Bitcoin continues to become the most pristine collateral asset

Investor · Oakland CA & Las Vegas NV · Member since 2019 · 72 posts · 112 votes

Milo, a US-based lender is now offering bitcoin-backed mortgages with no downpayment, no credit requirement, no DTI, no bank statements, and 100% financing. This is the start of exciting disruption and innovation as the digital assets space matures and further melds with traditional and antiquated finance.

Stack sats, use them to fund real estate without sacrificing the appreciation, invest the gains from real estate to stack more sats, repeat.

Bitcoin is the most pristine collateral asset that exists today.

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Bob E.

Queen Creek, AZ · Member since 2014 · 2k+ posts · 1k+ votes

I still think Bitcoin has as much value as Dutch tulip bulbs. But hey, maybe this time really is is different.

It will be interesting to watch how the crypto market does during the coming recession.

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Jason LeePro Member
Real Estate Agent · New York, NY · Member since 2015 · 401 posts · 235 votes
4y
Quote from @James Hamling:

Who in the US Government is trying to make it illegal to use Bitcoin as legal tender? They (US Senators on both sides of the aisle) are doing the exact opposite. The Lummis Bill, which has very wide bipartisan support, is looking to make it (and other crypto currencies) legal tender for purchases under $600.

How much will Bitcoin be worth when the US Government makes it legal tender?
2 Reply
Tim Mieney
Investor · Rochester, NY · Member since 2022 · 43 posts · 65 votes
4y
Quote from @John M.:

A bitcoin backed mortgage? The problem with that is that nothing backs a bitcoin! So when bitcoin crashes do they recall the loan or take possession of the property?

What backs the USD outside of a corrupt government with an addiction to inflating its own currency into oblivion?
3 Reply
Tim Mieney
Investor · Rochester, NY · Member since 2022 · 43 posts · 65 votes
4y
Quote from @Jason Lee:

Quote from @James Hamling:

Who in the US Government is trying to make it illegal to use Bitcoin as legal tender? They (US Senators on both sides of the aisle) are doing the exact opposite. The Lummis Bill, which has very wide bipartisan support, is looking to make it (and other crypto currencies) legal tender for purchases under $600.

How much will Bitcoin be worth when the US Government makes it legal tender?

Nailed it.
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Rob Kishi
OP
Investor · Oakland CA & Las Vegas NV · Member since 2019 · 72 posts · 112 votes
4y
Quote from @Randy Gutierrez:

@Rob Kishi @Jason Kudo How exactly are you invested in crypto? What is the best way?

@Randy Gutierrez The "best" way depends on your individual investment goals and opinions. I'd start with understanding Bitcoin and (if desired, not required) go farther out on the risk curve as you become more comfortable. A simple analogy is to think of bitcoin as digital gold which is regulated in the US as property and everything else as early-stage venture with technology, execution, and regulatory risk. There are some incredibly exciting things going on in the crypto space outside of bitcoin, but similar to the internet boom in the 90s we may see significant consolidation at some point. Bitcoin has solidified its lane in the market while others are still being carved out and its risk:reward ratio is still extremely attractive.

If you don't have any crypto yet, I'd look at it this way: If you invest 10% of your net worth in bitcoin and it goes to zero you lost 10%, which most people can survive. If it does what people believe, you double your net worth in 5-10 years if not sooner.

You can adjust those parameters depending on your personal tolerance, but the edge here is in the a-symmetry. There is low downside (bitcoin catastrophically goes to zero = $47k loss) with an unbalanced upside (bitcoin goes to $500k = $453k gain). Stated another way, if you entered the market now Bitcoin would only need to double ($94k) to cover the downside weight of the trade. Over the last decade Bitcoin has grown annualized at over 100% a year and this may increase as we reach later points of the adoption cycle. Only 3% of the global population has crypto exposure today...what does that look like in 10 years?

Crypto is the greatest wealth transfer we'll see in our lifetimes.

Feel free to DM me and we can talk more specifics if you want.
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Ed Tamayo
Investor · Sugar Hill, GA · Member since 2014 · 168 posts · 97 votes
4y

That's me in a Bit coin farm. I include it here as a curiosity and to let you know that I have actually spent time looking into it. (I also have a master in computer Science, if that helps).

I think that Crypto currencies are here to stay but I don't see them as a good investment, and they are not, currently, a real currency either, because their value changes too much, too frequently. They can be used as a hedge for your investments and any allocation shouldn't be more than 2% to 5% of your net worth.

Having said that, I don't intend to engage in crypto currency discussions in general but only in what regards the original posting: Using crypto as collateral for buying real estate.

I visited the website of this company that offers the loan and their offer is pretty straightforward: You put bitcoin for a value of X dollars and they lend you that very same amount at around 4% rate.

The way it works, I presume, its like borrowing money on margin from your broker. In the margin loan, you can get a % of the value of your deposits and you can use it to buy more stocks or to do whatever. The BIG issue is that you must maintain collateral, if the stock value takes a dive, you must pony out the missing collateral in a matter of days or your stock will be sold, at whatever low price it might be, to satisfy the minimum collateral required.

In the case of this Crypto loan, I assume its a similar situation, you must put more crypto as collateral if it drops in price. Since crypto prices vary wildly, you must have a good reserve of crypto or cash to provide the collateral. Imagine you buy a $500,000 house and put $500,000 worth of bitcoin as deposit but the bitcoin value drops to 50%, (as has happened before,) now you have to come up with $250,000 right away. Would that work for you?

A loan of this kind would be good for a an investor only if they truly believe that the crypto will increase in value for more than 4% a year for a number of years to come and you must have 2 to 3 times the value of the property in bitcoin to buy a property. I think that takes a lot of faith in crypto but this lender will have some takers for their offer.

6 Reply
James Hamling
Real Estate Broker · Minneapolis, MN · Member since 2011 · 5k+ posts · 6k+ votes
4y
Quote from @Jason Lee:

Quote from @James Hamling:

Who in the US Government is trying to make it illegal to use Bitcoin as legal tender? They (US Senators on both sides of the aisle) are doing the exact opposite. The Lummis Bill, which has very wide bipartisan support, is looking to make it (and other crypto currencies) legal tender for purchases under $600.

How much will Bitcoin be worth when the US Government makes it legal tender?

You have to follow the bouncing-ball as correlated with historical actions, there has been statements of looking into a FED REGULATED crypto and using BitCoin as a kind of Beta-test of market adoption and utilization.
Again, this is not complicated, people keep talking about BitCoin taking over and being this unregulated decentralized monetary action breaking the chains of the current banking-mafia. All that COMPLETLY disregards the basic simple fact of that banking-mafia FIGHTING BACK, and that the banking-mafia controls those who make and write the laws.
It's pure ignorance to think the Fed will not take control of the prevailing monetary structure, this is plain and simple reality. And that the government has absolute total control of what is and is not useable in the US for legal tender. Can you pay for groceries in BitCoin readily at all standard locations? How about fuel? Food? No, BitCoin is still not main-stream in it's use through society and I guarantee 100% the moment it starts to approach that point it WILL become regulated and controlled by the existing central control systems in power. And if they can't take control of it, they WILL replace it.
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James Hamling
Real Estate Broker · Minneapolis, MN · Member since 2011 · 5k+ posts · 6k+ votes
4y
Quote from @Ken Latchers:

Quote from @Dave Carter:

@Nick Barlow
Bitcoin can never have more than 21M coins.
Don’t lump bitcoin and “crypto” all together. One is an immutable store of value, the others are basically stocks. Very important point.
Really? Store of value of what? Ones and zeroes? Gold is a store of value going back over three thousand years. Real estate is a store of value. Silver is a store of value. Grain is a store of value. Bitcoins are totally worthless. Whether there is 21 or 21 million or 21 quadrillion. They hav3 zero value. And someday they may show that unexpectedly

A step further, how long has Real Estate, Gold & Silver stood as a store of value and medium of exchange/wealth; since before the Roman Empire was an Empire.....
How many currencies, mediums of exchange, TULIPS, have risen and fallen in that time; countless.
Yeah....... History is NOT on the side of the BitCoin Kool-Aid, or any crypto for that matter. Nor the USD, Ruble, Rand.......
0 Reply
Dave Carter
Rental Property Investor · Springfield, IL · Member since 2020 · 36 posts · 35 votes
4y
@Mike Hern
You don’t choose your key phrase. It is assigned when you create a wallet. I have mine stored safely but other than that never interact with it. Your actual wallet address is something like a 128 character string of encryption. The key phrase is the forward facing version of that that you use to access your wallet. The phrase translates to the back end string of numbers and letters.
If I can offer a recommendation, read back over the OP’s comments on this thread with a slightly open mind. You are trying SOOO hard to find the fatal flaw, the “aha!, see this is just junk”. We get there in our own time, and you’re asking lots of questions, which is good, so give a little bit of credence to the answers from people who are farther along the knowledge path. The same way some of us younger guys could probably learn a ton about real estate from a more experienced investor such as yourself. I hope this thread is beneficial to everyone who reads it trying to understand BTC a little more.
1 Reply
Dave Carter
Rental Property Investor · Springfield, IL · Member since 2020 · 36 posts · 35 votes
4y
@James Hamling
Ok, don’t buy any bitcoin then. You obviously don’t want to. So, don’t. :-)
1 Reply
Account Closed
Investor · Scottsdale Austin Tuktoyaktuk · Member since 2021 · 4k+ posts · 4k+ votes
4y
Quote from @Dave Carter:

@Mike Hern
You don’t choose your key phrase. It is assigned when you create a wallet. I have mine stored safely but other than that never interact with it. Your actual wallet address is something like a 128 character string of encryption. The key phrase is the forward facing version of that that you use to access your wallet. The phrase translates to the back end string of numbers and letters.
If I can offer a recommendation, read back over the OP’s comments on this thread with a slightly open mind. You are trying SOOO hard to find the fatal flaw, the “aha!, see this is just junk”. We get there in our own time, and you’re asking lots of questions, which is good, so give a little bit of credence to the answers from people who are farther along the knowledge path. The same way some of us younger guys could probably learn a ton about real estate from a more experienced investor such as yourself. I hope this thread is beneficial to everyone who reads it trying to understand BTC a little more.
I think I've saturated my interest on how it functions. When I can safely use it to buy gas & a cheeseburger on the road, I'll look again. ;-)
0 Reply
Jason Kudo
Real Estate Agent · Pasadena, CA · Member since 2017 · 276 posts · 255 votes
4y
@James Hamling
@James Hamling
@James Hamling
Did you not read what I wrote?
What happened to bitcoin when the chinese and indian governments made it illegal? NOTHING. In fact, it gained more adoption by their citizens.
What is bizarre to me is you not understanding my comment about Paypal. I think you are too old. The original argument was that the value of bitcoin is backed by nothing. So the counter argument is what is the company value of paypal backed by? They are both payment rails and methods of transaction. They are both backed by the service they provide. Bitcoin happens to have it’s own built in currency to represent the service’s value.
No one is asking you to trust bitcoin or me. Watch and learn.
We are already seeing family offices, hedge funds, pension funds, etc allocate to bitcoin.
Give me an example of a fundamental weakness of bitcoin.
Also, give me an example of something I said that is nauseating techi-ness narcissistic rant.
Also, give me an example of me pointing out that anyone is dumb for not agreeing except in this post where I did mention you possibly being too old to get it.. This is a discussion and as such counter arguments should be viewed as normal but for some reason you seem to think otherwise.
1 Reply
Account Closed
Investor · Scottsdale Austin Tuktoyaktuk · Member since 2021 · 4k+ posts · 4k+ votes
4y
Quote from @Ed Tamayo:

That's me in a Bit coin farm. I include it here as a curiosity and to let you know that I have actually spent time looking into it. (I also have a master in computer Science, if that helps).

I think that Crypto currencies are here to stay but I don't see them as a good investment, and they are not, currently, a real currency either, because their value changes too much, too frequently. They can be used as a hedge for your investments and any allocation shouldn't be more than 2% to 5% of your net worth.

Having said that, I don't intend to engage in crypto currency discussions in general but only in what regards the original posting: Using crypto as collateral for buying real estate.

I visited the website of this company that offers the loan and their offer is pretty straightforward: You put bitcoin for a value of X dollars and they lend you that very same amount at around 4% rate.

The way it works, I presume, its like borrowing money on margin from your broker. In the margin loan, you can get a % of the value of your deposits and you can use it to buy more stocks or to do whatever. The BIG issue is that you must maintain collateral, if the stock value takes a dive, you must pony out the missing collateral in a matter of days or your stock will be sold, at whatever low price it might be, to satisfy the minimum collateral required.

In the case of this Crypto loan, I assume its a similar situation, you must put more crypto as collateral if it drops in price. Since crypto prices vary wildly, you must have a good reserve of crypto or cash to provide the collateral. Imagine you buy a $500,000 house and put $500,000 worth of bitcoin as deposit but the bitcoin value drops to 50%, (as has happened before,) now you have to come up with $250,000 right away. Would that work for you?

A loan of this kind would be good for a an investor only if they truly believe that the crypto will increase in value for more than 4% a year for a number of years to come and you must have 2 to 3 times the value of the property in bitcoin to buy a property. I think that takes a lot of faith in crypto but this lender will have some takers for their offer.

Cool picture. Reminds me of selling equipment like that to Boeing and some "black box" projects.

What's your opinion on this news just off the wire: Another day, another hack
Hackers Steal Over $600 Million in Cryptocurrency From Ronin Blockchain Network
March 30, 2022 https://www.theepochtimes.com/...

Hackers have stolen more than $600 million in cryptocurrencies from a gaming-focused blockchain in a heist described as “one of the bigger hacks in history.”

The hackers made off with millions of dollars worth of Ethereum and USD Coin from Ronin
0 Reply
Jason Kudo
Real Estate Agent · Pasadena, CA · Member since 2017 · 276 posts · 255 votes
4y
@Jason Kudo
Bitcoin will become the world reserve currency.
There, I said it.
No need for anyone here to buy, believe, etc.
Just watch.
2 Reply
Jason Kudo
Real Estate Agent · Pasadena, CA · Member since 2017 · 276 posts · 255 votes
4y
@Jason Kudo
Lastly, there seems to be a misunderstanding that bitcoin supporters want to skirt regulation. This is exactly the opposite. We want regulatory clarity.
And regulation has already made it clear that currently bitcoin is a commodity.
All forms of currency go through different stages of growth before becoming currency
First they are collectibles, then a store of value, then a medium of exchange, and finally a unit of account. We are in the collectibles stage and transitioning into a store of value.
But again. Don’t believe anything I am saying. I am not evangelizing.
2 Reply
Ed Tamayo
Investor · Sugar Hill, GA · Member since 2014 · 168 posts · 97 votes
4y
Quote from @Account Closed:

What's your opinion on this news just off the wire: Another day, another hack
Hackers Steal Over $600 Million in Cryptocurrency From Ronin Blockchain Network
March 30, 2022 https://www.theepochtimes.com/...

Hackers have stolen more than $600 million in cryptocurrencies from a gaming-focused blockchain in a heist described as “one of the bigger hacks in history.”

The hackers made off with millions of dollars worth of Ethereum and USD Coin from Ronin

Thanks for asking for my opinion on this. Hacking is a real problem for crypto and will continue to be for more time. I suppose that, eventually, there will be technical and governmental protections but, in the meantime, IF you have crypto you should keep it in "cold storage" and just keep some some change or expending money on the online exchanges. I used to think that the best way to do Cold storage was to have a computer that is non-connected to the internet to hold the wallet but now hardware devices are in a second generation and for $100-$200 are a reliable way to store your crypto.
1 Reply
Dave Carter
Rental Property Investor · Springfield, IL · Member since 2020 · 36 posts · 35 votes
4y
If anyone wants to better understand Bitcoin (and find answers to many big the questions posted here), I’m enjoying this bitcoin faq podcast episode. Episode 13
https://podcasts.apple.com/us/podcast/the-progressive-bitcoiner/id1601045370?i=1000555605261
👍
0 Reply
Matthew M.
Los Angeles, CA · Member since 2018 · 86 posts · 86 votes
4y
@James Hamling you are right that if the US banned bitcoin it would hurt. My question to you is, why such conviction in your forecast? What makes you so sure that bitcoin will be banned? XRP, for instance, just won a lawsuit against the SEC which effectively deems it NOT a security, bitcoin and ETH both passed this test as well. What tea leaves are you reading that I am not?
Thanks,
0 Reply
Account Closed
Investor · Scottsdale Austin Tuktoyaktuk · Member since 2021 · 4k+ posts · 4k+ votes
4y
Quote from @Matthew M.:

@James Hamling you are right that if the US banned bitcoin it would hurt. My question to you is, why such conviction in your forecast? What makes you so sure that bitcoin will be banned? XRP, for instance, just won a lawsuit against the SEC which effectively deems it NOT a security, bitcoin and ETH both passed this test as well. What tea leaves are you reading that I am not?
Thanks,

Taxes. If they can't find a way to tax it, they will ban it.

Do you really believe everybody reports their crypto to the IRS? (Hint: The IRS doesn't think that they do ;-)
0 Reply
Matthew M.
Los Angeles, CA · Member since 2018 · 86 posts · 86 votes
4y
@Mike Hern Still, all points sign to more adoption and regulation, including taxation. Coinbase for example sends 1099’s to customers. You have to check on your tax return if you hold or purchased crypto. It seems that if anything, it is becoming MORE widely adopted and accepted into the mainstream, and you have people here giving reasons why it will be banned, forecasting the future essentially, as to what will happen versus looking at what is actually happening. It would be an enormous policy pivot to ban bitcoin or any other crypto at this point, just seems extreme and I don’t see it happening, not to say it won’t, just seems low on the likelihood scale.
1 Reply
Rob Kishi
OP
Investor · Oakland CA & Las Vegas NV · Member since 2019 · 72 posts · 112 votes
4y
Quote from @Account Closed:

Quote from @Matthew M.:

@James Hamling you are right that if the US banned bitcoin it would hurt. My question to you is, why such conviction in your forecast? What makes you so sure that bitcoin will be banned? XRP, for instance, just won a lawsuit against the SEC which effectively deems it NOT a security, bitcoin and ETH both passed this test as well. What tea leaves are you reading that I am not?
Thanks,

Taxes. If they can't find a way to tax it, they will ban it.

Do you really believe everybody reports their crypto to the IRS? (Hint: The IRS doesn't think that they do ;-)

A large part of why it's difficult for people to understand bitcoin is they don't really understand how money works, thus they are not primed to "get it".

Here (link) is a podcast introducing bitcoin, and here (link) is another one sharing why it's important for those that would like to learn.
2 Reply
Account Closed
Investor · Scottsdale Austin Tuktoyaktuk · Member since 2021 · 4k+ posts · 4k+ votes
4y
Quote from @Rob Kishi:

Quote from @Account Closed:

Quote from @Matthew M.:

@James Hamling you are right that if the US banned bitcoin it would hurt. My question to you is, why such conviction in your forecast? What makes you so sure that bitcoin will be banned? XRP, for instance, just won a lawsuit against the SEC which effectively deems it NOT a security, bitcoin and ETH both passed this test as well. What tea leaves are you reading that I am not?
Thanks,

Taxes. If they can't find a way to tax it, they will ban it.

Do you really believe everybody reports their crypto to the IRS? (Hint: The IRS doesn't think that they do ;-)

A large part of why it's difficult for people to understand bitcoin is they don't really understand how money works, thus they are not primed to "get it".

Here (link) is a podcast introducing bitcoin, and here (link) is another one sharing why it's important for those that would like to learn.
I think crypto will continue to expand. The problems aren't with the technology (I'm just playing with you on that one). The issue is in governments maintaining the control of the people through the money supply through the central banks, which gets pretty deep, pretty fast.
A free people has no central bank, no Federal Reserve. (which of course is neither Federal nor a "Reserve". Along with the Treasury, the Federal Reserve controls access to money.
Crypto takes away that absolute control.
A lot of powerful people control the money supply and as Gandalf says in "Lord of the Ring", "there is only one who can control the ring, and he does not share power".
Crypto is a threat to the status quo. The Fed will not go away nicely.
0 Reply
Account Closed
Investor · Tempe, AZ · Member since 2015 · 65 posts · 31 votes
4y
Bitcoin is a 1T threat. All the other coins are a 1T threat. Gold+Silver is a 10T threat to the FED.
If the FED tries to introduce a "Fed-coin" or CBDC, this will be very aggressive competitor to the banks' financial models... and then banks will become a threat.
The PCE/CPI/OER are (finally after decades of manipulation) trending higher, which is a threat to the FED. Fiscal spending programs like UBI/gas-checks are a threat to the FED
2-10Y yield curve inversions and repo-market/1 month inversion are a threat to the FED.
Petro/euro, petro/ruble, petro/bitcoin are all threats to the FED.
Housing recession, housing affordability, soaring rents, financialization of housing are all threats to the FED.
My point is that I'm the biggest Bitcoin bull, but only because there's breakage at every seam. I don't think the manipulation can go on very much longer. Whether it's 1 month, 1 year, 1 decade I think we're in the 9th inning. Bitcoin or not, there are cracks in every corner of the financial system. Bitcoin is just the best option, IMO. But no matter what I think we're in for a world of hurt.
1 Reply
James Hamling
Real Estate Broker · Minneapolis, MN · Member since 2011 · 5k+ posts · 6k+ votes
4y
Quote from @Matthew M.:

@James Hamling you are right that if the US banned bitcoin it would hurt. My question to you is, why such conviction in your forecast? What makes you so sure that bitcoin will be banned? XRP, for instance, just won a lawsuit against the SEC which effectively deems it NOT a security, bitcoin and ETH both passed this test as well. What tea leaves are you reading that I am not?
Thanks,

Thank you for the question.

Thing is, I am actually shocked how it seems near to none who seem to be so "into" BitCoin are actually with what is arguable the 3rd or 4th most activly discussed, analyzed and looked into aspect of it which is the federalization, or adoption by the U.S. Government as legal tender. This actually goes back many years, even to when I was pre-fork mining myself (betting a few just fell of there chairs on that little tiddy of 411).

What I draw on is the vectoring of such discussions/ analysis/ statements/ etc. which has been growing at a compounding rate. Now cross reference this by historical review, and it all becomes all but mathematical certainty.

And to boot, it's looking like we are in last phase's before the actual "power grab", as they have started "telegraphing" of such, releasing reviews and op-ed's on the "should" the fed ___, and "what if" the gov ___.

Which come to last which is why. Simple, $ and control. Central banking has been the greatest weapon in the U.S. dominance arsenal for many many decades now, right now today alone you see the U.S. actively engaged in war, via proxy AND via our currency. How many countries does the U.S. control via currency? We have invaded many countries with our armies, but conquered virtually ALL with our currency. Simply put, do you believe those in control and benefit of such will just clap hands and say "well boys, that's it, we had a good run, close up shop, were done, oh well"???? And, the standard measure of combat for such is if you can not beat them, DEVOUR them and make "them" yours.

I see this coming as obvious as the sun rising in the east, it really truly is that obvious what is to come of it.

I believe they will use a two phase method of first taking control of BitCoin, and crypto as a whole, eliminating other crypto via regulation, then "testing" with BC until have there own worked out via the BC "beta test" at which time the "swap" will be announced with date of end of BC of legal tender, probably with some interesting pre-cursor event's and reasonings such as it's not secure etc. and all "must" swap to the new Fed Wallet Coin or something. Never let a crisis go to waste.

Look, the answer to "what is the most ROOT central nexus of power and control in the U.S." is simply the financial system there of. The military industrial complex depends upon it, think on that for a moment. There is zero chance they will lay down to some decentralized system, plain and simple. When freedom reigns supreme maybe, but that is not now, we live in this day and age of PERCEIVED freedoms.
0 Reply
James Hamling
Real Estate Broker · Minneapolis, MN · Member since 2011 · 5k+ posts · 6k+ votes
4y
Quote from @Jason Kudo:

@James Hamling
@James Hamling
@James Hamling
Did you not read what I wrote?
What happened to bitcoin when the chinese and indian governments made it illegal? NOTHING. In fact, it gained more adoption by their citizens.
What is bizarre to me is you not understanding my comment about Paypal. I think you are too old. The original argument was that the value of bitcoin is backed by nothing. So the counter argument is what is the company value of paypal backed by? They are both payment rails and methods of transaction. They are both backed by the service they provide. Bitcoin happens to have it’s own built in currency to represent the service’s value.
No one is asking you to trust bitcoin or me. Watch and learn.
We are already seeing family offices, hedge funds, pension funds, etc allocate to bitcoin.
Give me an example of a fundamental weakness of bitcoin.
Also, give me an example of something I said that is nauseating techi-ness narcissistic rant.
Also, give me an example of me pointing out that anyone is dumb for not agreeing except in this post where I did mention you possibly being too old to get it.. This is a discussion and as such counter arguments should be viewed as normal but for some reason you seem to think otherwise.

So, in your world, when BC is made NON-useable it will be worth more? Do you hear yourself? How high does someone have to get to make that make sense? So if a person can not use BC in any transaction what so ever, or in any banking method or anything of exchange in the US, then it will be great and all will use it.... For what exactly?????
Again, this is what's wrong with the BC Kool-Aid-Crowd, so high on the smell of your own farts that have 0 ability to hear anything, even the most simplistic of simple, because it does not support the doctrine.
How about this, how about you practice what you preach, sell me 100% of your real estate and I will happily pay you in BC, how about that. Then you can focus on the BC investing because it's so great, right.
0 Reply
James Hamling
Real Estate Broker · Minneapolis, MN · Member since 2011 · 5k+ posts · 6k+ votes
4y
Quote from @Dave Carter:

@James Hamling
Ok, don’t buy any bitcoin then. You obviously don’t want to. So, don’t. :-)

FYI, I was mining BC long before it hit $0.50 per.
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