I know this topic is out there, but it may be standard in 20 years from now. Virtual currency may be extremely volatile and unpredictable because of it's unregulated nature. But the risk could be minimized if it was backed by real estate. Although I have no definitive proof of such a transaction occurring there are talks of it taking place. There is a company called Brickscoin that is already developing ways to make this a new form of investing in Europe. The advantages for using real estate to back a virtual currency Would give investors a dual way to invest in property. Basically like a REIT that owns shares in property but the share's Would continuously gain value. Through this process of share appreciation it would make the very volatile market of virtual currency stable. Would the government allow such a practice to be legit even though the owners of the property could be virtually anonymous? How would the government tax the venture? Is this a possible future? I'm looking for any and all input on this matter whether financial consultation, business model, or potential partners who are willing to take a risk by reinventing the wheel....
