You as in you in general and commercial real estate as a whole will become soon and by my personal definition a target.
And the people focused and targeting are……..the crypto community.
Why may you ask?
What is commercial real estate if not the very essence of those four things stated above.
The Crypto community needs those four basic things to do what?
Create a Community, a community that will do what?
Value their already existing network and create a defined value for……TOKENS.
Yes, there it is again, that strange word you hear and still may wonder sometimes what in the hell these people are up to.
Let me help!
Crypto tokens are special kind of virtual currency tokens that reside on their own blockchains and represent an asset or utility. For example, one can have a crypto token that represents x number of customer loyalty points on a blockchain that is used to manage such details for a retail chain. There can be another crypto token that gives entitlement to the token holder to view 10 hours of streaming content on a video-sharing blockchain. Another crypto token that may even represent other cryptocurrency, like one such token being equal to 15 bitcoins on a particular blockchain. Such crypto tokens are tradable and transferable among the various participants of the blockchain.
Such crypto tokens often serve as the transaction units on the blockchains that are created using the standard templates like that of Ethereum network that allows a user to create his/her own tokens. Such blockchains work on the concept of smart contracts or decentralized applications, where the programmable, self-executing code is used to process and manage the various transactions occurring on the blockchain.
In essence, the cryptocurrencies and altcoins are specific virtual currencies that have their own dedicated blockchains and are primarily used as a medium for digital payments. On the other hand, the crypto tokens operate on top of a blockchain that acts as a medium for creation and execution of decentralized apps and smart contracts, and the tokens are used to facilitate the transactions. Source: Investopedia.
So, to simplify this as much as possible, commercial real estate just continues to do what we have always done and the Crypto Community wants to give us Tokens.
BUT…and you knew this was coming, the Tokens are created and issued by……… The Crypto Community.
So, who controls the supply?
Who partly controls the value?
Who owns those decentralized apps and smart contracts?
At this point NOT YOU!
So, why would you even consider participating?
How much value do you get from your data and transactions NOW, TODAY?
What if you created a tradable value just for the process and workflow of commercial real estate?
Hmm, now that might be interesting.
Well let’s be honest with each other it’s more than interesting it’s what should have been going on for decades.
Value From Two Communities?
The Crypto Community needs commercial real estate and they also need their own already established “traditional” crypto community.
The commercial real estate community increases the token value by general definition making it “a utility.”
The crypto community increases the value by trading it for lack of a better terms speculation and profit.
(Before I continue, anyone in the crypto community who wants to rant and rave about words letters and phrases defining anything in this article…GO FLYING FUCK YOURSELF. YOU ARE NOT GOD! YOU ARE NOT THE ONLY HUMAN BEING WHO UNDERSTANDS ANYTHING AND EVERYTHING! GO BUY A FUCKING BUILDING. SAVE A STARVING CHILD. CURE CANCER. BUT PLEASE GO FLYING FUCK YOURSELF FIRST!)
For those who may want to get a bit more clarity here is a brilliant article titled: Why Blockchain is Hard.
Here They Come And What To Watch For.
You may already be seeing signs.
If you are on Twitter or LinkedIn it’s hard not to see it. Those little snippets of text and articles explaining how this is “disrupting” (I’m starting to despise that word) real estate by…….decentralizing…blah blah blah.
There are invitations and social connections to just about all known networks and to Telegram along with blog posts that flat out ask you to join and follow along.
I need to give the crypto people credit (the ones still reading after I told them to go flying fuck themselves) they are some of the best at engaging people and creating quality content. Or dare I say it, building community.
You are also going to start seeing real estate people “endorsing” these things. It’s already happening. I think a big one was just on MSNBC a few weeks back. It will trickle down to the local level soon enough.
It’s what some us ironically know as a “land grab.” Whoever grabs the most eyeballs and people into their community or network WINS!
Who Is Positioned The Best?
It’s us. It’s commercial real estate.
We own the buildings and…
We own the data and…
We control the finance and…
But but but the crypto people might say “but we are coming”
And maybe to a certain extent, I agree with that.
BUT crypto is not #CRE and NEVER will be.
They need US.
We don’t need them!
Again, we don’t need them.
Bricks and Mortar Baby. Bricks and Mortar.
The crypto people will call us old and past our prime along with losing our understanding of the world.
Really, what’s the value prop for a token again?
Still looks just like a share of something to most of us?
So the crypto people want to give us a token for what…your little crypto crowdfunding token generating PR machine?
We as in commercial real estate already have ALL the value.
We already have a community built.
Again I ask, what’s the value prop for your little token thingy?
Why should we “trade” our data and hard asset values into a token?
At this point, the answer has to be, we won’t.
So, The Crypto People Want To Build #CRE A “Community.”
My Question Is Why Should We Even Care?
+1 Long long long way to go! Make sure you read the article I highlighted.
+1+1 The real use case for #CRE and Blockchain is????????? Maybe nothing!