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42 sats \ 4 replies \ @OT 8 Jul \ parent \ on: Property Management built on Bitcoin (The Better Bitcoin Business Model) bitcoin
I don't know if thats a good idea. Having the discount to start with is a good enough incentive to get someone to pay rent with bitcoin. No need to make it too complicated.
What part isn't a good idea....the lawyer and the lease language? If so - I agree :)
We may not institute the language and keep it verbal for now.... I just worry a bit about ending up in a tough spot without having it written down.
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The giving bitcoin back part. There's a good enough incentive paying a lower rent with bitcoin. The savings they earned are what they keep in bitcoin.
Usually we have a boom then a long drawdown in a typical cycle. If you have the boom then start giving back Bitcoin during a 2 year bear market its going to be trouble.
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Thats kind of the beauty of the incentive being dependent on the future "price appreciation" of the bitcoin paid....if the network is doing well then the residents benefits and it could be significcantly and if it isn't...then the share is less or nothing at all....this way they have skin in the game of helping to see the network succeed and my risk is ensuring I haven't overleveraged my business and that I can weather those downturns.
For me its a win-win all around and for the resident/customer its a win-win or at worst break even as without the incentive they are just paying their rent in FIAT and I am immediately buying bitcoin with it.... they have at least a chance of seeing a savings... In the last three months they have saved a total of $1,013.57....