Quote from: sky24 on October 23, 2017, 02:13:28 PM

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.