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RE: IS FUTURE TOKENIZATION OF PROPERTY MARKET something we should all be aware of?

in #blockchain7 years ago

First of all, thank you to @crypto.piotr for sharing me this article.

My two satoshi worth opinion:

When currency was being decentralized in the case of bitcoin, which now looks more like/behave like a company stocks, rather than used as a mainstream digital currency. Privacy and government interference is definitely a No-No.

But in terms of real estate assets, I would like more government regulations and monitoring should be put in-place first. Physical assets to be tokenized is a good thing, but certain restrictions compliant to government laws should be considered.

I dont want to wake up one morning that my tokenized house is being owned by somebody just because he has hacked into a decentralized land title ownership website.

As we include cryptos deeper into our life, certain restrictions and exclusion should be established.

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