Thursday, March 21, 2013

Man selling house for Bitcoins, the first sale of its kind


Bitcoin realty
The thought of Bitcoins may make you laugh hysterically, unable to carry on a full conversation about the pseudo currency. Alternatively, someone calling Bitcoin a “pseudo currency” may have you up in arms, willing to spend all your precious, mined coins on a way to silence that obvious fool. Now, you can attempt to silence that obvious fool by pointing him toward Taylor More, a man that is attempting to sell his estate for Bitcoins. Along with pizza and Amazon gift cards, you can now purchase a home with the digital currency.
More’s estate, which sizes up at 3.6 acres, will cost you $405,000 Canadian, or $1,200 a month to rent. The one story home measures in at 900 square feet, and has two bedrooms and one bathroom. The estate also features a workshop measuring in at 2,800 square feet, that sports an extra two bedrooms and one bathroom. Best of all — depending on how you view Bitcoins — you don’t need to pay real money for it.
More isn’t rejecting the idea of a cash sum. He’ll take the $405,000, but he’s willing to knock down the cash price if Bitcoins are thrown into the mix. He’s also willing to perform the entire transaction solely using Bitcoins. At the moment, one Bitcoin is worth around $60 — a far cry from the days of yore when a pizza would set you back an amount of Bitcoins reaching into quadruple digits. Now, the house will set you back around 6,750 Bitcoins.
More said that he’s accepting Bitcoins in the hope that the sale of the property would raise awareness for the currency, which it most certainly will if someone actually uses it to buy a real-life house. Check out the realty listing here, and if you need to catch up on the Bitcoin craze (if you can call it that), you can sink your teeth into the digital currency here.

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