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    Author Topic: Paying house rent with bitcoin is it appropriate?  (Read 1564 times)
    Smack That Ace
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    January 17, 2024, 12:33:50 PM
     #61

    Glancing through the article https://cointelegraph.com/news/bitcoin-rent-agreement-argentina-landlord-tenant one would conclude adoption is striving in Argentina. Paying for a house with bitcoin sounds to me a mistake or lack of financial knowledge. Bitcoin is better than Fiat. Bitcoin increases in value and fiat faces inflation. Why then would one spend Bitcoin instead of fiat on a house rent which may expire in few years? Accommodating the Bitcoin can birth the person more money to pay his next house rent. But fiat wouldn't add any interest in the bank. Moreover the house owner will not hold the Bitcoin.

    Renting houses through Bitcoin is undoubtedly a groundbreaking step and such a step plays an important role in Bitcoin adaptation in the world. As Bitcoin has many benefits, especially money inflation, but if Bitcoin is used as payment for rent or any other business, then deflation can be mitigated.will be But slowly, people all over the world will do house buying and selling, house renting, car buying and renting activities etc. in exchange of bitcoins. Since Bitcoin works against inflation, Bitcoin picks up where fiat fails.
    I don't think using bitcoin to pay rent or using it for any other business will help reduce world inflation. As long as fiat currencies remain the world's primary currency and primary yardstick, bitcoin will not be able to change inflation. It can be said that Bitcoin is a hedge against inflation, but it will be useful for bitcoin owners. Bitcoin cannot change the world's general inflation situation. Inflation is a huge problem and many factors are needed to control them, not just using bitcoin to easily solve inflation.

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