Post
Topic
Board Bitcoin Discussion
Re: Paying house rent with bitcoin is it appropriate?
by
Nheer
on 21/01/2024, 23:25:50 UTC
Paying for a house with bitcoin sounds to me a mistake or lack of financial knowledge. Bitcoin is better than Fiat. Bitcoin increases in value and fiat faces inflation. Why then would one spend Bitcoin instead of fiat on a house rent which may expire in few years?

We have our various view of things and if you think paying house rent in bitcoin is a mistake i am sure you have your reasons which you have stated in your post but it is unwise of you to think such person lacks financial knowledge. Bitcoin was created to serve several purposes and solve problems one of which is to serve as a means of payment alternative to Fiat. I don’t think i have come across a place where it is being stated that bitcoin was created as an investment tool, we are merely taking advantage of its volatile nature which is more like killing two birds with a stone.

If want the adoption rate to keep growing higher and if both parties are okay with bitcoin payments then i see nothing wrong with that. Allow me to take you back to when bitcoin was used to purchase pizza what do you have to say to that? A terrible mistake?
Holding bitcoin is wise but that shouldn’t be a reason not to spend our bitcoin as we please.

Accommodating the Bitcoin can birth the person more money to pay his next house rent. But fiat wouldn't add any interest in the bank. Moreover the house owner will not hold the Bitcoin.

True, but it is all dependent on the person in question, is is okay with it? I own my bitcoin and i have the right to use it the way i pleases. It is advantageous to hold bitcoin and paying house rent from your bitcoin holding doesn’t mean you are selling off your entire bitcoin.

Companies adopting bitcoin and people accepting bitcoin payments in their businesses has been a good development for bitcoiners as it have helped make things more easier for them.