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Author Topic: Real estate backed cryptocurrency  (Read 480 times)
TimtheYoutuber
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October 23, 2017, 06:22:35 PM
 #21

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

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ValoremFoundation
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October 23, 2017, 06:40:47 PM
 #22

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

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cryptoking710
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October 23, 2017, 10:00:26 PM
 #23

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!!

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BlindMelon
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October 23, 2017, 10:03:26 PM
 #24

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

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October 24, 2017, 01:01:28 PM
 #25

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!   
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October 24, 2017, 03:30:27 PM
 #26

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

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October 24, 2017, 04:02:00 PM
 #27

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.

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October 30, 2017, 04:41:52 PM
 #28

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!

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October 30, 2017, 04:46:02 PM
 #29

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

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October 30, 2017, 04:52:44 PM
 #30

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.
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November 07, 2017, 06:31:50 PM
 #31

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?

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