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It just struck me that Housing/land prices are rising all over the place. No one is buying Real Estate with BTC, They are using the USDshitcoin still. All the value of the world is flowing to BTC though so when that shit goes... When Bitcoiners start to buy realestate with their crypto bags dollar holders/earners will be priced right the fuck out of the market as they have to then face the fact that not only is the native action of BTC to rise relative to the dollar but those recieving the benefit of the rise are competing against you directly for goods and services. This is getting less and less dollar-holder neutral by the minute. The world of people out there that has not fully grasped what crypto is doing to the world economy will get a harsh lesson when they see things like home prices start to move in the same way that the coins that purchase them move relative to a dollar zeropoint. Think of someone getting 400% gains on their home price in a week because a bunch of crypto holders want to buy it. That is what would happen as ability to buy increases with the movements of the coins themselves relative to Real Estate. Sweet! We just got some big wins! Fuck living in this bug infested apartment next to those fucking niggers Its time to get some proper diggs... Time to buy that nice-ass house on the hill with all the windows and the security system...

This shit could happen fast. Like this could start popping off anywhere at pretty much any time. It could be that a broadly accepted method of direct purchase will be needed to kick it off which makes sense actually but perhaps not. BTC is property now. As long as the seller agrees to the terms of recieving BTC (one piece of property), and giving real estate in return (another piece of property) then you just priced realestate in BTC. How come no one has set up a DAO to do this exact thing.

That shit right there would be a killer business model. A realestate exchange DAO that managed realestate deals between crypto people. How is this not a thing right now??

It just struck me that Housing/land prices are rising all over the place. No one is buying Real Estate with BTC, They are using the USDshitcoin still. All the value of the world is flowing to BTC though so when that shit goes... When Bitcoiners start to buy realestate with their crypto bags dollar holders/earners will be priced right the fuck out of the market as they have to then face the fact that not only is the native action of BTC to rise relative to the dollar but those recieving the benefit of the rise are competing against you directly for goods and services. This is getting less and less dollar-holder neutral by the minute. The world of people out there that has not fully grasped what crypto is doing to the world economy will get a harsh lesson when they see things like home prices start to move in the same way that the coins that purchase them move relative to a dollar zeropoint. Think of someone getting 400% gains on their home price in a week because a bunch of crypto holders want to buy it. That is what would happen as ability to buy increases with the movements of the coins themselves relative to Real Estate. Sweet! We just got some big wins! Fuck living in this bug infested apartment next to those fucking niggers Its time to get some proper diggs... Time to buy that nice-ass house on the hill with all the windows and the security system... This shit could happen fast. Like this could start popping off anywhere at pretty much any time. It could be that a broadly accepted method of direct purchase will be needed to kick it off which makes sense actually but perhaps not. BTC is property now. As long as the seller agrees to the terms of recieving BTC (one piece of property), and giving real estate in return (another piece of property) then you just priced realestate in BTC. How come no one has set up a DAO to do this exact thing. That shit right there would be a killer business model. A realestate exchange DAO that managed realestate deals between crypto people. How is this not a thing right now??

(post is archived)

[–] 1 pt

It's happened before, this isn't new, and there are companies that will facilitate it.

The buyer is still legally required to pay taxes on the bitcoin profits, so that $1M house purchase might trigger a $200K income tax bill.

Also, go take a look at the forums, and you'll see that long term holders are notoriously cheap when it comes to spending bitcoin. And they expect it to double or more every year. Why would they sell $1.3M of bitcoin to buy a house (including capitol gains taxes), when they could just wait a year and only sell half? Or buy more house?

[–] 1 pt

Heh. Yep. It hasnt happened yet. Now add in Decentralzed financial systems into your thinking. Imagine if BTC always rises (over a long time period) relative to fiat and anything priced in fiat. Why not simply borrow fiat with BTC as collateral then buy a house. No taxes on borrowed funds. BTC falls? Defi dap platform can only take the tokens not your house since it is not collateral in the loan. BTC rises? You can sell the collateral as it goes up eventually paying off the loan for free with the income and getting your investment back in full as well as having a free house for your trouble.

Now compare the guy doing that shit to the guy borrowing money to work a USD job paying taxes like a faggot and slaving away as a corporate drone. Wow. What a dark world that would be. Prices always inevitably rising all the time forever.

[–] 1 pt

This is the closest thing I've read to what I believe the future will hold for us.

Where do you think the race riots and mRNA zombie apocalypse fits into this though, ?