For the BLM:
- Takes land that currently creates little to no value for the US Government, and immediately monetizes it, despite the actual sale of the land maybe being years off.
- If the value of the currency dips below the USD value of the amount of land that it's worth, then investors could buy it up and use it to get BLM land for cheaper than expected. This feels like it would be self-correcting.
In relation with other cryptocurrencies:
- A branch of the US Government would accept this coin as legal tender, which is a level of recognition sought by many cryptocurrencies.
- There is a minimum value set, which (afaik) no other coins have.
- The government would have the ability to stop the sale of this coin at any time, which removes some of the decentralized aspect of it.
- There's no clearly defined mining procedure, since the coins are created in correlation with land. So, I don't even know if this is considered a cryptocurrency?