The case for a real estate asset backed currency

  1. Medium of exchange
  2. Unit of Account
  3. Store of value
  4. Backed by an Asset that is universally recognised as a Store of value (3 and 4 are interlinked but marginally different)
  5. Has a supply that grows to accommodate a growing economy
  6. The process of creating it has to be decentralised, allowing any one to create new coins
  7. The process of creating it should create value not destroy it

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