So let me ask a question. When you buy a home with all your life savings, does it become yours? What makes it differ from the soviets? I mean, obviously they recorded your rights to the building on paper, and now they record it in digital databases. But is it REALLY that different? You don't truly own either. It's all the government's promise to let you access it and keep away whomever should not access it, until they don't.
The only thing you truly own is bitcoin. The rest are promises.
In the Philippines, you get a land title in your name after you purchase and pay it in full. But, there's still a yearly tax that we have to pay, which is called "amilyar" or real property tax. And you're right that we don't truly own it because it seems that we're still renting from the government and have an obligation to pay it yearly. Also, once you sold the property, we're also obliged to pay a lot of fees, capital gains tax, doc stamp taxes, etc. Too many processes and that's why I have come to that idea that if I'm going to invest, much better if I go with Bitcoin and other digital assets that won't obliged me to pay more taxes.