House Block Chain

Warning:  Do not read this!

It may be hazardous to your brain.  After I am done and examine it later I am sure that there will be much dead end dumb thinking emerge.  That however is the purpose of the exercise in exploration.

It is a struggle with words that attempt to frame a House in the Bitcoin block chain model.  It is my mental meandering trying to grasp a concept.  Thoughts expressed here may or may not be true.  I am simply attempting to establish a valid block chain of thought.  Some branches may go out into the wild blue yonder or to hell.  Its a journey to discover which ones go where.  What follows might just be getting lost going in circles. 

It uses a single house analogous to the zero Bitcoin block and explodes that out to all the subsequent transactions and associated owners of that original block.  It establishes an validated ownership chain over time of divisible Pieces of that original house.  Those pieces are scattered to the winds but all traceable and may all come back at some time to a single owner of all the pieces.  All the divided pieces may be worth in terms of monetary unit value at any given time is variable.  Whatever they are worth is risk/reward to the owner of the piece.  The total value of all pieces of ownership at any given time cannot exceed the assessed value of the house.

The house block chain would show entities that have a primary financial interest stake in the asset value of the house in a chain back to the origin. 

MERS really screwed up ownership and enabled fraud on a grand scale.  Proof of ownership has to be an absolute system.  Ownership of whatever has been sliced and diced financially all related to an underlying value and risk/reward related to change in value.  Who holds the good or bad end of the stick when the music stops and was the game fair?

I am a dreamer that thinks that things that start well end well if the basic good premise on which they were founded is followed.  Bitcoin originally started with 1 but was changed to zero block.  That's deep!

Bitcoin started with a Zero Block.  Called the Genesis Block.  50 bitcoins.  All Bitcoins are traceable descendents of that block.  Like Genealogy back to Adam and Eve.

There is an elegant beauty to structures that start from a single thing and grow.  An acorn to an oak tree.  A zygote to an embryo.  Also in the inverse of the structure:  From many comes one.  E Pluribus Unum.

From one comes many and from many comes one is the expression of a very solid conceptual structure that can be seen in our physical world as well as the conceptual worlds we create.  Religion is full of implementations of this concept.  Social systems are full of the concept.  It is a rock of an idea to build on.  A church or a political system.  A social system like money.  It is like the source where it all began and validates the truth and structure of everything that follow if the source was true.  If false things follow then the nature of the true structure provides a base line to judge the false as untrue.  Kind of a logic thing I suppose.

Whatever.  Start with a well defined true base and the probability is that what results will be true and good.  True and good enough to dominate and correct and branches of the good thing that go bad.  Simply abandon them and they will not grow anymore.  Does that sound like block chain?

Yes.  Absolutely.  True.

Affirmation. Degree. Fact.

Excellent words to build anything on.  Like my Moral Compass, if you ever get lost just go back to the start, or as far back as necessary to see where you took the branch that was either not true to conceptual base (definition of fraud) or there was a better branch to follow.

I like systems where the unique and absolute and exclusive one to one relationship of object to object is where it all starts.  The objects may be any combination of real and conceptual.

A house is a good place to start.  We all started there.  Except for the homeless we all live in one and call it home, a dwelling.  Where our heart is.  Maybe the woods or a cave.

The Bitcoin block chain is a value container that extends itself from the zero block as it grows over time.  The value is variable at any point in time.  A single owner of Bitcoin has the total value of Bitcoin held spread over as many accounts as they choose to have.  The total is the sum of the accounts.

When a house is built it is born and has a value.  It becomes an underlaying asset for distribution of its value to many owners of that value.  Value being whatever it is defined to be or believed to be.  What anchors all consideration of value?  Something for sure.  It could be fraud.  A house could be worth what anyone would pay.  Some tax assessments are based on that idea.  It depends on a sale or a comparable sale to determine the value.  Market price.  Price on the market.

If the house is sold who does the money go to?  It goes to one or to many.  It all depends.  A house is not sold at a single point in time, it is really being sold all the time.  It is being sold to the buyer with every loan repayment of principal and interest the buyer makes. To whom that payment goes is at the discretionary sale of the receiver of the payment and the rights they may have sold to claims on the payment. 

Independent of the original sales price and payments on a mortgage the house has a current market value.  The "right now" value of the house.  Whatever that value might be is variable and is "owned" by many that have some kind of legitimate claim on the value.  The housing bubble was a great change in value.  That total value was leveraged out to more holders of the value than the house was worth and the holders of that value insured themselves that they would not lose the value of their holdings if the value of the house in terms of pooled loans declined because loans were defaulted.

Loans were defaulted and there was not enough money to pay the insurance so it had to be created.  It was called bailout.

A pool is a way to anonymize something.  If there was a water meter on a pipe of water flowing into a pool it would record each gallon.  If I owned that gallon because I bought it in a transaction then I would have a claim on a single gallon in the pool.  The transaction is proof of that.  I can sell that gallon to anyone with another transaction.  The new transaction number is valid because the old transaction was valid.  Some did not have to buy a gallon going into the pool, they created it and therefore owned it.

If everyone with part ownership of all the gallons in the pool were to take out their gallons then there would not be a drop left in the pool.

The kicker is that the volume of a gallon in the pool is always changing but the fact remains: A gallon is a gallon is a gallon and that is all that is sold or bought.  The value magnitude of the gallon at the time it comes to buy something is what changes.  All gallons are of equal value at any given time.  The total pool capacity is 21 billion gallons.  Each gallon is divisible down to a drop.