reply on: How did you move your savings into Bitcoin? How would you do it now? \ stacker news ~AskSN

pull down to refresh

10 sats \ 6 replies \ @klk OP 29 May \ parent \ on: How did you move your savings into Bitcoin? How would you do it now? AskSN

Don't have a mortage. Not interested in one either.

0 sats \ 5 replies \ @79c9095526 29 May

Ok, so how do you purchase a home (without a mortgage) with bitcoin? The home is for sale for USD. Like 99.9999% of homes in America, they do not accept bitcoin.

10 sats \ 3 replies \ @elvismercury 29 May

As long as you don't actually want to interact with civilization, or the people who live in it, avoiding filthy fiat and using btc to buy everything is straightforward.

0 sats \ 1 reply \ @klk OP 29 May

What if you want to interact with civilization?

25 sats \ 0 replies \ @elvismercury 30 May

Compromise. Pick your fights.

0 sats \ 0 replies \ @79c9095526 29 May

lol 100%

60 sats \ 0 replies \ @klk OP 29 May

That's not really the problem I have now. Anyway, non-KYC Bitcoin is still perfectly legal. You could just sell if for fiat, or look for a house for sale in Bitcoin (there are now, and there will be more in the future). Or rent for life. It's not really tempting to buy something any time soon when you could just stack sats.

At the point it makes sense again to buy something like a house, it will really depend on how “yours” the house will be. In the EU you can't do shit without permission on your “property”. On top of that there's property tax, etc.