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Canadian Man Wants To Trade Home For Bitcoins 106

Posted by timothy
from the living-in-the-matrix-now dept.
An anonymous reader writes with this snippet from CBC News: " It's not often that Canadian real estate listings make international headlines, but a mid-sized Alberta bungalow has people around the world buzzing today after its owner declared that he would like to sell it — for Bitcoins. If successful, 22-year-old entrepreneur Taylor More would be the first person ever to accept the fast-rising virtual currency in exchange for property. 'My home is being traded for Bitcoins!' reads the listing for More's 'quaint' two bedroom home in Crowsnest Pass, Alberta. ... The property is listed for $405,000 CDN, but More writes that 'the price can be reduced" if a buyer has some Bitcoins to spare.'"
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Canadian Man Wants To Trade Home For Bitcoins

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  • ...he will accept some Bitcoins in part payment. Different!

    • by kju (327) on Sunday March 24, 2013 @10:51AM (#43262917)

      I'm not sure if you are correct, though. From the FA:

      "Bitcoins are really hard to get your hands on if you want to get them in large quantities," he told the BBC when asked why he decided to accept the currency for his home. "I have a couple projects that I want to get started, and they will take a lot of Bitcoins."

      So it sure sound like he will accept at least quite a large part in Bitcoins. The article states that the priced asked for currently equal about 5300 Bitcoin.

    • by jjohnson (62583) on Sunday March 24, 2013 @02:06PM (#43264039) Homepage

      He does not want to sell it for Bitcoins, he wants a viral story to advertise his house for sale.

  • by Anonymous Coward
    Better than accepting *Canadian* dollars ;)
  • Don't sell! (Score:3, Funny)

    by Impy the Impiuos Imp (442658) on Sunday March 24, 2013 @11:47AM (#43263229) Journal

    Canadian Man Wants To Trade Home For Bitcoins

    Dude, you can get weed legally in several US states now! Pack up your poutine machine and come on down!

  • the tax man will not take them also need to pay other fees in cash as well.

    • by Anonymous Coward

      Why not? It's a convertible currency otherwise it would be illegal and a scam. Other "non-money" convertible currencies include airline "bonus miles" and gift cards.

  • Lets say you want to buy a wireless router or a house. You look at the price in Bitcoins based on todays BTC/USD value and buy enough bitcoins in the market and pay for the item. It really doesn't make a difference what the value of the BTC currency is or if the price is BTC or USD, the only differences is that 1) paying in BTC requires an extra step to get and 2) it's much simpler to actually pay/move the money when you have the BTC. I have no problem selling anything in BTC, including my apartment, since BTC is as good as / better than any fiat paper currency.
    • by Osgeld (1900440)

      yea, first thing show me where you people find goods for sale that accept bitcoins.

      • You could look here:

        https://en.bitcoin.it/wiki/Trade [bitcoin.it]

        • by Osgeld (1900440)

          oh thats handy, all I have to do is reference a large set of charts to see which vendors (who seem to all be out of my country) accepts bitcoins so I can search their websites to buy toilet paper

          or I can just grab some change out of the car and walk across the street like a normal person without paying 50 bucks international shipping

          brilliant

  • Some clown selling his house for virtual trinkets, or that that dumpy looking placed on claimed land is worth 400,000

  • but a mid-sized Alberta bungalow has people around the world buzzing today

    s/buz/snoo

  • I wasn't aware that you could exchange monopoly money for Bitcoins. Apparently I'm going to be super rich really soon.

    • Every central bank has a monopoly on issuing its national currency, so it is all monopoly money. Can you point to any nation with a competitive market for currency?

      In fact, Bitcoin is the opposite of monopoly money, as it does have competitors, and is open-source itself, so other people can set up competing versions by modifying the source code. This has already been done.

  • We are told bitcoin is historically high. Is it the right time to sell in bitcoins? Odds are high it will go down.

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