I like where this is going. Also, it wouldn’t be too far of a stretch to implement smart contracts such as resell agreements for vendors to carry creators’ products. These could handle “land” sales as well.
Just a thought.
Also… Does HiFi intend to develop with bitcoin or create a hifi coin and launch a ICO (initial coin offering) for early adopters? If there will be a hifi coin PLEASE make it publicly mine-able otherwise there is no point in using cryptocurrencies at all (and will probably be labelled a shitcoin or scam by the crypto community).
And… there is no point in using a blockchain without a cryptocoin since then there would be no miners to reach a majority concent, therefore the blockchain would be untrusted (might as well just use a normal database in this case) because it will then be a centralized system which defeats the entire point of using a blockchain.
A new crypto with a ICO would probably be pretty popular and a good way to raise money. The crypto community would want to get involved even if they don’t care about VR or VWs because it is coming from solid developers and a solid company with Philip Rosedale’s name on it, and there is something to show (not just a white paper which many ICOs begin with). ICOs with WAY WAY less (virtual nobodys) have even done well, no doubt HiFi would too.
There is also the option of a bitcoin side-chain. This is where you would have a hifi blockchain that is connected to the bitcoin blockchain. This has the advantage of a pre-existing network with pre-existing miners and people would be able to use actual bitcoins in HiFi. Bitcoin is getting really popular so this might be a good way to go too, only thing is you won’t be raising money by running a ICO.
A third option is using ethereum. The advantage here is ethereum is like bitcoin but is “programmed”. It can do all the things mentioned in the blog and much more. This would be the most flexible and expandable way because if you want to add new functionality you can just make up a new smart contract.