> Imagine the U.S government started incorporating this global ledger to account for home ownership — automatically, they have a reputable brand. Since the code itself is out in public, it can be trusted and audited. Take this idea further and imagine the UN starts to keep track of land ownership for the entire world! Same deal — brand and trust, both satisfied.

Where to even begin with this idea? First of all, many local governments in the U.S. already have public databases of who owns what land. This is a problem that can be solved with a SQLite database, it doesn't need a blockchain.

Second, controlling access to individual pieces of land through ownership is a fundamental function of capitalist states. It's even more important than coining money. Why would a government delegate that to the UN? What would the benefit be? If a state can't effectively control access to land, that's an existential threat and not something the UN's "brand" can solve for you. The potential downsides are huge for everyone involved - sorting out disputed ownership or inheritance now requires a call to Brussels or Luxembourg?

If this is supposed to be a reason why NFTs are useful rather than stupid, I still feel like I'm not getting it. That isn't to say there couldn't be valuable use cases out there.