Bitcoin for rent happening in the Philippines now | Hacker News Reader

Bitcoin for rent happening in the Philippines now

owners.trueproperty.ph

32 pointspmorle17 comments

When I've tried to read the article I got 404 response, so just in case that happens again:

http://webcache.googleusercontent.com/search?q=cache:http://...

http://www.trueproperty.ph/A-139144383731

I don't know what the laws regarding kicking out tenants in the Phillipines are, but I'd hate to be the landlord locked into this lease if the price of bitcoin drops significantly.

Or the the renter stuck paying if the price of bitcoin goes up massively. (and would that count as an increase in rent if there is any sort of rent control or limitation on how much rent can increase by?)

The same could happen with any currency (and does). Your rent would not fluctuate if the price of cars/tvs/food went up in the middle of your contract.

This seems like a terrible idea for all concerned. The price of bitcoin is anything but stable.

You'd pretty much want to pay the whole term up front to avoid regret on either side.

Or, agree that each month you'll pay the Bitcoin equivalent of an amount in the local currency, using (say) Bitstamp's current exchange rate.

That way you pay with Bitcoin, but don't have to worr about price fluctuations so much.

I've seen my bitcoin holdings rise and fall by orders of magnitude, but mostly it rises. You can get used to it if you have a bit of a buffer for living expenses.

It's no more irrational than being an entrepreneur.

It's quite a bit more irrational than being an entrepreneur, especially if you've invested so much of your money in bitcoin that living expenses are a "buffer".

If you do the calculations, you might find that the expected utility return from investment in Bitcoin is much greater than the expected utility return from bootstrapping a business.

>>It's no more irrational than being an entrepreneur.

I love this whole bitcoin thing, but let's not get carried away. Bitcoin is not at all comparable to starting a business unless _you_ are satoshi... then maybe we can talk. Bitcoin is just a step above blackjack at the casino; in that if you guess wrong you're money isn't just plain gone. You just have overpriced coins that you have to hold on to until the price rises again. Stock market is same, but you have some kinda business-logic and info to go on. Example, should you invest in Twitter now since their stock dropped recently? There is solid data and trends to look at. Your guess will be at least based on something. For bitcoin, who knows! Tomorrow MtGox might shut down, or Google might come out with G-Unit coins.

Hey, just because it's a crapshoot for you doesn't mean it is for me. Arguably there is more solid data in Bitcoin than in other closed companies.

Presumably this is connected to this kind of thing: http://www.bbc.co.uk/news/uk-25729140

Hey everyone. Sorry you had a bad experience after I posted this. We got a lot of traffic and the site went down. We are working on resolving it now.

Aaaaand, it's gone.

Link works for me.

Maybe they've restarted the server. Before it was just timing out and later returned 404, that's why I've posted the link to the google cache.

More like spinning up a few more AWS instances :0

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