Topic: [Short story] How do I use bitcoin as a means of payment! (Read 417 times)

In my nation (and I am guessing for OP as well) there is a good chance that you could have a law that says as long as there is an agreement, anything could be used. Like for example you could give 100 cows and get a land, and yes that is barter we used thousands of years ago, but it still works even today.

This is why I believe that we should not be focusing on the part where if it is legal or not, but the part how he used his bitcoin income on something that is tangible. Is it a better idea? I do not know, if he can turn a profit then it is a great idea, but if you ask me I would have stayed in crypto because I do not know much about any other business to be fair.

Don't get upset OP,  but tbh, your story is not coherent in any way. There is no single relationship between the title of the topic and the body. And there is no conclusion that connects with the introduction.  The title is a question of how to use bitcoin as a means of payment, while the body is explaining how you have already made the payment.
Then if the land seller is a bitcoin personality as you said, why advising him to convert the bitcoin to stable coin? He should be aware of what to do with it.
Well, since your topic said of how you bought land with bitcoin, congratulations for using bitcoin to make a purchase.

He has option with payment proof use price bought plot of land measuring after converting with bitcoin values without have use 1 bitcoin as payment proof, I think if country still not allowed using bitcoin as legal currency transaction when get problem he has chance losing plot of land measuring bought. But if both of them are trusted is not worry what ever payment currency kinds use for transaction but at the future we don't know about seller looks trusted or not. But for keeping plot of land measuring better change name and he use his name take care about what happen at the future later.

He has option with payment proof use price bought plot of land measuring after converting with bitcoin values without have use 1 bitcoin as payment proof, I think if country still not allowed using bitcoin as legal currency transaction when get problem he has chance losing plot of land measuring bought.

The transaction made by the OP seemed legit to me even though he paid the seller using bitcoin. It is possible that the OP did not mention payment via bitcoin on the proof of payment ^{[transaction receipt]} because he knows that bitcoin is illegal as a means of payment in his country. This allows him and the seller to sign a receipt with the estimated value of the payment in fiat instead of bitcoin which is not legalized by his country's government.

Your story sounds invented to me to be honest, since you don't mention how the transaction was legally recorded. And the fact that it is in a place where Bitcoin is illegal makes it even stranger.

If I buy a house or land, I have to go to the notary and the property registry where it is documented that I acquired such property, for X money and that the form of payment is such.

Lately I have seen several stories of this style that talk about using Bitcoin as a means of payment and it gives me that at least some of them have more to do with trying to get merit than with a description of reality.

This didn't happen by chance because I know that the landowner is one of those people who are also bitcoin users.

This is a real event, I told the seller that he has to convert his bitcoin directly to stablecoin if he doesn't want the money I paid in bitcoins for his land payments to fluctuate.

This is my short story with, so have you ever used bitcoin as a means of payment for the purchase of physical assets like land or anything else?

Usually, to avoid these inconveniences, the amount of the sale in the contract is underestimated.

This is a real event, I told the seller that he has to convert his bitcoin directly to stablecoin if he doesn't want the money I paid in bitcoins for his land payments to fluctuate.

His story might not be a fabricated one but we can't totally trust people. In my country you don't need to mention how the payment was made before you legally register a landed property. All you need to do is to make the payments in whatever means you and the seller agreed and get a deed or conveyance prepared by a lawyer and the deal would be sealed. The surveyor and lawyer would do all the necessary government registration. The government might trace the payment transactions only if any of the parties is a suspect fraudster or corrupt practice.

I am excited with your transaction bought plot of land measuring using bitcoin as transaction payment, but what have you did this legal at the future and how about your certificate could be allow by government or not. I think really worry when your transaction using bitcoin depending what ever kinds of transaction sending between exchange to exchange or not but when legal by government and saw about the payment way will make them not change your plot of land measuring bought?

I both signed the receipt that I had prepared as proof of payment written on stamp duty.

Let's talk a little about a real incident that I did with bitcoin in the last 1 month and just processed the payment in the last 7 days. I have an investment of more than 1 bitcoin which is equivalent to $28,500 (estimate) at the time I processed the payment. I bought a plot of land measuring 850M² with a total price of 0.6+ bitcoin or equivalent to IDR 200,000,000 at that time. This didn't happen by chance because I know that the landowner is one of those people who are also bitcoin users. Although bitcoin is not legal tender in my country but I did it without anyone knowing and it is a transaction involving only seller and buyer and so far I have processed this land certificate safely.

I tried to remain undetected making these payments because I knew I would be punished by the government if I announced them. The seller received my bitcoin payment directly to the exchange (from exchange to exchange) and I both signed the receipt that I had prepared as proof of payment written on stamp duty.

This is a real event, I told the seller that he has to convert his bitcoin directly to stablecoin if he doesn't want the money I paid in bitcoins for his land payments to fluctuate. So even though I know bitcoin shouldn't be used as a means of payment in countries that haven't legalized it yet, but it's always a useful option if a buyer and seller reach an agreement.

This is my short story with, so have you ever used bitcoin as a means of payment for the purchase of physical assets like land or anything else?

This story is also the first thread that I created in this forum. It will definitely feel special to me.

Not only that, also that many of them are centralized, to the extent some can even be freezed on noncustododial wallet.

Your story sounds invented to me to be honest, since you don't mention how the transaction was legally recorded. And the fact that it is in a place where Bitcoin is illegal makes it even stranger.

If I buy a house or land, I have to go to the notary and the property registry where it is documented that I acquired such property, for X money and that the form of payment is such.

Lately I have seen several stories of this style that talk about using Bitcoin as a means of payment and it gives me that at least some of them have more to do with trying to get merit than with a description of reality.

This is my short story with, so have you ever used bitcoin as a means of payment for the purchase of physical assets like land or anything else?

If most forum users have the same thoughts as you, then really every thread created by newbies and low ranking users here is something that would be considered only for merit. So think positive and ignore sentiments that you shouldn't respond to.