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First, this can already be done using MakerDAO CDP loans. Convert crypto to DAI using a CDP loan and then convert DAI to USD to purchase a property. Second, t
by ahnick 5y ago
First, this can already be done using MakerDAO CDP loans. Convert crypto to DAI using a CDP loan and then convert DAI to USD to purchase a property. Second, there are many people that own cryptocurrency that are not money launderers and tax evaders who might like the convenience of paying their mortgage with cryptocurrency.
- knownjorbist 5y agoAlso doesn't have to be DAI, any stablecoin works. People worked up that this would enable money laundering seem blissfully unaware how easy it already was to begin with. It's so strange to me that Hacker News of all places has a very vocal anti-crypto, anti-decentralization crowd whenever any news like this comes out. In other threads they're unironically complaining about "big tech censorship" or the increasing control banks have over one's life!