Topic: How can Bitcoin be used as loans for real estate? - page 2. (Read 283 times)

we are credited through the use of bitcoin but the centralization and acceptance of the government will be impossible up to this day because we all knew that bitcoin is not a government property and so many people are using it instead of banks. it can't be for real estate.

I don't think that what you're saying is in fact truth at all. Being considered as money has nothing to do with gaining credit, there is absolutely no link whatsoever. By that logic when a friend lends you some sugar because you are out of sugar and you'll buy him some more next week, then sugar is a 'money'.

You do not need government approval to get a loan, the bank or some private individual signs this off, of course they must comply with government regulation but they do not need approval from the government.

How is bitcoin disruptive to states and governments? Your point here is irrelevant anyways as my above point explains.

Bitcoin can be money, in fact you could argue it already is, the most basic of defintions are along the lines of 'something that can be used as a medium for exchange of goods and services' one could argue bitcoin already fits this definition.

Bitcoin is not a gold substitute and never will be, they are entirely different things. There are of course similarities in that they are both scarce and finite. Otherwise they function very differently, bitcoin being digital and gold being physical are the most obvious of things. Bitcoin has steps to overcome to be accepted as a payment method but it is entirely possible this could happen, with gold it will not happen, it is too bulky to be used.

You can only buy real estate with bitcoin IF the government in which where you are trying to buy real estate allows it, so at least when it comes to real estate, bitcoin is still subjected to government approval, therefore the state/government has an huge amount of control on what bitcoin can do. Not being able to buy real estate with it is a constant sell pressure for bitcoin since anyone wanting to do real estate business is forced to take a pretty big dump for fiat first. This is a problem.

If one could buy real estate directly with bitcoin, you would give the real estate to the owner and this bitcoin would (in principle) be converted back to fiat. Now the owner can do whatever he wants but at least it isn't a requirement.

I know some people has bought real estate with BTC but these cases are still:

1) Marginal
2) Still has government approval otherwise it wouldn't be happening

This senerio you raised is appertaining to legality of bitcoin. Where the government has to approve a loan whose primarily source of repayment or refund is bitcoin whose legality is still hanging and debated, it means the deal is failled already.

Obviously, this is a real and positive senerio you have come up with and my response is, based on if the jurisdiction has legalised bitcoin or not. Hence, if it has not, the loan might not pull through .

If bitcoin wouldnt be so volatile government might reconsider their actions towards bitcoin. Anonymity is also one thing to look at since most bitcoin users are anonymous except for the ones who do trading at the market.


We are using it as a "money right now, but government and most financial institute look the other way. Without the acknowledgement of the government bitcoin will still be a bubble, scam etc. and wont come near gold.

You can loan your bitcoin in real state because bitcoin is like your investing wallet its like a ATM card or bank accounts

The characteristics of money are well known to almost everyone in the forum and I have yet to see one instance in which being able to give credit was part of any definition that I have ever seen, second loans do not need the approval of governments, do you need to get permission of the government to lend 10 dollars to your friend? Banks face regulations regarding the interest rates they can charge and several other factors, but they do not need permission from the government.

What about getting credit through private companies, without government acceptance. You could technically do the same thing that's being done on this forum. Get an escrow, provide collateral and get a credit from a private owner.
You can't expect the credit in cryptocurrency to work just like it does in fiat because there's no infrastructure behind it. Not enough specialized lawyers, bailiffs, notaries for it to work on a large scale.
There are companies that offer BTC loans, like this one: https://nebeus.com/

Some people say the earth is flat.....


No, you don't.


Where did you get that idea from?
Look at what Japan did.


Actually this is one tricky question now that I think about it....
From my point of view as long as it used to pay for goods and services and accepted by somebody it qualifies as money and I don't really see BTC right now being used as a gold substitute only and more "also like a gold substitute"

Some people argue that something cannot ever be considered as money if you cannot get credit through it, so for example you want to buy real estate and you need a loan, this needs government approval. How can Bitcoin ever reach that point of acceptance by a government if ultimately Bitcoin is disruptive against all states and governments? Or can Bitcoin be money even if it can only be used as a gold substitute?