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A comment on Cambridge Bitcoin Electricity Consumption Index. Parent comment

Re:Cambridge Bitcoin Electricity Consumption Index by rvx80 on Wednesday February 10, 2021 @09:04AM (#26089218)
You can't just buy a house with a suitcase full of cash these days, it's not possible. The gov will be asking where that money came from, to prevent money laundering and to ensure it's not proceeds of crime. Whether not you agree with that, this is the situation.

The idea that somehow they'll let you buy something with Bitcoin without requiring the same level of disclosure is a complete fantasy.

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Re:Cambridge Bitcoin Electricity Consumption Index by gambiting on Wednesday February 10, 2021 @09:08AM (#26089279)
While I think technically there isn't anything stopping you from buying a house with hard cash in the UK, I very much doubt that either side's solicitor would agree to it without extensive documentation as to where how and when you got that cash.
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Re:Cambridge Bitcoin Electricity Consumption Index by rvx80 on Wednesday February 10, 2021 @09:31AM (#26089588)
Yes, for clarity I meant to say "you can't just buy a house with a suitcase full of cash and no explanation of where it came from".

I'm sure it's possible, although almost certainly very much not really liked by your solicitor!

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Re:Cambridge Bitcoin Electricity Consumption Index by riffraff on Wednesday February 10, 2021 @09:16AM (#26089383)
> You can't just buy a house with a suitcase full of cash these days, it's not possible

I must point out I know a couple people who did that in Hungary in the last ten years, just because it seemed absolutely insane to me (cheques don't exist here, either..).

I am reasonably sure this isn't that common though, and the government still tracks the transaction :)

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Re:Cambridge Bitcoin Electricity Consumption Index by XorNot on Wednesday February 10, 2021 @09:36AM (#26089653)
I mean the only reason you own a house is because the government tracks the transaction.
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