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Thanks for the memories  July 26, 2012

Man wants to sell his house for Bitcoins

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CNET Editor

Michelle Starr is the tiger force at the core of all things. She also writes about cool stuff and apps as CNET Australia's Crave editor. But mostly the tiger force thing.

(Credit: Taylor More)

A man in Alberta, Canada, is attempting to sell a house on 2.9 acres for CA$405,000, with a discount offered if the buyer will pay in Bitcoins.

Apparently, the Bitcoin — a decentralised peer-to-peer (P2P) digital currency — is somehow still alive and well, though others have failed. And, if Canadian Taylor More gets any bites on his house listing, it's about to be used for the very first time in the sale of a house.

More's house, valued at CA$405,000, sits on 2.9 acres in Alberta. It looks like a lovely tract of land, and the dwelling a great opportunity for someone who's looking for a fixer-upper. But it's what More wants for it that's the unusual part.

The listing said:

If you had $405K, I wouldn't turn you down, but if a partial or whole transaction is done using Bitcoins, the price can be reduced depending on how many Bitcoins you have to trade.

Not familiar with Bitcoin yet? Bitcoin is a peer-to-peer decentralised electronic currency allowing you to send money from anywhere to anywhere with no restrictions or national borders.

At time of writing, the Bitcoin exchange rate was one Bitcoin to US$65.05 (having recovered and then some after the Bitcoin depression of 2011, where it fell to US$20.01), which is around BTC6230. It is estimated that the current total worth of Bitcoin in circulation is nearly US$700 million.


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