madness...
https://money.yahoo.com/bitcoin-and-housing-collide-as-home-sellers-accept-crypto-195630096.html
I have no problem accepting bitcoin, be it for rent or for an entire home purchase.
As I'm not "investing" in cryptocurrency I'd just peg it to the spot USD rate and convert upon receipt.
What exactly do you object to OP? Use of the currency in general, or to people's collection of it, or its use for high-level purchases?
What happens if the coins involved in the transaction are traced to a hack and a court somewhere in the world orders the return of the stolen property to its rightful owner? Could they put a lien on the house? Doesn't the house become the easiest asset to seize?
If it's accepted in good faith I think the seller has some margin of protection, at least as much as accepting a cash offer. If you sell your house and a few weeks later the police learn that the buyer purchased the home with embezzled funds, that wouldn't come back on you - why would cryptocurrency be any different?
Also, it's my understanding that it's far harder (by design) to show where crypocurrency originated from.
Makes sense... I guess I was just getting to the 'root' of it, in the sense of "where is all the crypto coming from to begin with?" - someone "invested" it originally right? I don't think most people would go buy cryptocurrency so they could, in turn, go buy a house with it.
I suppose the "madness" was perhaps just a reference to the speculative growth of crypto and how, seemingly, many people are starting to cash out of it for houses.
On the flipside, I wonder about all the other people accepting crypto for their home and if they're doing so not because they want to open up the potential pool of buyers but really *because* they want a "piece of the pie" when it comes to crypto "investing" e.g. "If I sell my house for $500k worth of Bitcoin, I can hold it and become a millionaire in a matter of months! WIN!!!"