I just learned that Germany has introduced a law that makes it illegal to purchase real estate using Cash, Gold and/or Bitcoin (§16a GWG) to “prevent money laundering.” -
164 sats \ 1 reply \ @ae52f929c 7 Jul 2023
There is definitely a massive amount of missing context here, if you think about this for more than 5 minutes.
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10 sats \ 0 replies \ @tomlaies 7 Jul 2023
Housing crisis + zoning laws preventing more construction + taxes based on deal size
My family bought a few apartments in Frankfurt while interest was still <1% in the pandemic. Every private seller wanted to pretty up the deal with "favors" aka physical bank notes. It was actually insane. We looked at a nice place where literally all neighbors above, below, right, left were american & british private citizens - people where bluntly asking "don't you have something for me" at the very first visit. Completely bananas.
This law has literally nothing to do with Bitcoin. They just want to make sure they don't miss a single euro to be taxed.
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50 sats \ 1 reply \ @WeAreAllSatoshi 7 Jul 2023
Can I ask what the purpose is of using hashtags in your post? I don’t think it does anything on this platform?
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0 sats \ 0 replies \ @CarlBMenger OP 7 Jul 2023
Good to know. Just changed it. Thx for reaching out.
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2 sats \ 9 replies \ @JesseJames 7 Jul 2023
I don't know man, you cherry picking....
"... provided by means other than cash, crypto values, gold, platinum or precious stones..."
If that's even applicable to the entire context, you can't even buy anything with cash or gold...
So, there is that... On another note, who cares? Now you know do NOT buy land in Germany.
the entire thing is about "...§ 16a Ban on cash payment when buying real estate
..." Bitcoin is just swept (in your opinion) with that. Plus Bitcoin is NOT crypto ...lol
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5 sats \ 7 replies \ @Emblematiz 7 Jul 2023
What does "bitcoin is not crypto" mean?
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0 sats \ 6 replies \ @tomlaies 7 Jul 2023
It means people on Stacker News are reading everything in bad faith.
The cited law said "crypto". Not op. This edgelord thought he needs to show it to us all by repeating the sentence as if this wasn't the shared opinion by literally everybody here. He probably had a smug smile while unnecessarily shitting on op.
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0 sats \ 5 replies \ @Emblematiz 7 Jul 2023
Thanks for your answer. Although, I'm not getting it.
Are you saying that "bitcoin is not crypto" is the shared opinion by everybody here?
If so, could you please explain me what means this shared opinion?
Is it sarcasm?
Thanks for the patience. I'm a bit slow sometimes
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10 sats \ 3 replies \ @tomlaies 7 Jul 2023
I can't say for sure "everybody" but it's a fairly popular opinion. It means Bitcoin has an outstanding position in the space and shouldn't even be mentioned in the same breath.
To some extent even US Feds are agreeing with this and want to regulate Bitcoin as a resource like iron ore or gold and regulate Ethereum and others as securities like a bank or a stock etc. Although this is still up for debate
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10 sats \ 1 reply \ @JesseJames 7 Jul 2023
It's not an opinion , it's a fact :-)
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0 sats \ 0 replies \ @jeff 8 Jul 2023
It's neither fact nor opinion. It's lexical semantics.
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10 sats \ 0 replies \ @Emblematiz 8 Jul 2023
Ok. I think I got it. Thanks
Crypto here makes reference to the cryptospace/altcoins/cryptocurrencies. This is what I understood.
For a moment I thought crypto as cryptography. And just made no sense tome that BTC could not be cryptography.
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0 sats \ 0 replies \ @JesseJames 7 Jul 2023
In general terms is about ownership, so called crypto currencies have owners (Eth = Vitalik's band, XRP = Ripple and its CEOs and employees, USDC = Centre and Circle, Cardano - Hoskinson, etc.) Bitcoin is a protocol , it is free and opensource under MIT license, runs public decentralized ledger. No one owns it, there is no CEO, there is no company.
Bitcoin is a comodity like gold and wheat, the rest of "crypto" are securities no matter what they trying to tell you. BTC is a coin not a token like ADA. Hope that helps. Use your google-fu for more... :-)
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10 sats \ 0 replies \ @Craze 7 Jul 2023
Your circle changes you.
When I got into crypto space, considered bitcoin the crypto king. Now hanging out with maxiz here, bitcoin was never a crypto 🤣
BTC ISNT CRYPTO.
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0 sats \ 1 reply \ @ez 7 Jul 2023
Is this a new law? The URL has a mark that this was from 2017
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10 sats \ 0 replies \ @CarlBMenger OP 7 Jul 2023
“§ 16a GwG sieht ein Bar, Gold, Cryptozahlungsverbot,… bei Immobiliengeschäften vor. Das Verbot gilt für Asset Deals und Share Deals, die ab dem 1. April 2023 abgeschlossen werden.”
Translated: § 16a GwG provides for a ban on cash, Gold, Crypto payments in real estate transactions. The prohibition applies to asset deals and share deals concluded on or after 1 April 2023 (under 1.).
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0 sats \ 0 replies \ @SaToSHiWoMaN 10 Mar outlawed
stackers have outlawed this. turn on wild west mode in your /settings to see outlawed content.