Mar 29, 2013

You Can Buy A Piece of Canadian Property With Bitcoin

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:

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.
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