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A comment on It’s not still the early days of blockchain. Parent comment

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.

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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.
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