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I have a different experience. I bought a house here in Malta and used part of my bitcoin savings. I had to do fully kyc. Compliance they called it. They had to know exactly the source of the funds. A month later I was at a restaurant and coincidently I saw the guy who interviewed me about the source of funds. He was talking to strangers about his clients. So I know better. Sooner or later you will be hunted like an animal.

Zach⚡️ 2y ago

Personally, and again I could be very naive, but I would never accept that. I don’t want to buy a house until someone wants to trade it to me peer to peer for Bitcoin.

In your situation though, coin-joining everything after that transaction would definitely be a requirement. But again, they already know where you live. Totally oppressive form of surveillance, but that would happen with any sovereign money, like cash, gold, silver, etc.

All I’m saying is that bad people want to do bad things to rich people, irregardless of Bitcoin. Banks aren’t a solution. Multi-sig, fake wallets, burner wallets, and home security are better solutions but still not perfect. The ultimate solution to this is to live in a society where you can have some faith in those around you to do the right thing, but that can only happen after trust totally breaks down and gets rebuilt on a Bitcoin standard.

Being a digital nomad is probably a personal requirement until conditions improve for people holding Bitcoin (or any form of sovereign bearer money)

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Discussion

Jac 2y ago

To buy a home in BTC you will have to find a home you can afford in a mortgage inflated market. That could be challenging.

Zach⚡️ 2y ago

I’m holding until the debt/mortgage market collapses. I’m very young and can afford to be patient for a decade, or even two.

I also think people are far too bearish on Bitcoin. There are about 140 million “housing units” currently in the US alone, which means there are 7 United States living places per Bitcoin. Anyone who thinks houses won’t be in the 10s of millions of sats in our lifetimes is an idiot in my opinion.

Jac 2y ago

That crash seems pretty close to me.

🇮🇹 Ṭø§Č̣āṄɛĻĻø 🇮🇹 2y ago

Less.

Zach⚡️ 2y ago

To add to this further, I’ve stopped checking or maintaining a credit score. The bankers and the “lenders” who want me on a debt hamster wheel can GO FUCK THEMSELVES.

I would rather try and save honestly in Bitcoin for the things that I want and fail, then cheat and become a debt slave. The freedom of owing nothing to anyone but yourself is unmatched.

Jac 2y ago

Cash, Monero, and Bitcoin for me, cash only when I have to. No debt, no obligations. I agree it’s the way to go.

🇮🇹 Ṭø§Č̣āṄɛĻĻø 🇮🇹 2y ago

I wont lie, I'm even whooping their ass in their rigged game. And I have zero debt.

My credit score is alarmingly high lol