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Do you think the platform for bitcoin is a fad?

By Annette Lawrence , Palm Harbor, FL 727-420-4041

Real Estate Agent with ReMax Realtec Group

January 04, 2018 06:23 AM

Bob Greifeld, CEO, Nasdaq. "Once you cut the apron strings of need for the physical, the opportunities we can envision blockchain providing stand to benefit not only our clients, but the broader global capital markets."

The small nation of Estonia HAS deployed block chain for residency and healthcare management.

The missing link, the 'smart contract' completes the proof of concept for changing real estate in the foreseeable future.

Where do you think real estate agents need to position themselves for this change?

To be frank, I'm at a loss in finding direction.

Is the best option to be a 'hoggler?'

Best of success,
Annette Lawrence, Broker Associate
Remax Realtec Group
Palm Harbor, FL
727. 420.4041

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Jerry Lucas

ABC Legal Docs LLC - Colorado Springs, CO

Notary Training, Consulting. Colorado Springs, CO

The correct term is hodler, originating from a typo, meaning holder of cryptocurrency.

I now accept payment by Bitcoin and several other digital currencies on my website. I did some research and found a free software plugin that I added to my WordPress website. No monthly fee. A small transaction fee similar to using PayPal.

We are still in the early stages of a blockchain technology revolution. I am learning by reading, watching YouTube videos and taking online courses on Bitcoin and blockchain.

Bitcoin was first generation cryptocurrency technology. Developers are learning from the problems and deficiencies with Bitcoin and creating improved second and third-generation technology.

Ethereum blockchain is designed to use smart contracts that respond to changing inputs and events from trusted sources, known as oracles, and time.

For example, a smart lease could include an inflation clause tied to the Consumer Price Index (CPI), and raise the rent according to the CPI, or some other indicator. The smart lease could transfer rent payment in cryptocurrency from the tenant to the landlord once a month until the lease expires. No bank is needed. Peer-to-peer transaction with no middleman. From tenant's digital wallet to landlord's digital wallet.

Lawyers will need to work with coders to create smart contracts since few people will have both legal knowledge and coding skills.

We are moving toward third-generation Internet, Web 3.0.

There are local meetings in many cities on Bitcoin and blockchain. Look up your city on Meetup.com. Good place to network and learn.

Aug 05, 2018 07:30 PM

Aleks Shamles

What do you mean by fad? I think these are ingenious programs that made trading much easier for us. Many of them, for example, the British Bitcoin Profit site where I trade, offer to automate the process and practically not waste our time on trading. Isn't it convenient when the platform trades for you? And of course, there are many other advantages.

Oct 19, 2021 12:46 AM

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Annette Lawrence , Palm Harbor, FL 727-420-4041

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