will, through no fault of your own, be accused of counterfeiting, theft, or forgery. You could be going about your business and suddenly something you own and love loses all value and becomes a crime.