yeah, this has been PR-pushed to all sorts of papers
the blockchain is immutable, which is why the pitch for real estate on the blockchain remains unchanged since 2015
I've heard of these schemes before. As you say it's like a REIT; but y'know one run by scammers, libertarians, or fools (or well all of the above).
The blockchain part is entirely pointless at best (where they bolt it onto the side of a more conventional setup as a marketing gimmick), and a legal nightmare at worst (where they decide that code is law).
e.g. in the latter case imagine trying to buy a house that's technically owned by hundreds of anonymous people . Imagine what happens if the tokens that convey ownership in the property get hacked. Image what happens if the house becomes a money pit, needs repairs, is trashed, etc.
Image what happens if the house becomes a money pit, needs repairs, is trashed, etc.
ordinary REITs deal poorly with residents pouring concrete down the drain on their way out (it’s the one thing you can do to cost them a significant amount of money, if you don’t mind the personal risk); the mental image of a REIT that handles it even worse due to short-sighted crypto shit is very funny to me
"12 foot ladder" helps with the paywall on this one. The article is written in a highly credulous tone. I would have appreciated an interview with someone that was actually receiving income and money in Euros out of the scheme. Like, money money.
At the end - Boston Consulting says that 10% of the market will be tokenized. Sure.
Buttcoin is the future of online butts. Buttcoin is a peer-to-peer butt. Peer-to-peer means that no central authority issues new butts or tracks butts.
A community for hurling ordure at cryptocurrency/blockchain dweebs of all sorts. We are only here for debate as long as it amuses us. Meme stocks are also on topic.
