It's ok if you don't have experience with real estate transactions in the US and Europe. I'm happy to explain a bit to you. A title company's role goes far beyond a financial intermediary. A mass adoption of BitCoin will not change the fact that you can not simply give money to a person and get real estate in return. How do you know what you're getting?
The role as a financial intermediary in a real estate transaction isn't a title company's primary role and isn't at all the point.
How do you know that you're getting what the seller says when you send him money for the property? How do you know you aren't paying 5000BTC for a property with $6Mil USD liens against it. How do you know that all prior owner liens have been properly cleared and won't be your liability (happens all the time). How do you know that a guy posting in a forum is the owner at all?
Title companies don't earn any profit from interest or anything else from buyers or sellers. In fact, this is illegal. The money intermediary part if the transaction is an operating loss for a title company.
I agree with you, escrows will go away with BitCoin transfers, good riddance. But if you send someone BitCoin or any other currency for real estate and think you own it just like that and no one will get defrauded, you're dreaming.
There are some necessary controls in place in our world that work to protect people. I'm obviously a believer in BitCoin and looking forward to introducing new ways for the general public to be able to "on ramp" into the BitCoin ecosystem.
Without title companies accepting BitCoin, no one will really be able to buy real estate using BTC, that's a fact.
Stay tuned for more details...