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I co-founded a holiday real estate-backed crypto project in 2019. We only raised $50k though. Just enough to buy 1 unit in South Africa. We started using profit
by socketcluster 11mo ago
I co-founded a holiday real estate-backed crypto project in 2019. We only raised $50k though. Just enough to buy 1 unit in South Africa. We started using profits to do on-chain token buybacks with proof of burn. We proved the concept but scale was too small with just one apartment. It was a really cool concept though. Too bad the powers-that-be didn't select us.
The main problem with blockchain projects is that they're not decentralized in the way that counts. You still have to be chosen by the powers-that-be. There's still only one path to success; just like the rest of the tech sector.
- 7thpower 11mo agoWhich powers at be do you mean? I’m not following.
- jpfromlondon 11mo agoCronyism is inevitable at scale, the UK's digital ID scheme is an obvious recent example.
- dekervin 11mo agoIs there an online presence for the project or traces ?