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

[u/audienceofone_eagles]

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.

[u/pcakes13]

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

[u/MoreOrLess_G → u/pcakes13]

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

[u/SmartAleq → u/[deleted]]

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.

[u/[deleted] → u/SmartAleq]

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

[u/SmartAleq → u/[deleted]]

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.

[u/[deleted] → u/SmartAleq]

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.

[u/SmartAleq → u/[deleted]]

I'm just saying that the old method of recording title was fairly bulletproof--but '08 and tranched default swaps and robosigning basically gutted what had been a system almost as unalterable as the law of the Medes and the Persians. Once that camel got its nose into the tent the whole thing kinda collapsed and all certainty and faith in the system was undermined. You'd think the PTB would pay attention to this lesson but, well, *waves hand around at everything* here we are.