100 sats \ 0 replies \ @thecommoner OP 5 Sep \ parent \ on: Property management built on Bitcoin bitcoin
Absolutely all downside risk is on me - the contract is written in FIAT terms - as that is the how I had valued the property when it was purchased and currently all the expenses are valued...so the resident(s) will pay sats based on exchange rate at the time rent is due....
they can "recognize" the 50% share of value appreciation in those sats at any time for the 6 month period afterwards....so this is the real risk to the model....if FIAT value of sats moons...lets say 10x's they could in essence "lock in" 3 or 4 months of rent free in FIAT terms....and if I have overleveraged myself and the FIAT value of those sats drops again....it is on me (the business)....now I know this, and I am not over-leveraged and I am know this will happen from time to time....and I welcome it :)
My hope is that it would also strengthen my resident(s) willingness to use sats even more in the future and maybe even harden their resolve to my level...and have them begin pushing other businesses and/or starting their own businesses operating on Bitcoin!