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Vegas developer selling $7.85M mansion for bitcoin

From cbsnews.com

A casino owner-turned-commercial developer is asking $7.85 million to sell a Las Vegas home, and he's willing to accept the online currency bitcoin for the deal. Jack Sommer said he got the idea to seek bitcoin for his 25,000-square-foot mansion from two of his sons, who've been involved in making and trading the currency. "The advantage is that we're expanding our market and adding some notoriety," Sommer said. Bitcoin peer-to-peer trading began in 2009. Value is purchased through an exchange website with a mainstream paper currency, such as dollars or euros, though trading isn't government-regulated. Using the ... (full story)

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  • Category: Breaking News