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RE: Mainstream Adoption: Cryptocurrency Funding Real World Economy

in LeoFinance2 years ago (edited)

I keep spinning two ideas around in my head.

One being a 'Hive Homestead/Farm' where people can visit and share knowledge. Not a school but with a focus on education with speakers (teachers, professionals etcetera) and such that help share knowledge. It would also sell any goods produced whether that be livestock, food, plants, trees or whatever.

The other is a 'Hive Campground/Retreat' where people can visit, relax and do all the fun stuff that happens at such places.

Anyway, where I hit a snag is how to bridge the gap between real estate (land ownership) and crypto. Also all revenue generated would either begin or end as crypto so that makes it even more complicated. As a side note, by 'end in crypto' I mean generated fiat being converted into HIVE and/or HBD.

Meaning... what kind of company, corporation, non-profit or decentralized autonomous organization would be required that could both operate in the traditional financial world and the world of crypto and own a hard asset like land. Plus all the crypto conversions would have to be somehow managed in a way that would keep it 'above board' so to speak.

It is an idea spawned by the Hive Borehole Project but also very different because 'ownership' is involved and of course the holding of the actual land title has to be in something or someone's name.

Anyway, that is as far as my thought experiment ever gets but I think that bridging the divide between traditional markets (in this example the real estate market) and the world of crypto would be a big shift in the right direction.

Note: Edited for clarity.

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Very true. You are dealing with a different dynamic. Check some of the laws in Wyoming. They were quick to pass legislation legalizing DAOs. Perhaps that is a starting point.

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That is interesting about Wyoming. Thanks.

It is definitely just a thought experiment though. Not so much something I would want to do myself.

In the homestead/farm example I was picturing a place like Ghana and the land itself operated and managed by locals to the area.