In my country if you rent a house you must put up a bond usually 4 weeks rent so say rent is $500 per week $2000 bond is required and is held by a rental authority in a trust account
With about 30 + % of people renting I see the potential for someone to overhaul this and let Bitcoin be used for your bond.
So you put up say $2000 or maybe you have to put up more to allow for the volatility and you transfer that into a holding wallet or maybe a multi sig with the property owner?
Then if the bitcoin price pumps you can then take some back if you go X amount above the bond requirement and on the flip side if the price drops by x you need to put more up etc..
Having a lot of BTC used and held in storage would have to be a good thing instead of using the fiat junk and id think that as it hasn’t been sold there is no tax implication and as it’s all about holding for long term that bond has the potential to grow in value instead of cash just losing value locked in a trust account
What’s the thoughts on this?