Quote:
Originally Posted by Barry-xlovecam
I had an idea; why not make mortgage loans in bitcoin and payable in bitcoin value (not-indexed) at the time of the funding of the mortgage + some monthly premium like payable at 1/360 principal +.003 BTC/mo?
Want to fund any loans secured by real (property) assets?
I wonder what a court would say about a mortgage in kind -- because BTC is not legal tender
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I'm thinking about buying some "Pie in the Sky" with Bitcoin. Do you know anyone selling "Pie in the Sky"? Oh sorry, I got off topic. So basically what you are describing above would be an adjustable rate mortgage like with fiat money correct? Something that fucks over the ignorant a year or so down the line. Don't think it would work, BTC is like gold, you pay in full and no refunds or chargebacks. N'est-ce Pas?