Taylor More is the first Canadian to offer his home for sale in Alberta in Bitcoins. He is asking for $405,000.00 CDN (or 6230 Bitcoins at time of publishing).
His goal for selling his home in Bitcoins is to collect Bitcoin currency to fund a business venture.
"The one story home measures in at 900 square feet, and has two bedrooms and one bathroom. The estate also features a workshop measuring in at 2,800 square feet, that sports an extra two bedrooms and one bathroom."
Bitcoin is currently developing a significant following around the world. The impact on the Bitcoin market itself is a soaring price. Currently the value of 1 Bitcoin has jumped from $25.60 to $61.68 (at time of posting). This is 140% increase in value in just 30 days.
One potential reason Bitcoin has continued to increase in value is the stability of such a currency. It is based on a solid set of mathematical equations that govern the generation of the currency and significantly limit the ability of the currency to be manipulated. Based on these equations, Bitcoins are generated at a predictable manner through the execution of code distributed throughout the network. Therefore, Bitcoin does not suffer the same inherent stability plaguing the US or European currencies of the day.
Based on the escalation of the value of Bitcoin the current market capitalization has now cleared $643,000,000.00 and looks to beat the $750,000,000 dollar threshold within the next few months.
Butterfly labs is getting closer to shipping an actual product. The images below were just posted to their forum page on Mar 11th. This provides additional confirmation that they also intend to become a mainstream manufacturer of ASIC based Bitcoin mining hardware.
Bitcoin to Hit $10,000 per coin in the near future? Major hurdle cleared as Amazon payments support Bitcoin.
The website falkvinge.net has done an in depth analysis of the projected value of Bitcoin contingent on the successful adoption of the currency as part of the world market. Source Article.
The adoption of Bitcoin as a means of trading value between parties is still being developed, but the overall market has just surpassed $511,000,000.00 in value with about $58M of value being traded daily.
Bitcoin Pricing Update - March 2013
Additionally, it appears that Bitcoin has returned 300% since Jan 1, 2013.
This continues to bode well for current investors and demonstrates to the overall Bitcoin Market that there is a growing interest and support base following Bitcoin.
Amazon.com accepts payment processing through Bitcoin.
Additionally, Bitcoin has cleared a significant hurdle to continue to solidify itself as a medium of exhange as Bitpay has just annonced a significant contract with Amazon.com payment fulfillment system. Source Link
ATLANTA, Mar 06, 2013 (BUSINESS WIRE) -- BitPay, the world's leading payment processor for bitcoin payments, announces that it has integrated its service with Amazon.com's Fulfillment-by-Amazon (FBA) web service. This is the first move into large-scale eCommerce for companies wishing to accept payments over the bitcoin peer-to-peer payment network.
Max Keiser discusses the currency of the future which cannot be touched by governments. Additionally it is not subject to the current economic actions of the USA who continues to print "quantitative easing" money by the billions and buy back government bonds.
Max discusses how Bitcoin is a truly independent currency not affected by the housing, currency and debt bubble brought on by the national currencies.
Max among others (author excluded) have become millionaires on the rise in Bitcoin from the $2 level to the current $47 dollar level in such a short period of time. Max also notes the leading experts predict a $10000 to $1000000 valuation for Bitcoin.