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Real economic use cases appear to be suppressed in favor of frivolous tokens. I don't know why this is the case. If you're genuinely interested, you can check
by redpiller 5y ago
Real economic use cases appear to be suppressed in favor of frivolous tokens. I don't know why this is the case.
If you're genuinely interested, you can check out my project which tokenizes real estate rental income: http://leasehold.io/ http://leasehold.io/
I wrote a detailed article which explains how it works: https://jonathangrosdubois.medium.com/how-leasehold-achieves-decentralization-8e311c6e55f https://jonathangrosdubois.medium.com/how-leasehold-achieves...
The idea is to use blockchain tokens instead of shares but later we will also allow people to use LSH tokens to pay for rent when staying in one of the properties in our network.
We essentially invented a new concept called 'Proof of Profit' - Imagine if you could have irrefutable proof that a company earned a certain amount of profit in a specific month. Typically you need to trust company financiers and accountants. Not so with Leasehold. If you just launch a node to sync with the blockchain, you can verify the profits yourself with absolute certainty; just by looking at on-chain buybacks for that month. Tell me this isn't innovative and useful.
- sprafa 5y agoThe fact is you’re being downvoted. HN is going to miss the boat. Build more cool stuff. You will become insanely rich, since so many people seem set to let this opportunity go to waste.
- xur17 5y agoI saw a reference to this site elsewhere on HN, so I thought I'd respond: The focus on where to buy your token, how much your token is selling for, etc is a major turn off for me. It might not be fair, but my first thought after landing on your website is that it's another ICO that isn't going to go anywhere. And looking at your token model, users can "see" that Leasehold the company is reinvesting in itself by buying property or buying back shares. This seems very easy to game - what keeps you from just burning some of the "significant" shares that you own to prop up the price / prove that you are receiving income?