Thought experiment: what would happen if the majority of landlords require rent in Bitcoin?
Discussion
In the US the consequence would be either 1) have insufficient renters; or 2) being sued to death. That said, slowly encouraging folks to volunteer payment in bitcoin through a partnership with nostr:nprofile1qy2hwumn8ghj7etyv4hzumn0wd68ytnvv9hxgqg4waehxw309ajkgetw9ehx7um5wghxcctwvsqs6amnwvaz7tmwdaejumr0dsqs6amnwvaz7tmwdaejumr0dsq3qamnwvaz7tmwdaehgu3wwa5kuegpzpmhxue69uhkummnw3ezuamfdejsz9rhwden5te0wfjkccte9ejxzmt4wvhxjmcpz3mhxue69uhhyetvv9ujuerpd46hxtnfduqzpjdak6fvau05qvekhelq570cgdhxl0pjtgxjap6xcjmngg35ufaynl4wv2 could get the ball rolling.
It’s difficult to predict the future but worth thinking these things through.
Thank you, John.
Absolutely, it's actually part of my fiat job is thinking about exactly these things. I would love to see some entrepreneurial landlords figure out a way to profit off orange pilling normal people just trying to live their lives. Win Win...WIN
Imagine a clause in a tenancy agreement along the lines of the monthly rental dropping as the purchasing power of satoshis goes up!
It would be interesting particularly where some renters pre-pay. You wouldn't want to discourage your renters from doing so because more money now is good. There would be really interseting dynamics in commercial long-term leases where collaborative multi-sign joint ownership of bitcoin collateral would go a long way to help renters deal with the consequences of a downturn in business and not being ejected if they can't make rent for a month or two.
Even so, this is the difference between earning revenue in bitcoin vs holding bitcoin on your balance sheet.
One is on your income statement, the other is a balance sheet asset.
Agreed. Sats flow is a different game than cash flow. A landlord asking for rent denominated in bitcoin has to build in appreciation or they’re going to lose tenants every few months.
Very few businesses can accurately price (nontrivial) recurring payments in bitcoin at the levels of adoption we’re at now.