pull down to refresh

0 sats \ 1 reply \ @spiderman OP 24 Aug \ parent \ on: My Landlord Says He Can Accept Rent in Bitcoin bitcoin
How is a property (a shelter above someone's head) in one of the most expensive islands in the world (which is like a Manhattan of Asia) a Fiat asset? To me, it seems quite a hard asset, and an opposite of paper trash.
Do you mean in a hypothetical hyperbitcoinised world, people will live inside the Blockchain?
But yeah, I will conserve my Sats and get rid of my dollars first, unless the landlord gives me a convincingly above market rate for my Sats.
write
preview
0 sats \ 0 replies \ @ZezzebbulTheMysterious 24 Aug
You can always build more houses. You can build land. Cloud cities. Arcologies. Build out, build up. Dwellings are not finite, not held fixed in number by algorithm. Housing, in value, will decay against Bitcoin forever.
You can of course sell above market rate for sats, and use that premium to buy more sats, it would be accretive.
reply