The use of land backing is to give stability to the currency. First, you have a large value backing the currency, so it is not just "hot air" or based on future promises which might never be realised - even fiat currencies like the dollar rise and fall due to political and economic vagaries of the US. We even beat fiat currencies in that way. It solves the problem a lot of people have been talking about that crypto has no real value. Now it does.
Second, the land is a stable asset, so it is better for creating a stable-priced currency, it's more secure and safe. Third, the land has always increased in value and over the long term, it is the best asset for storing value (see the white paper Philosophy, there is a study by Oxford University looking at the last 200 years of different asset values). Trust, security, real value, stability. These are some of the core concepts of ReMoneta.
Second, the land is a stable asset, so it is better for creating a stable-priced currency, it's more secure and safe. Third, the land has always increased in value and over the long term, it is the best asset for storing value (see the white paper Philosophy, there is a study by Oxford University looking at the last 200 years of different asset values). Trust, security, real value, stability. These are some of the core concepts of ReMoneta.
How can we check that?Does Remoneta has to own that land or?
