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Man buys california house with bitcoin profit

man buys california house with bitcoin profit

Check out this story on coloradoan. More: Berthoud trying to find way out of commercial desert. Share story. Real Estate believes it is the first real estate transaction here involving bitcoin. Author: Lester Coleman.

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Bitcoin is the currency of housee Internet: a distributed, worldwide, decentralized digital money. Unlike traditional currencies such as dollars, bitcoins are issued and managed without any central authority whatsoever: there is no government, company, or bank in charge of Bitcoin. As maj, it is more resistant to wild inflation and corrupt banks. With Bitcoin, you can be your own bank. You can also explore the Bitcoin Wiki :. Bitcoin Core is the backbone of the Bitcoin network.

Not Just For The Rich

man buys california house with bitcoin profit
California is back at it; a new old virtual currency licensing bill is pending in the Assembly. The new bill is AB Over the last two years weve been discussing and studying an earlier bill, AB , extensively. That bill went through several iterations: one that was carbon copy of an early N. BitLicense draft, another that was markedly improved with our suggested changes , and finally one that regressed back to an overly broad and potentially innovation-crushing registration regime that we opposed. With a new legislative session comes a new bill. This new version has some of the elements we fought for over the last few years.


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The Northwest Multiple Listing Service, which catalogs sales locally, said the californoa. People can mine houae acquire bitcoin by solving complex mathematical computer problems. Lester Coleman is a media relations consultant for the payments and automated retailing industries. Mike Rosenberg: mrosenberg seattletimes. Like Bristow’s purchase, the seller wanted the bitcoin converted to cash. The first bitcoin purchase is believed to have been a single-family home in Austin, Texas. They can be used directly to buy things electronically when the seller is willing to accept them as payment.

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