Quote:
Originally Posted by Neil McCauley
This is true, however you cant lose real estate just because you forgot a password.
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Also, refer to the "property rights" note.
Globally, you can lose your real estate at no fault of your own through war and politics. In the US if you're "found" to have generated funds through illicit means your assets are seized. It can be difficult to find info on nation-state human rights violations, but Argentina has forcibly seized their citizens properties on numerous occasions. Bitcoin solves properties rights with blockchain, you can program bitcoin with the title to your property so that ownership is publicly verifiable. That title only needs to be a satoshi worth too, so you're talking about like a penny in monetary value, but also the title to your home. In the US the biggest lobbying groups are in real estate, so there is massive opposition to progress developing with that regard.