Canadian Entrepreneur Wants to Sell House for Bitcoin Virtual Currency

by Techvibes NewsDesk

A Canadian man has listed his two-bedroom house in a small Alberta town for $405,000. And while he'll take money, he'd prefer a virtual currency: bitcoins.

Taylor More, who confessed his family was shocked by his decision, will net approximately 6,000 Bitcoins should someone pay close to asking with the vitual currency. The self-described entrepreneur told BBC News that he has "a couple projects" he wants to start, and that those projects—which he declined to elaborate on—"will take a lot of bitcoins."

The bitcoin, created in 2009, is a digital currency that acts as an internet-era alternative to standard currencies such as the dollar. They do not exist physically, and their worth is determined purely through supply and demand.

Instead, they exist in a purely electronic world and their worth is determined democratically through pure supply and demand.


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Techvibes NewsDesk

Techvibes NewsDesk

Techvibes is Canada's leading technology media property.Founded in 2002, Techvibes covers technology and business news that impacts Canadians. We combine breaking local news with international coverage to deliver a unique balance of insight and information. The Techvibes Newsdesk covers a broad beat and publishes general news stories. If you have a story you would like covered, email... more

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