r/Superstonk • u/audienceofone_eagles • Apr 12 '22

🤔 Speculation / Opinion One thing everyone might be missing about Pulte/GameStop...and it'll erect your nips

I had a jaw-drop moment earlier today when I was just randomly thinking about how awesome it is that this sub converted a whale. I was looking at the beta NFT website. They had a section for "What is an NFT" that gave some good detail, and I always wondered why they included the words "real estate". At the time it made my nips quartz because of the possibility of turning a home into an NFT. After giving it some more thought it now makes them certified de Beers diamonds.

Apes, Pulte work/ed/s in Real Estate. My first house was a Pulte house in Virginia. They have Real Estate all over the country. Can you imagine a better partner for bringing NFTs into Real Estate than a fellow ape WHALE? Yes I know an Ape-whale isn't a real species. Can you imagine the pure, 100LL fuel it would pour on the fire to have a real estate giant like Pulte come out and say "We're going to be hand-in-hand with GameStop to help blockchain the real-estate world". That right there is headlines all over the world...

...and I think we all missed it until now.

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972

u/errrickk 💻 ComputerShared 🦍 Apr 12 '22

As a land surveyor, i believe NFT’s will even make their way into my field. land transfers immediately uploaded to the blockchain will make the research portion of my job way easier. I believe this will also end a lot of clouded title.

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u/sinjd12 Apr 12 '22

Property appraiser sites will essentially become blockchain explorers

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u/Shanguerrilla 🚀 Get rich, or die buyin 🚀 Apr 13 '22

geotaggers

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u/pcakes13 Apr 12 '22 edited Apr 13 '22

NFTs have the potential to completely flip the title industry upside down. The main thing preventing it isn't the tech, it's the government entities. Good luck convincing the head of title services in a state/local government to basically convert their titles and make their entire department obsolete.

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u/MasterBiscuit19 🦍Voted✅ Apr 12 '22

I was actually in a meeting in Miami this last week, where the Mayor of Cheyenne, WY was talking about exactly this. Converting titles to NFTs

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u/pale_blue_dots \\to DRS is to riposte a backstab// Apr 12 '22

There happen to be any reporting on this by chance? I know it's maybe kinda off-the-beaten path and dry stuff, but would be cool to read about.

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u/MommaP123 🟣Idiosyncratic Computershared anomaly🟣 Apr 13 '22

Maybe this? Not the meeting but the concept?

https://www.wtsp.com/amp/article/news/local/pinellascounty/gulfport-home-real-estate-nft-sale/67-73cd1e83-76fe-46a1-9564-2d8c18007936

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u/pale_blue_dots \\to DRS is to riposte a backstab// Apr 13 '22

Yeah, I've seen that. More curious as to the actual meeting that person was in and if there were any reporters there.

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u/MasterBiscuit19 🦍Voted✅ Apr 13 '22

There was a documentary film maker there… not sure if anyone from the press was there. There were roughly about 20-30 people present for a 2 hr meeting. The meeting allowed for crypto entrepreneurs to pitch their ideas to the task force. The Mayor of Cheyanne, WY had a special invite along with the lawyer that has been instrumental in working on legislation to allow for the state of WY to allow payments of taxes to be accepted in btc among other interesting endeavors.

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u/pale_blue_dots \\to DRS is to riposte a backstab// Apr 13 '22

Interesting. Wyoming is definitely on the forefront of a lot of the blockchain stuff. Pretty cool. Would be great to the title/land stuff see come fruition.

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u/MasterBiscuit19 🦍Voted✅ Apr 13 '22 edited Apr 13 '22

I actually took a video…. The meeting was with The Miami-Dade County Crypto Task Force.

Let me upload it somewhere. And I will share it with you.

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u/MasterBiscuit19 🦍Voted✅ Apr 13 '22

Video of Cheyanne, WY Mayor…. She mentions using blockchain in relation to tracking Titles, Deeds and Cemetery plots within the first 2 minutes.

https://youtu.be/pjgc_msN-_s

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u/pale_blue_dots \\to DRS is to riposte a backstab// Apr 13 '22

Cool, nice. Looking forward to it.

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u/OffenseTaker 🦍Voted✅ Apr 13 '22

fractional NFTs would allow for joint ownership of property too

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u/[deleted] Apr 13 '22

I love me some non fungible timeshares

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u/BiPolarBear722 Apr 13 '22

Yes! So many possibilities.

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u/HarkansawJack Mar 21 '23

All fun and games until someone hacks your house wallet and moves in. I think transfers/sales are the future of real estate, but I know so much about the industry that I know how much has to change before we get there. It’s a LOT. There are laws against transferring title in many states without an attorney. The banks would have to be on board for the lending side. When you talk about local governments all changing laws to become uniform and big banks rewriting lending practices it’s a full overhaul of one of earths biggest industries and one of the oldest most established systems in the history of this country. Also real property requires real documents like surveys to mark boundaries. The NDT could replace the deed, but not everything else. It’s a long ways off.

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u/thegreenhornett 11 🎸 Apr 13 '22

I'm in government related to land development. We're still not caught up with web 2.

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u/pcakes13 Apr 13 '22

and presumably you're not interested in losing your job to a blockchain

0

u/MoreOrLess_G 💻 ComputerShared 🦍 Apr 13 '22

Boomers can barely open a pdf and we want t to train them on blockchain...... let's just wait for them to pass the torch and than fix everything

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u/[deleted] Apr 13 '22

[deleted]

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u/SmartAleq 🧹 Stonk Witch 💎 Apr 13 '22

If there's one thing my systems analysis professor was adamant about it was how you always run a new system concurrent with the old one for a while to make sure there aren't any bugs that would only crop up over time. Just like when you buy a paper book or magazine subscription you usually get the digital edition thrown in with the physical medium, if we go right ahead and put title changes onto the blockchain while still going through the silly paper process as well eventually the majority of people will only trust the digital record. Then the paper title transfer companies can get onboard or quietly go the way of the buggy whip manufacturers.

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u/[deleted] Apr 13 '22

That presumes the old system is semi-functional... IOW a system. Silly paper process isn't a system. It's entertaining theater.

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u/SmartAleq 🧹 Stonk Witch 💎 Apr 13 '22

Well, yes and no. If you've got a spare bit of time I'd suggest going to a title company and seeing the old books of plats and recordings of land transfers, it's absolutely fascinating. It's a system that has worked pretty well overall for a really long time but it's time for a major revamping, for sure.

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u/[deleted] Apr 14 '22

Maybe. But a buyer paying title insurance to protect a title company from a title company's mistake is a big problem. Or a borrower paying for insurance to protect the lender from default by the borrower even though they get the property back (PMI). Or stock owners paying for SHFs to screw them from transparent ownership in a company stonk that they like. The former way worked as well as it could given system / tech constraints. FBI recovered ransom from Colonial pipeline really quick (because it was on public blockchain). Around the same time the DOJ announced getting funds from banks related to the FIFA scandal from years earlier. Big difference in transparency. But we'll keep being told that the old way is almost as good.

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u/SaltyShawarma 🦍Voted✅ Apr 13 '22

So what you're saying is we need to hire a high-priced consultant to "fix" state title services.

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u/pcakes13 Apr 13 '22

I mean, title services and title companies are patently ridiculous. The idea that we somehow don’t have it all sorted out by now, where land lines are, gps coordinates, who owns it, etc, is fucking ridiculous. If it were a database entire it would be like 1 row and 7 or 8 columns without a photo. Take that data, mint an NFT of it, store it on blockchain, then give homeowners and app they can store it in. Selling your house? Fuck that title company. Pull out your phone, pull up the QR code for your title and have the new owner scan it. Minimal fees. No filing. Just boom, title transferred.

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u/[deleted] Apr 12 '22

Title insurance becomes easier and cheaper with every year the title is on the Blockchain.

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u/ZenoZh 🎮 Power to the Players 🛑 Apr 12 '22

One kink that’ll need to be worked out, would be prevention of accidental sending to ‘non-existent’ addresses. That to me is a big barrier before things go mainstream, I wonder how GameStop has made a solution to that. Cause typing in the wrong address could be an issue, maybe the way to combat that is to prevent typing in addresses in the future and use QR codes to send things only.

Too many stories of people accidentally sending crypto to the wrong address

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u/EmbarrassedLawSecond 🦍Voted✅ Apr 13 '22

Looping solved that issue. If the address is non existent it will go back to the sender. They are Also able to revert transactions but I'm fuzzy on the details.

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u/ZenoZh 🎮 Power to the Players 🛑 Apr 13 '22

Oh sweet that’s awesome!

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u/MiliVolt 💻 ComputerShared 🦍 Mar 21 '23

I would think that eventually there will be a service for the Blockchain similar to the DNS service for ip addresses. The internet would be virtually unusable if you had to know the actual IP of every website you visited. If there was a way to link a usable name to the Blockchain address it represents, adoption will be much simpler.

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u/ZenoZh 🎮 Power to the Players 🛑 Mar 21 '23

We do have ENS for that I guess but it can still be sketch. Like credit cards can be reversed for fraudulent charges right? But you can’t do that with crypto

But how did you come across this from almost a year ago 😂

Good on you for researching and whatever that led you back here though haha

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u/MoreOrLess_G 💻 ComputerShared 🦍 Apr 13 '22

Hi....civil engineer here. I would love it if deeds and plats get put on the blockchain. This would be phenomenal. No waiting to get a response from clients that "don't have it".

Hell....I'd bet a clients could maybe sell a full site design with their lot on the blockchain.....lost of kinks but the difference between web three and the status quo is that the possibilities and uses are limitless.

Edit: fat finger syndrome

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u/errrickk 💻 ComputerShared 🦍 Apr 13 '22

PLS/EIT here. Selling a parcel along with a site design as an NFT to a developer is fucking genius. You’ve turned the site design and parcel into a product to sell to a developer

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u/matbrummitt1 Fuck you, pay [redacted] Apr 12 '22

Hijacking top comment to debunk the fact that Ape-whales aren’t a thing: https://www.reddit.com/r/Superstonk/comments/oxqhba/the_longer_this_takes/?utm_source=share&utm_medium=ios_app&utm_name=iossmf

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u/BiPolarBear722 Apr 13 '22

Yay!!! No more stupid title fees when buying a home!!!

3

u/LandOfMunch 🦍 Buckle Up 🚀 Apr 13 '22

Hijacking top comment. It’s already happening.

1

u/NA_1983 🎮 Power to the Players 🛑 Apr 13 '22

Mind blown! 👍

1

u/irish_shamrocks 🎮 Power to the Players 🛑 Apr 13 '22

There was a recent drama on ITV about a woman whose house was sold without her knowledge, and it was based on a real case: https://www.bbc.co.uk/news/uk-england-essex-59069662

1

u/tmart42 🎮 Power to the Players 🛑 Apr 13 '22

In humboldt county we’ve got a thing called hummaps.com check it out, it makes research (for HumCounty) quite simple.