Quote from: Fiatless on Today at 07:27:44 AM

Quote from: roller33 on January 22, 2024, 09:05:50 PM

I have recently watched a video where the guy says that it is safer to buy a house with BTC (and other cryptocurrencies) than buying through one real estate agent. If I remember correctly, he says that it can be proven through a NFT.

That sounds cool, but what about all the regulations and laws of the government? I mean, won't they charge their share? Won't it be possible to get a fine for using crypto instead of FIAT?

I know there are already countries that are "crypto-friendly", but it seems to be interesting to prove your house purchase through an NFT.

Buying a house with Bitcoin has been happening especially in countries that are friendly to the currency. There are countries in which Bitcoin is a legal means of payment which means that it could be used to settle debt or for financial contract agreements. Accepting Bitcoin will also depend on the seller of the property if they are willing to accept it as a means of payment.

I don't know how it is safer to buy properties with Bitcoin because property documents will contain the identity of the buyer, which means it will not promote privacy. The property will still be subjected to taxes just like others, so it will not reduce taxation. It will be better to buy property in fiat if cryptocurrency is banned in your country because it is not recognised as a form of payment. The seller can easily claim that he didn't receive any payment from you since crypto is not a currency before the law of such a country.

If you are afraid and do not support using bitcoin to buy other assets such as real estate, you are afraid of paying taxes, it proves that you do not support bitcoin becoming popular and do not want it to become a method legal payment.

I still wonder that many people want bitcoin to become popular and widely used but they also want to keep their privacy safe. But how can we achieve both at the same time when they are completely opposite? We always encourage others to use bitcoin and spread bitcoin to everyone so it becomes more popular, but that will not help us protect privacy. So, I don't think we'll actually have a solution that can make bitcoin popular but still keep us private.