I finally found a tenant who will pay me in bitcoin \ stacker news ~bitcoin

pull down to refresh

I finally found a tenant who will pay me in bitcoin

1441 sats \ 42 comments \ @siggy47 2h bitcoin

I don't want to exaggerate the significance of this event. I have been trying to do this for years without success, and when it happened it was sort of no big deal. Maybe that's a good thing. I own a little mobile home trailor that I have rented for years. I have had some turnover recently. I found a tenant over the weekend who wanted to pay me with cash app, so it was a pretty easy bridge to offering him a discount for paying with lightning.

It still feels good. Maybe Dorsey is on to something.

view all related items

186 sats \ 9 replies \ @SimpleStacker 2h

Is the contract denominated in dollars or in bitcoin?

36 sats \ 2 replies \ @DarthCoin 2h

it really doesn't matter.

0 sats \ 1 reply \ @j7hB75 1h

Why not?

0 sats \ 0 replies \ @DarthCoin 1h

Because the tenant is just a total nocoiner that just started and barely knows what bitcoin is... take it easy.

0 sats \ 5 replies \ @siggy47 OP 2h

It's a month to month lease denominated in dollars. He only gets the discount if he pays with bitcoin. So far, so good. He paid first month & security with bitcoin.

36 sats \ 4 replies \ @SimpleStacker 2h

awesome. did he comment on how it made him feel?

67 sats \ 3 replies \ @siggy47 OP 2h

Unfortunately, I don't think he knows the first thing about bitcoin. Most of my prospective tenants are low wage workers who are living hand to mouth. All he cared about was that it was a way to get a discount.

36 sats \ 2 replies \ @SimpleStacker 2h

I wonder if we could try the opposite as clients. Offer to pay a premium if the seller lets us pay in bitcoin.

0 sats \ 1 reply \ @siggy47 OP 2h

Maybe. I really think it all depends on the type of dwelling you're talking about. What I own is really low end. Think "Trailer Park Boys".

Landlords and tenants of nicer places might be more convential normies who will fear "crypto."

36 sats \ 0 replies \ @SimpleStacker 1h

Haha I knew siggy was a slumlord :)

57 sats \ 7 replies \ @Scoresby 2h

Great job! Did your tenant act like you were making a weird request, or were they totally normal with it?

100 sats \ 5 replies \ @siggy47 OP 2h

Good question. I use a resident I know there to find me tenants. For years I have told her to offer prospective tenants a discount with bitcoin. The conversation was always awkward. She obviously thought I was nuts. This time, the tenant uses cash app all the time, so he sees the bitcoin option on the app constantly and thought it was normal. Usually I deal with people who pay with venmo or zelle.

36 sats \ 4 replies \ @WeAreAllSatoshi 25m

Someone told me cash app is only for sketchy people and/or transactions. I was unaware of this stigma.

50 sats \ 3 replies \ @siggy47 OP 22m

Yes. There is a big stigma, or at least there was. I don't know why. It's no different than venmo, so far as I can tell.

36 sats \ 2 replies \ @WeAreAllSatoshi 21m

I don't know why, either. It requires KYC just like Venmo, so I don't see why it's different. Maybe it didn't used to?

50 sats \ 1 reply \ @siggy47 OP 18m

I think it was always KYC. I remember the stigma going way back. I have to be honest. Before I retired, and before I got into bitcoin, I got cash app because all of my criminal clients used it. None of them had venmo like me.

36 sats \ 0 replies \ @WeAreAllSatoshi 18m

Hah! Another data point

36 sats \ 0 replies \ @DarthCoin 2h

good question

36 sats \ 6 replies \ @jasonb 2h

Congrats! That’s huge!

71 sats \ 5 replies \ @siggy47 OP 2h

Really, it doesn't feel huge. It was a thirty second conversation. Maybe THAT is huge.

57 sats \ 3 replies \ @DarthCoin 2h

Important is that you planted a seed into his brain and will never forget it. You cannot unlearn about Bitcoin.

0 sats \ 1 reply \ @siggy47 OP 2h

That's what I'm thinking. I so wanted to do this I really gave him a good deal. It will give him a positive association, and maybe he will start studying it. I usually develop a friendly relationship with my tenant over time, so maybe I'll slowly bring him along.

36 sats \ 0 replies \ @DarthCoin 2h

next meeting with your tenant will be like...

0 sats \ 0 replies \ @ihatevake 2m

bitception

36 sats \ 0 replies \ @jasonb 2h

The more boring Bitcoin gets, the more it shows real adoption is happening.

86 sats \ 1 reply \ @elvismercury 1h

I wonder what this really means when all of it happens invisibly, converted magically by Cash App. Not that it's not worth doing - awareness matters - but what's the net accomplishment?

0 sats \ 0 replies \ @siggy47 OP 1h

I'm really glad you brought this up. I wonder the same thing. In this case, there might have been a benefit. Maybe it's worth going into more detail. Cash app does a very automatic switch between bitcoin and dollars. But, in my case, I wanted to be paid in lightning for a number of reasons, one of which was the possible increase in on chain fees causing issues. Anyway, the trailer and my new tenant are in a state where cash app offers lightning. Where I am in NY, cash app doesn't. So, the tenant had to learn the difference between on chain and lightning. I would prefer payment to my own node anyway, so he had to learn to pay a lightning invoice to make his first payment to me. That's something, I guess.