Re:It’s not still the early days of blockchain
by shrimpx on Saturday January 15, 2022 @04:19AM
(#29945051)
That's a fair question but in if it's legal, why does it matter? People make their own financial decisions.
[ Parent
| on HN ]
Re:It’s not still the early days of blockchain
by yashg on Saturday January 15, 2022 @05:55AM
(#29945436)
If I am in a country from where I can legally send money to Dubai to buy property, should I still convert money to BTC for buying property? Common sense says no. It may be legal but I don't need to add another layer of complexity.
If I am in a country from where I cannot legally buy a property in Dubai, would buying a property via BTC route be legal? Definitely not.
The only scenario in which it makes sense to buy property directly in BTC is if I had bought BTC years ago when it was cheap, it would be better to convert it into a real asset like an apartment in Burj Khalifa and convert my on paper wealth into real wealth.
Re:It’s not still the early days of blockchain
by shrimpx on Saturday January 15, 2022 @02:56PM
(#29949614)
The core scenario in which it makes sense to buy property in bitcoin is if you already hold a ton of bitcoin. Then, selling the bitcoin in order to pay fiat for a house is the more cumbersome route to take.
Re:It’s not still the early days of blockchain
by logifail on Saturday January 15, 2022 @05:21AM
(#29945286)
A few years ago I was earning a fair chunk of loyalty points (and hence air miles) by buying gift cards in supermarkets, then immediately depositing the full value of the gift cards into a savings account of mine.
This was entirely legal, and I was Making My Own Financial Decisions™, but the route got shut down pretty quickly anyway.