A man is selling his 2 bedroom bungalow that sits on 2.9 acres in Canada for 6,750 BTC which is currently worth around $405,000. Bitcoin is an electronic currency that has no central bank, and isn't ran by governments or corporations.
See the Tech Chop video we did below on Bitcoin:
From The Blaze:
What do you think? Would you want to buy some property using Bitcoin? Would you sell your property for Bitcoin? Why or why not? Let us know in the comments.
See the Tech Chop video we did below on Bitcoin:
From The Blaze:
A two-bedroom, 900-square-foot bungalow and its corresponding acreage is up for sale in Alberta, Canada. But there’s a twist as to how it can be bought.
Unlike a traditional transaction to purchase a home, this seller is asking for it to be traded in bitcoins, a digital currency that is slowly gaining acceptance.
...Taylor More told Ars Technica he wanted to be the first home sold for $405,000 worth of bitcoins in the hopes that it “help push the currency more mainstream.” At the current exchange rate, which is $60 per bitcoin, the house would cost 6,750 BTC.I am a fan of Bitcoin, but I'm not sure that I like it so much that I would try and sell my property with it. At least not until it goes a little more mainstream. Also, Bitcoin recently had a major glitch that caused the value to drop for a bit.
What do you think? Would you want to buy some property using Bitcoin? Would you sell your property for Bitcoin? Why or why not? Let us know in the comments.