Sorry guys, but this isn't smart for the very simple reason that there are more people with $1.6 million in the bank, than there are people with $1.6 million in BTC. As a bitcoiner though, I would appreciate a guy needing to buy $1.6 million worth of bitcoins. That could only increase their value. Hey, wait! How come the price isn't in BTC?
I agree, the seller is opening up his home to a very small market of potential home buyers. This plus the fact that most banks are not willing to lend money for someone to buy bitcoin to buy a house so anyone that does not have sufficient assets will not be able to purchase the home. 
Topic: Million dollar Washington house being sold -- for Bitcoin (Read 1394 times)
Sorry guys, but this isn't smart for the very simple reason that there are more people with $1.6 million in the bank, than there are people with $1.6 million in BTC. As a bitcoiner though, I would appreciate a guy needing to buy $1.6 million worth of bitcoins. That could only increase their value. Hey, wait! How come the price isn't in BTC?
Hey guys this is my parents home that is being sold. My step-father and I personally built it, he's a contractor in the San Juan Islands and I personally helped him and his crew through most of the home build. in addition to Bitcoin we will also be accepting Pinkcoin, Synccoin and Blackcoin. it will be the first such sale to include atlcoins 
http://igaming.org/cryptocurrencies/news/poker-pro-danny-johnson-sells-1mm-house-for-bitcoin/
http://igaming.org/cryptocurrencies/news/poker-pro-danny-johnson-sells-1mm-house-for-bitcoin/
They should have listed this in Bitpremier. There are dozens of similar listings there. Otherwise, how Bitcoin enthusiasts will know about this sale? That said, if the sale actually happens, then everything will be smooth. Washington is a Bitcoin-friendly state and there are several Bitcoin ATMs and other crypto-businesses operating out if it (esp. in Seattle).
I wish it was more friendly than you make it out to be. We have a decent community here, but we are so scattered, and the "community" doesn't really pull together to accomplish anything. Compare that to our sister local community in Vancouver and we are a mess.
That said, we are better than most, and I look forward to us getting more folks on board, especially restaurants, that stuff is fun!
They should have listed this in Bitpremier. There are dozens of similar listings there. Otherwise, how Bitcoin enthusiasts will know about this sale? That said, if the sale actually happens, then everything will be smooth. Washington is a Bitcoin-friendly state and there are several Bitcoin ATMs and other crypto-businesses operating out if it (esp. in Seattle).
I wish it was more friendly than you make it out to be. We have a decent community here, but we are so scattered, and the "community" doesn't really pull together to accomplish anything. Compare that to our sister local community in Vancouver and we are a mess.
That said, we are better than most, and I look forward to us getting more folks on board, especially restaurants, that stuff is fun!
Free Advertising:
Million dollar being sold -- for Bitcoin
It doesn't even need to be a million dollar something being sold for bitcoin. Generally speaking anything with a more then "everyday" value (meaning more value then what people generally spend everyday), or anything that is sold in large volume will get press when it is sold for bitcoin. Million dollar
Free Advertising:
Million dollar being sold -- for Bitcoin
Million dollar
Good to hear, 1 million dollars is huge amount and It is in Bitcoins, that means some people are really serious about bitcoin and they can make It even more used by others.
I wish I bought btc in 2009 so i could be buying houses and shit with it.
Good to hear, 1 million dollars is huge amount and It is in Bitcoins, that means some people are really serious about bitcoin and they can make It even more used be others. Big + for this news.
Even the house is being directly sold for bitcoin.But the owner has to cash out such huge load of Bitcoins to cash anyways.
This is nice, the kind of stuff that gets in the headlines.
It's great for the seller, because he gets a lot of Bitcoin for it.
It's great for the real estate agent, because he gets free advertising, presenting himself as innovator.
It's great for the Bitcoin economy, because transaction volume increases.
It's bad for the buyer, because he will hold an overly expensive piece of real estate which will devalue sharply in the next crisis.
ya.ya.yo!
It's great for the real estate agent, because he gets free advertising, presenting himself as innovator.
It's great for the Bitcoin economy, because transaction volume increases.
It's bad for the buyer, because he will hold an overly expensive piece of real estate which will devalue sharply in the next crisis.
ya.ya.yo!
I agree, it's very good PR for Bitcoin and shows people there are very legitimate uses for Bitcoin, apart form illegal marketplaces! That those things still make the papers show us how far away Bitcoin still is form mass-adoption!
It's great: Every time this happens and Bitcoin is being used as a currency, it enters at least the local news and more and more people get to know Bitcoin and also see that it can be used to buy things just like any other currency. Not only to buy illegal stuff online in obscure forbidden marketplaces!
They should have listed this in Bitpremier. There are dozens of similar listings there. Otherwise, how Bitcoin enthusiasts will know about this sale? That said, if the sale actually happens, then everything will be smooth. Washington is a Bitcoin-friendly state and there are several Bitcoin ATMs and other crypto-businesses operating out if it (esp. in Seattle).
I think this is a great idea. Never seen anyone attempt to sell a home for bitcoins but someone had to do it to see how it goes. Fingers crossed this sale goes as they plan and they do receive bitcoin for it, it will be another positive to add to the list on how bitcoin can work out there.
A million dollar home in the San Juan Islands is expected to hit the market later this month, and the sellers don't want a single dime for it.
Instead, they're asking for payment by Bitcoin, the digital, worldwide currency. If the sale goes through, it will likely be the first of its kind in Washington state, real estate experts said.
"It's just a better currency for today's transactions, which are all electronic. No one's using cash anymore," said real estate agent Matt Bohner, who will be listing the house. "The writing's on the wall that this is going to win out over time."
Bitcoin, a virtual currency developed in 2008, has risen to popularity in recent years. It isn't backed by a central bank or government and has fluctuated in value, but proponents argue it is a safe and easy way to tranfser funds without large bank fees.
A tech entrepreneur made a Bitcoin gift to a Washington college earlier this year, and a Lake Tahoe home recently sold for $1.6 million in Bitcoin.
The 3,500-square foot Orcas Island house should be listed for sale later this month, Bohner added.
"It is a beautiful place. We designed it ourselves and put a lot of work into it. It's paradise," said Danny Johnson, a virtual currency entrepreneur and professional poker player whose mother and stepfather built the custom home by hand. "(This sale) is the future. We want to try something new, be innovators."
The Washington State Department of Revenue, which collects real estate taxes, doesn't have any specific records that would track a Bitcoin sale, said Kim Schmanke, the department's Communications Director. Anecdotally, however, the office hasn't heard of a Bitcoin sale in Washington state.
"The state doesn't accept Bitcoin, and we haven't heard of any counties moving in that direction for property taxes either," Schmanke said by email. "So it'd be safe to say any real estate taxes or property taxes need to still be paid in... regular US currency."
Tacoma-based MerchantCoin, a point-of-sale service dealing in virtual currency, will handle the transaction once the home is sold, company representatives said.
"When you try to explain Bitcoin you get into this technical jargon. It's a learning curve. It's no different than, 'how do I set up my internet with just a 14.4k modem,' in 1994 " said Zachary Lark, one of MerchantCoin's founders. "But it is the future of digital payments. It is a way that consumers and merchants can escape the grasp of credit cards and bank fees."
Johnson said he wasn't sure his family would accept traditional currency for the home - if given the option.
"I'm sure we could negotiate a portion of it (for cash), but by and large we want crypto-currencies," Johnson added. "Unless it was some large sum above the listing price, I believe we'd like to get behind the Bitcoin curve."
...
http://www.komonews.com/news/local/Million-dollar-WA-house-being-sold---for-Bitcoin-274179231.html
Instead, they're asking for payment by Bitcoin, the digital, worldwide currency. If the sale goes through, it will likely be the first of its kind in Washington state, real estate experts said.
"It's just a better currency for today's transactions, which are all electronic. No one's using cash anymore," said real estate agent Matt Bohner, who will be listing the house. "The writing's on the wall that this is going to win out over time."
Bitcoin, a virtual currency developed in 2008, has risen to popularity in recent years. It isn't backed by a central bank or government and has fluctuated in value, but proponents argue it is a safe and easy way to tranfser funds without large bank fees.
A tech entrepreneur made a Bitcoin gift to a Washington college earlier this year, and a Lake Tahoe home recently sold for $1.6 million in Bitcoin.
The 3,500-square foot Orcas Island house should be listed for sale later this month, Bohner added.
"It is a beautiful place. We designed it ourselves and put a lot of work into it. It's paradise," said Danny Johnson, a virtual currency entrepreneur and professional poker player whose mother and stepfather built the custom home by hand. "(This sale) is the future. We want to try something new, be innovators."
The Washington State Department of Revenue, which collects real estate taxes, doesn't have any specific records that would track a Bitcoin sale, said Kim Schmanke, the department's Communications Director. Anecdotally, however, the office hasn't heard of a Bitcoin sale in Washington state.
"The state doesn't accept Bitcoin, and we haven't heard of any counties moving in that direction for property taxes either," Schmanke said by email. "So it'd be safe to say any real estate taxes or property taxes need to still be paid in... regular US currency."
Tacoma-based MerchantCoin, a point-of-sale service dealing in virtual currency, will handle the transaction once the home is sold, company representatives said.
"When you try to explain Bitcoin you get into this technical jargon. It's a learning curve. It's no different than, 'how do I set up my internet with just a 14.4k modem,' in 1994 " said Zachary Lark, one of MerchantCoin's founders. "But it is the future of digital payments. It is a way that consumers and merchants can escape the grasp of credit cards and bank fees."
Johnson said he wasn't sure his family would accept traditional currency for the home - if given the option.
"I'm sure we could negotiate a portion of it (for cash), but by and large we want crypto-currencies," Johnson added. "Unless it was some large sum above the listing price, I believe we'd like to get behind the Bitcoin curve."
...
http://www.komonews.com/news/local/Million-dollar-WA-house-being-sold---for-Bitcoin-274179231.html
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