Real estate backed cryptocurrency | Bitcointalksearch.org

afk891

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Quote from: neurotypical on October 24, 2017, 11:02:00 AM

Quote from: sky24 on October 23, 2017, 09:13:28 AM

What do you guys think about real estate backed cryptocurrencies ? Looking into them I feel like they are a stable investment with potentially great returns

they are stable investment if they can promised to deliver their roadmaps. have you seen aqwire? their currently doing their ico

thycrypto

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Its just that the price of coins would drop or go higher and then it wouldn't make sense. Unless it was something set or changed about the coin then it would. But what happenes if you buy a house with .02 of a coin and it gets to $4. How does that work?

Volant

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I'm currently invested in REAL. Dropped in price since ICO but I'm hoping they can keep to their roadmap and show some results in the coming months.

KingScorpio

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Quote from: sky24 on October 23, 2017, 09:13:28 AM

What do you guys think about real estate backed cryptocurrencies ? Looking into them I feel like they are a stable investment with potentially great returns

c-pro is a real estate backed cryptocurrency

our concept is powered by sources

regards

Opnsrc

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In principle, it is very good when the currency goes to the future and even real estate can be bought for electronic money. Yes, thanks to such a jump up, we can very quickly remain without a paper currency. And here already there are pluses and minuses. Of course, I would like to see only the good side of these procedures.

But hackers can be dangerous!

neurotypical

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Quote from: sky24 on October 23, 2017, 09:13:28 AM

What do you guys think about real estate backed cryptocurrencies ? Looking into them I feel like they are a stable investment with potentially great returns

It would end up in the paradox that you are practically creating a coin that is backed by government, because real estate is always backed by government, unless you are buying it somewhere in some unknown island, but I think even unclaimed territory ultimately is controlled by big government groups. For example, you cannot go into an island and create your own rights that go against human rights because you will end up getting kicked out (and rightfully so, imagine some psychos going into an island to make crimes legal).

My theory is that all real estate is backed to government, so if the government doesn't like your coin being backed by real estate, you may have problems.

Being able to buy real estate with bitcoin is not the same as it being backed by real estate, it just means it's backed by the government whose allows you to buy real estate a particular place.

ValoremFoundation

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Valorem Foundation

https://news.bitcoin.com/3000-bitcoin-mansion-sale-russia-hindered-lack-regulation/

sky24

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Quote from: joefdavid on October 23, 2017, 10:18:08 AM

I think it is the right way forward, especially with smart contracts etc making it possible. There a few ICO's already out there for this type of thing but the one I like the most is propthereum.io , done the research of the team and it has good relative experience in the ranks. But as I always say, PLEASE do your own research before investing.

I've read a few whitepapers doing research on upcoming ICO's and theirs really stood out to me. Most of these cryptocurrencies have nothing behind them but propthereum.io are an asset backed cryptocurrency with potentially great coin appreciation. Definitely one to get in on early and watch!

BlindMelon

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I guess it'll be more difficult to begin with as trying to find buyers that want the property as well as having a shit tonne of BTC will be rare. However, it is a great idea - I like. Just going to need time and exposure. It could really propel BTC in general

cryptoking710

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yes if the crypto currency bought property and paid coin holder a portion of the rentals leaving enough available to purchase new properties to rent thus increasing coin price too.

Great idea!!

ValoremFoundation

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Valorem Foundation

Instead of just backing Real Estate, crypto should be created to "back everything." Shocked

TimtheYoutuber

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www.positivebetting.com

The idea of creating a token to raise funds, doesn't make much sense. I wouldn't invest in any coins out right now that are "backed" by real estate. they have absolutely no utility.

Buying real estate with crypto is a totally different topic

J. Cooper

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Alea iacta est

Whay do you mean by real estate backed by cryptocurrency? Do you mean buying real estate with crypto? If yes than I agree with you that it's a stable investment but I believe it's a lot better to just hold on to your bitcoins because bitcoin is quite frankly still relatively far from it's full potential right now.

ValoremFoundation

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Valorem Foundation

https://www.sec.gov/news/press-release/2017-185-0

Also, a REIT is a security. Pretty simple. Google Howie test.

NoiseBoy

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Sound. Fury. Signifying.

Tokenizing what is basically a REIT sounds like a good way to run into serious problems with securities laws. You're better off just buying a traditional REIT the old fashioned way if exposure to real estate markets is what you want.

vaughn125

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Quote from: sky24 on October 23, 2017, 09:13:28 AM

What do you guys think about real estate backed cryptocurrencies ? Looking into them I feel like they are a stable investment with potentially great returns

Hmm... This actually sounds like a great idea. But I'm kind of skeptical about this. Yes, a crypto currency that is backed by real estate is quite appealing and assuring. Because there is physical value included. The thing is, we all know that the government and bitcoins aren't really friends, which can really make thungs messy i think. Plus the way i see it, bamks may do some sht about this or maybe not, because they can still have profit, but still. We'll never know. So i think real estate and crypto currency ain't a good tandem.

DaddyMonsi

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Quote from: sky24 on October 23, 2017, 09:13:28 AM

What do you guys think about real estate backed cryptocurrencies ? Looking into them I feel like they are a stable investment with potentially great returns

I have heard of a cryptocurrency backed by spot price of Gold (DinarDirham) but a crytocurrency backed by a real estate is quite interesting. Real estate property appreciates too specially if its in a prime location, meaning value is good but once the real estate property is developed, there will be period of time that the value of the property is good.

thycrypto

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I actually just saw an atricle of someone selling their home for a couple million in London but it can only be purchased with bitcoin.

warrior333

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I do not believe that these projects will be implemented. If OP meant the acquisition of real estate it will be very difficult to sell the cryptocurrency for transactions and to prove the lawful origin of these funds. If OP was referring to paying with cryptocurrency for rent that is already there but very little demand. Do not forget that only 1% of the population knows what bitcoin is. What altcoins knows even less people.

Rashid555

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yes it is true we can say that real estate is backed by crypto currencies and i think it will be very profitable investment and reasonable for many people. in the previous time people were using paper money and after that credit cards come in to the market now the trend is changed and people are willing to sale and purchase in the crypto currencies and they are happy with this.

Topic: Real estate backed cryptocurrency (Read 681 times)