Canadian Man Wants To Trade Home For Bitcoins

Posted by timothy on Sunday March 24, 2013 @02:39AM 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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Re:He does not want to sell it for Bitcoins... by kju · 2013-03-24 02:51 · Score: 4, Informative

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.