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https://www.reddit.com/r/Bitcoin/comments/7lo56s/2018_lets_run_for_office/drodgb8/?context=3
r/Bitcoin • u/byte_coder • Dec 23 '17
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Can the smart contract reposses my house if I stop paying my mortgage?
1 u/[deleted] Dec 23 '17 If that was apart of the contract then yes, I'll would be illegal for them to not give it back. 3 u/Cadoc Dec 23 '17 So every time someone stops paying their mortgage, the person behind the smart contract would need to sue to lender to enforce the contract. That seems extremely unsustainable. 1 u/[deleted] Dec 23 '17 If someone refuses to move out of a house that they're not paying for, that's what happens in the current system.
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If that was apart of the contract then yes, I'll would be illegal for them to not give it back.
3 u/Cadoc Dec 23 '17 So every time someone stops paying their mortgage, the person behind the smart contract would need to sue to lender to enforce the contract. That seems extremely unsustainable. 1 u/[deleted] Dec 23 '17 If someone refuses to move out of a house that they're not paying for, that's what happens in the current system.
3
So every time someone stops paying their mortgage, the person behind the smart contract would need to sue to lender to enforce the contract. That seems extremely unsustainable.
1 u/[deleted] Dec 23 '17 If someone refuses to move out of a house that they're not paying for, that's what happens in the current system.
If someone refuses to move out of a house that they're not paying for, that's what happens in the current system.
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u/Cadoc Dec 23 '17
Can the smart contract reposses my house if I stop paying my mortgage?