pull down to refresh
8 sats \ 3 replies \ @ZezzebbulTheMysterious 15 Jan freebie \ on: Bitcoin Rent Agreement: Landlord And Tenant Sign BTC Contract In Argentina bitcoin
Why would you pay a landlord in BTC?
Paying precious sats for ephemeral shelter is absurd.
Greshams law -- 'bad money drives out good' -- would indicate that you should rationally pay in the most inflating asset first. Pay em in fiat, and watch it decay.
Paying rent in bitcoin is irrational
It gets interesting when the landlord starts paying a contractor to do property maintenance in Bitcoin, who in turn buys their materials from a hardware store in bitcoin etc.
It's how circular economies can begin to form.
Even if the original tenant is only spending and replacing.
reply
For example, it makes sense if your income is bitcoin. It won't be the only situation that makes sense, for sure.
reply
Sure, if you were paid only in sats and you had no fiat. I think Greshams law doesn’t apply with a single money.
I think it’s generally a comment on spending hard assets on soft ephemeral things — I can accept spending sats on vacation experiences (memories are personal assets) but rent is so pedestrian than one will regret, over the decades, the sats that were bled for housing extortion with nothing to show for it.
reply