Man offers to sell house for Bitcoins

Hm, I feel compelled to upvote this because I own bitcoins and any promotion of bitcoins will likely result in an increase in value, but I can see how it will result in HN being full of meaningless articles about bitcoins.

Incidentally, by placing this comment I've out-meta'd myself.

Transactions like this are the beginning of regulators getting interested in Bitcoin. If the entire transaction was done in Bitcoin instead of Canadian dollars, how could the government tax it? They could I suppose call it a barter and tax it under barter tax laws. In North Carolina property can be exchanged for "any valuable consideration" and a tax is due to the state according to the value of the consideration exchanged. Lot of interesting issues here.

But I agree with TorKlingberg that the fact that he didn't price it in Bitcoin is a little disappointing. Though I believe the value of the house would be a distressingly high percentage of total daily volume of Bitcoin exchanges.

It is worth noting that he is asking for $405,000 Canadian worth of Bitcoin, not a fixed number of Bitcoins. As long as people as selling things for "$X in Bitcoins" is doesn't really provide any liquidity for Bitcoin. Of course, nobody wants to take on the currency risk of setting a fixed price in Bitcoins, until Bitcoin gains more liquidity and stability.

The link at the bottom of the article (https://bitcointalk.org/index.php?topic=137.0) is awesome. Just 2 years ago, someone paid 10,000 BTC for a pizza. That was worth $40 USD back then. If he saved it, he could've had $600,000 USD...

i wonder when those cornering the market start to unload. i guess some already have a decent amount of FY money in coins. so why should they wait for regulations or even bans other than pure greed?