notary might not know if it was funded, also is btc legal tender in germany?
The seller will know that it's funded before signing, which should suffice. However, either the buyer or the seller could intentionally give a faulty privkey, which could result in funds staying in limbo forever. I'm sure there is a better way of doing this, but I'll have to think about it.
I don't think you need to pay with legal tender, or even pay at all, to switch ownership. One can do whatever they want with their property, and if the seller doesn't appear like she's evading taxes, I don't think anyone will care.
OK just got back to the desk, I see this has become more of a discussion thread than an auction but hey, I will roll with it. It is interesting to hammer this out for people in the future.
Firstly, I never said I WOULD NOT take an escrow. I just raised a bunch of points why, in my opinion that I don't see how we would be protected by it. As I said many times over, this is a house, something with legal land title, not a silk road drug stash or a bitcoin miner. I don't even see how in the world such a scam could be pulled off, as legal title to check is obvious. But Mr. Goat et. al seem to be hell bent on screaming scammer without answering my defenses or even trying to explain how such an escrow would work. To be honest I feel like I am in the salem witch trials here, and every time I open my mouth and say something before I finish my sentence someone is screaming 'WITCH!!!' and when I say well I have a lawyer someone else screams 'WITCHES have lawyers too, burn him!'.
Understand I am a property developer, and have done so in many places including Germany. I am familiar with the process and laws. Hence why my Girlfriend (who is a real estate agent, who I met when purchasing my house ironically) asked me if I could deal with this one, and we decided it would be fun as it didnt cost anything for her, and is not something we would look to develop, to sell it on the bitcoin forum.
I apreciate the dialogue we have going here and all points are valid, but, could some of the champions of escrow please answer my previous questions if they so believe that escrow is a good idea. I'm just not seeing the point to it, but I fail to see how that automatically makes me a scammer, same as I also float when I go in the water and black cats do sometimes cross my shadow, but I fail to see how that makes me a witch.