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.
sadly the seller is in canada anyway so that is going to make this crazy hard
It might not be any harder than doing it without Bitcoin. Instead of issuing a cheque in the name of the notary (potential technical troubles, high fees, etc.) or making a wire transfer (assuming notaries work that way in Germany), you will mail in the required secrets. Assuming there is a foolproof way of making it work, that is.
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.
Not only for the future though. I'm also interested in the property, but it would be nice to figure out the way that's most convenient for both buyer and the seller.
even on silk road you must use escrow.
I don't think you got what he's saying.