Your Ownership Shouldn’t Depend On a Server That Can Burn Down

Blockchain removes middlemen and replaces them with math, math code, and transparency. People can exchange value directly peer-to-peer. So the best hypothetical explanation of this is, let's say hypothetically, there, there is a— I don't know what the building's called, but in every city there's a place where all the deeds— there's a record of all the deeds of who owns the houses within that city. Like, these are deeds. Everybody knows what a deed is. A deed basically gives you ownership over a house. So there's a centralized control of that. Let's say hypothetically I went to the person that worked there. I'm like, look, bro, transfer ownership of that deed to me and I'll pay you 50 grand right now, right? And let's say this person doesn't want to work there and they found a way to like finesse it. This is a centralized point of control, right? Here's another one. Let's say that building burns down. Now we don't know who's— we don't know like who owns what house. When people are like, oh, but the That's not true the way— that's not how it works now. Well, that's kind of how it works because right now there's a lot of centralized databases. If everybody— no one knows what a database is, database is like, imagine a big warehouse filled with massive amounts of computers. If that warehouse breaks down and burns down, there's a lot of data that's lost similar to the way I just explained the physical paper deeds. So the way that Web 2.0 works right now, the reason why it's so inefficient is because of centralized control.