163 sats \ 2 replies \ @DarthCoin 5 Sep \ parent \ on: Property management built on Bitcoin bitcoin
Please watch this short video about how we can start the bitcoin circular economy.
https://www.youtube.com/watch?v=GquPdAFQ40U
I pay my rent where I live rn, in BTC, P2P, wallet to wallet, every month.
Yes, the contract was made in in fiat value, but I pay it ate the exchange rate at the payment day, in sats, directly to the owner.
In time, we could make a new contract expressed directly in sats, no matter how much will be the exchange rate. But for the moment the owner is just a newbie, learning and start accumulating from my sats.
Important is that every new bitcoin user will start being paid in BTC not buying from an exchange. Once they get a certain amount, they will start also spending in sats, slowly and so on... This is a long process that start with moving away from the fiat mindset and slowly start thinking ONLY in sats.
I pay my rent where I live rn, in BTC, P2P, wallet to wallet, every month.
This is impressive, congrats being able to organize in this way.
- Did you know the owner before or how you were able to build such trust with him/her?
- Did you provide the bond in BTC, maybe with a Multisig transaction ?
- How are you paying the bills? I assume you are paying it in BTC as well, you compensate the landowner directly or use an external service?
reply
Yes, in the beginning they didn't accept BTC, but then talking and became friends, I was bringing the subject on the table and were interested. Now they love it.
I negotiate to pay the electricity included, with sats.
All my groceries are paid also in BTC to a local shop or online.
I still have some other expenses that I cannot pay directly in sats, but I manage with a friend to give him sats and he pays my other bills in fiat. In this way I will help him stacking sats and not using any fiat bank account anymore,
reply