Replying to Avatar DagzTagz

Listen, in 2019 I had enough {using the language} *crypto assets* to purchase a home outright… shortly thereafter, I was unable to even get an apartment because in order to prove my assets, I was required to liquidate them to “verify” (through an insecure software) bank approved cash holdings as I was fully living off of crypto at the time

Could have bought a home outright, but in practice couldn’t even get rented an apartment

The mortgage thing is sick… yes honey I’ll move a portion of my stack to an exchange and keep the rest on my HWW

Just let me have housing without triggering a massive tax event that actually DOES steal my crypto! Like literally will imminently state sponsor theft! 😂

I can tell who actually lives off of bitcoin and who doesn’t very easily by the way they respond to policy changes- we know.

GLOWIES just GLOOOOOO
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Keith Meola 6mo ago

Are you referring to the piece of legislation stating the assets need to be held in a US exchange to be considered legitimate collateral? I just read it 🤮

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DagzTagz 6mo ago

Yeah I find it very annoying (don’t get me wrong) but I also know mortgage legislation and between Dodd Frank and GLB there’s no way they’re gonna let self custody count… however, for the record, this isn’t a crypto specific thing

If you were to apply for a mortgage and you had $20k under your mattress, you would have to deposit that in the bank to claim as an asset AND you would trigger Anti Money Laundering checks so you’d have to sit on the wire for like 3 months until the AML checks clear

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Keith Meola 6mo ago

ahh I gotcha. Sad...