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NYC Property Owner Is Now Accepting Bitcoins
Submitted by Michael Krieger of Liberty Blitzkrieg blog,
The news surrounding Bitcoin is now coming in so hard and fast it is virtually (pun intended) impossible to keep track of it all. It was just this past weekend that I highlighted a website that shows some of the various retail locations around the world where you can spend your BTC. Just today, I discovered that New York property management company, Alvic Property Management, is accepting Bitcoin for rent and maintenance payments at all of its properties. From PRWeb:
Alvic Property Management, a property management company specializing in the management of condominiums, cooperatives and multifamily rentals in the New York metro area, has become the first property management company to accept rent and maintenance payments in Bitcoin. Properties on the Alvic Property Management platform are now be able to accept payments with the speed and ease of credit card or eCheck payments without the risk of chargebacks or bounced eChecks.
All properties managed by Alvic Property Management are currently accepting bitcoins. Residents initially need to reach out to their property manager to have their account enabled to accept bitcoin, they will then be able to then make payments to a Bitcoin address exclusive to their account. All bitcoin payments will post to the property bank account in US dollars at the quoted bid price on the Mt.Gox Bitcoin exchange at the time of receipt.
“It has become clear to us that Bitcoin has traction in New York City and the requests to pay by Bitcoin has been increasing. When landlords provide more options, they open themselves up to larger pools of potential tenants, which ultimately increases property values.” said Michael Lacsa, head of client relations for Alvic Property Management. “We are always looking for ways to increase income while cutting expenses for our properties and accepting Bitcoin provides this opportunity.”
Guess someone forgot to tell them it’s a bubble…
Full article here.
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Alright, fuckit. I respect what bitcoin is doing to the cabal, but I just KNOW those cockmasters will go balls deep into. They will be deemed "terrorcoins". TPTB will have their hands on this or maybe this is a master plan to start the desire for all digital currency so they are just letting it go.....maybe they are the ones behind all of this as to further the demise of phyzz. Think about it.
Terrorcoins.......has a nice ring to it.
Maple Leafs ? .9999
Sounds like the title of an old movie
I can just see detective Sam Spade played by Bogart drawling: "Can tell he was calling ML9999 before he died from the snot smears his fingers left on the dial, sweetheart."
Be nice, or someone who actually knows something about technology will make one of your exchanges derp right onto its little face again.
Another person who confuses exchanges being the whole economy of bitcoin. Ill stay off your lawn sir, if you would please close your robe and put on some underwear.
LOL yeah...that's the rub, Sparky. It's not vulnerable at all!
BTW, you are an ossm trollski for not using Bitcoin...keep up the good work.
"eat it too right?"
So, you admit you are a deer, eh? Because the deer ate my tulips.
But not any of my hard assets. Not being edible is actually a plus for currency in my book.
Fuckin hack attack on the web just hit my stack....oh wait no it didn't cuz my stack is a physical entity that is in my safe, requires no electricity and I can I hold it in my hand besides being the worlds oldest store of wealth. Phew!
Why aren't you trading krug's for BTC right now?
Seems BTC is appreciating in FRNs faster than Au so....?
Ain't it internets?
What happens when the internets goes out?
Just what i want - a currancy that swings 20% intraday.
Sure helps salary negotiations.
y-e-n-?
Can you short bitcoin? I'm all over that one.
Why do you need that when you have the comedy that is the yen?
The yen traded in a 85-75 range from October of 2009 until October of 2012. I seriously doubt shitcoin could trade in a range that tight for more than 6 months.
Try minutes....
Whats the signifigance of that? What about october 2012 to persent? lol goal seek much? I suppoose well see a nice range as you put it of 90-100 for a few more years rtight? becuase its stable and all?
The yen would still be trading in that range if the BoJ wasn't actively intervening(printing yen) to weakening it to boost exports. Your comment about the yen made no sense.The reason the yen was so strong was because it was percieved as a safe haven currency. It is backed by budget surpluses and the postal system/kampo.
If bitcoin was being purposefully weakened the result would be the same. The only thing shitcoin is backed by is electricity. I don't live in Japan so whatever range the yen trades in is irrelevant to me. I like the volatality as a currency trader.(we make more money that way) You spell check much?
You spell check much?
More than you do by the look of it. /irony
http://www.ebay.com/itm/PET-ROCK-WALKING-LEASH-Silliest-Gag-Gift-GIRLS-PINK-/251248020616?pt=Vintage_Antique_Toys_US&hash=item3a7f8c8c88
I assume there are "jews" behind this latest ball of shit as always now that their counterfeiting scheme has run its course.
It has all the earmarks with the exception of media exposure (which will happen at the top)
"jews" specialize in trading worthless paper in exchange for labor and savings. Now itz worthless binary digits.
Itz what they do.
@ Conman:
Actually, I upvoted you, even though I still view Bitcoin as a complete scam. I'm nobody to tell you young, smart geniuses what to do.
Time will prove all things.
Get a bunch of CS majors around the world to tweak the "start bits", and start bitcoin2 or 3 or 4... oops did I rain on your parade?
Bitcoin Bytecoin Gigacoin Terracoin Floppycoin,, Lunacoins,,!And they call it a Míne,greate halls of ?
Never thought i would use a Frase of G.Celentinho,aint worth the paper its not printed on?Last train to Clarksville.
What is it gold is rated against,Fiat 500-600, funny it aint about justice,its about getting rich,f heavymetal rico,and then if its bits,fiats,metals,who frocking cares,just load it on to the wagon,Wells(Wachovia) Faraoes,they,ll get you loaded,on speedcracked coins!
One up for you.
Maybe it is just a bubble, but it is something that has captivated the attention of the world. A world that wants its money set free.
Http://bestbitcoinsites.wordpress.com
Can I pay in Alf Pogs?
At least Pogs are tangible.....still worth more than Shitcoin.
Pogs...chits...wooden nickles...subway tokens...arcade tokens...bathroom tokens...marbles...ball bearings...all worth more then shitcoin.
<-Bitcoin is Bullshit
<-Bitcoin is Legitimate
(Just an Informal Poll)
The Great Irony: The entity tasked with protecting the People from pyramid schemes like Bitcoin is SO deeply involved in its own pyramid scheme (U.S. dollar), that it is hesitating to attack the Bitcoin pyramid, feeling some karmic retribution might be in order...
The total amount of bitcoins right now is 800 mln USD. Nobody really cares and at this point nobody will try ot shut it down.
What I find ironic is amount of bullshit posted here about "supression of price of PM" with "explanations" about stagnation of PM prices (in reality, the Gold peaked:you will need to wait for at least another 50 years to see the Gold going above the recent maximum of around 2000 per ounce). The small, illiquid bitcoin market is easily manipulated and for sure manipulated as we speak. The small bunch of swindlers will benefit from it but vast majority of idiots investing in "precious zeros and ones" will end up with nothing. Do not they deserve it though?
If you want to speculate, buy into Japanese market. Many people argue that this is a bublle but at least stock shares have some intrinsic vaue and you can get rid of it by pushing a button on your computer. Same effect but much smaller risk.
This can not end well.
Somewhere, someone is going to get pissed that they are not getting their GabbaGoo.
And that will be that.
http://youtu.be/qpGx4foRdPw
Man, I was gonna pay you that rent, but my computer is still mining.
What happens when the internet goes out?
ATM machines stop working and Banks lock their doors.
What happens when banks need your money? They shut down atms and steal it. But hey at least the internet is up?
How is the internet up, if the power is out. Do you make your little brother jump on a peddle powered generator?
And the power grid goes out...what happens to all those rigs? Do they stop mining like an earth-mover that runs out of oil? Will kids mining Bitcoins (hoping to get a hit once every two years) using the free electricity in their moms' basements hook up grnerators and start spending fiats to keep them running?
Methinks no, but this is all assuming the power goes out.
An old Welsh Justice, mounted on a goat, was asked which way his Worship meant to trot. To London he is travelling, quoth he.... to sell Welsh copper, and to buy South Sea....
Let no good deed go unpunished...
http://www.youtube.com/watch?v=gvbqG8EbxW0
Introducing the new currency for ZH regulars:
BitchCoins
I'll take my payement in BitcheZ....
Need to change your handle to, " Huggy Bear"...
Saying they accept bitcoin is the same thing as saying they accept gld shares... Nothing new...
Probably a friend of Max Keiser who has been persuaded to propagandize--and I say that, actually respecting Max in all other respects: maybe he is that sly; his show has been an instance of James Sawyer's "long con" all along...
Sorry folks. I guess I am just getting too old.
This Bitcoin thing is going to leave a mark.
Might as well accept "magic swords" as payment.
I am all for "virtual currencies" but when the ECB/BIS/IMF/FED combine descend on an actual nation-state (Cyprus) and take their deposit, I cringe at what just the US Treasury and DHS can do to Bitcoin on Superbowl Sunday.
Max Keiser. If this if your baby, then more power to you. As soon as my Bitcoin can buy gold on margin AND I can stand for delivery - I'm all in - THEN OUT.
As the Chinese curse goes; 'May you live in interesting times.'
bitcoin will crash on its own, don't worry.
Hill/Mooch 2016
Maybe Max is getting Bitcon instant, digital payola ?
Reality can maintain the farse far longer than you can stay sane.
That's hitting the nail on the head. Even if it is farce.
To all bitcoiners:
~~~
May the farce be with you...
titties!
Tang!
if i can ever fucking buy any bitcoins
DO NOT USE DWOLLA
fucking garbage
I hereby predict that Bitcoin will not exist by April 19th.
I bought one bitcoin for the gamble. I have made $100 bucks in a week. I will probaly hold onto it for some time for the giggles.
I tried to get in at $50, however it was a no go. Got in at $90.
The $90 was worth the entertainment I have had so far. A bubble? Perhaps.
The concept is very interesting. It could lead to a one world currency.
Seriously, it's an opensource application. Anyone can read and modify the code. Just change it up a little and start a new bitcoin ledger with a bunch of people world-wide... bitcoin2... ad infinitum. I'd sell now.
Bitcoin ? Honesty in advertising .... ZeroCoin .... or Allbits-NoCoins .... or Bitzip !
@pelican
~~~
3 ASE's would have been more entertaining...
Yeah, I put in a market order at 50 ,and it filled a month later just like yours
That's called Price Discovery .... SURPRISE !
I hoarded like a miser for 40 years .... bringing my coins out every night to count them by candle light .... then I lost it all in a Bitcon scam in a nanosecond .... no thanks !
I bitcoin, therefore I scam.
A bitcoin bubble solves nothing.
Go figure... irrational exhuberance solves nothing, either.
How funny and strange we act at the tail end of an empire.
Almost as if the truth escapes us.
I guess you can also buy toxic MBS with it
Can I buy a House Of Cards with Bitcoins?
Oh, wait, it's built right in!
Booyah
What happens to the money that people pay to get Bitcoin?
It buys more Bitcoins.
What a dumb question.
When bitcoin hits $1 Quadrillion dollars we build a DEATH STAR & blow the fucking planet up...
I'm still trying to sell the cases of Twinkies i picked up late last year. Fucking things were selling through the roof for about 2 weeks, i was banking crazy notes and i got a nice new loan on a massive house because of it - but now everyone is over it and i'm left with massive debt and a garage full of unsold twinkies.
I'm going all in on bitcoins now to get out of the hole. Fuck John Galt, money for nothing is the future!
Wish me luck!
You guys love to hate it. Later you will hate to love it.
Nobody hates Bitcoin if it is the agreed medium of exchange between two parties.
It's just that everybody hates the FED and other central banks for their secretiveness and yet here we have a currency being created by some unknown person/entity.
Good luck on how long it lasts.
There is one fundamental problem/question in my mind......what stops anyone else with the requisite technical ability from creating another alternative bitcoin currency?
What stops the inventor of bitcoin [who nobody knows], sitting on his stash, to one day say... JUST KIDDING...
The inventor has a master key nobody knows about....yet...
>> There is one fundamental problem/question in my mind......what stops anyone else with the requisite technical ability from creating another alternative bitcoin currency?
There are already dozens of "clones" out there, just google scamcoin...
What blocks them is the force of network effects
So the rumors are true... You ARE as stupid as you look...
Yes but there are plenty of parties out there who would have enough clout to bring network effects to a bitcoin clone. What if McDonalds decides to sell McRibs for their own bitcoin clone? Or Walmart? Or Exxon? Or the phone company or cable company? Or Apple? Etc.
Really, I'd prefer it if left over Matzo from Passover was the new currency. I picked up 5 Lbs for 99 cents tonight, coulfd turn it over for a nice profit I'm sure.
What everyone fails to understand is it doesn't matter if they're valued at 190, 19, or 1.90 - the speculation bit isn't the core of what is going on. We've had all these back-and-forths about it, and some vocal protests all center around infrastructure vulnerability, or the 'not tangible' argument.
You have a great idea and you patent it, because you think it is worth something. Is that intellectual property tangible? There are whole segments of the economy built on concepts that are essentially trust networks and ideas. I think it is a mistake to get hung up on the "hold it in your hand" argument.
As I've said before, I think both Bitcoin and Precious Metals have characteristics that complement each other, especially in these days of bankers grabbing for everyone's wealth.
Your talking about Facebook, right?
Increment Bitchez
Excrement Bitchez!
Anyone who says "ponzi" in relation to BitCoin below this post shall hereby spontaneously combust.
What about pyramid? Or how about scam?
Bitcoin.....
Because
Idiots
Trust
Computers
Over
Inherent
Nature
Gold and silver, having been produced in type II supernovas and nowhere else, derive their value from proof of work.
Just like bitcoin.
No, sorry. The terms of the contract I laid out was specifically in relation to 'ponzi'.
No spontaneous combustion for you.
One thing for sure about Bitcoin, if JPM had created it Krugman would be pushing it like cocain to everyone. It’s not as much about what it is or how it works as who gets to control it.
My newest emmision:
FlatusCoins(c)2013
Gas passed is captured and contained in a special vial, it's value dependent on who the flater was and demand for the vapor.
Pass It On.
The property owners are looking for profit any way they can. Rents are falling, so they expect to be paid with 5 Bitcoins worth a little under $1000 as of early April, and then watch the Bitcoins double in value again in a few weeks making it like they were paid $2k in rent money instead of $1000.
Make a quick $1000 withouteven having to do a thing.
The guys running the company probably loaded up on a few Bitcoins before they broke the news, hoping it would drive the value up.
Bitcoin may have bee a good idea, but it has been co-opted by the speculators now. You know why tulips skyrocketed in price? Because everyone thought there would always be someone willing to pay more for the bulbs.
Why have Bitcoins skyrocketed in value in the past three weeks? Are they really in that high demand? I don't know anyone other than my MIT CS grad friend who knows anything about them. My friend won't touch them. He says its a scam hatched by hackers to steal cash and financial information. I trust a guy that could write a driver for a token ring network card off the top of his head when the school forgot to pack the floppy.
All that is needed for paper to work is to back it with gold. There is a lot of gold in this world sitting there doing nothing. If some of it were pledged and moved to where it could be used as backing for a solid currency printed in a place central banks and thieves have no control, we would have every benefit of bitcoin and not worry about the internet going down or hackers or .gov following our purchases as we would have physical currency backed by gold. This currency would have no borders as no government would control it.
I am sure an arrangement with a government somewhere which would honor the independence of the new currency, allow free movement thereof and allow for safe storage and printing of the currency.
Hah, I find it hilarious that you think all the gold sitting there is "doing nothing." It's doing something, all right!
I don't really mind for bankers grabbing for everyones wealth,
after all, that is their Job - it's what they are supposed to do.
What I don't like is if someone who isn't a banker tries to act like one
and tries to grab my hard assets in exchange for an "intangible asset"
on the promise of trust me....because I am not in this for the money...
and because I am not regulated by Government -
and I am not a banker...
I actually like bankers.
I just don't like scaming Politicians and ripp-off merchants
wr;)
If Bitcoin would start buying gold to back it as a currency and housed the gold in Texas instead of some JPM vault then I might say we are on to something.
The scary thing is THIS is exactly what "the new world order" wants - the XDR - an extra-national basket of commodities to replace the dollar/euro/yen in one fell swoop. How to get the yuan to make that jump - who knows.
How would people feel about Bitcoin it is was run by Google. That might be a scarier proposition. Forget I said that.
Maybe the plan is to bubble the Bitcoin let it pop vaporize everyone's "money" and then replace it all - 'One Currency to rule them all, One Currency to find them, One Currency to bring them all and in the darkness bind them' by some ECB/FED/BIS/BOJ construct.
Thanks a lot Tolkien.
I do not like the cut of the "pseudonymous developer named Satoshi Nakamoto" jib
@bankonz
~~~
I made a similar point the other day...
One could make the argument that bitcoins are a 'dream come true' for the NWO...
As they blow up in perceived value, they are essentially fiat vacuum cleaners... They suck fiat into a black hole... Fiat that could be otherwise spent on physical gold & silver [which TPTB don't want to see happening]...
How do you see physical gold and silver working for remote payments?
Funny you should mention Google. The latest problem with BTC came about because of a fatal flaw that developed when core users upgraded to Google's db library from Oracle Berkeley's db library last month.
In a perfect world BTC would be a great candidate for exchanging goods and services, but BTC advocates are out of their heads if they think it won't be legislated against at a stroke of a pen, or that it hasn't already been usurped by big finance. It's quite sad to read apologists at ZH every time there's yet another problem with it, and their obvious desire to see it widespread in the hopes to become wealthy by sitting on a few bitcoins. Do they really think the founders and speculators haven't already thought of that? A few individuals and entities are sitting on millions of BTC hoping to own a large portion of the planet's wealth if BTC ever becomes ubiquitous.
When something designed for utility becomes a tool for domination by a few elites, that can only be defined as a con. And as lovely as the initial idea of Bitcoin was, I will not be facilitating conmen.
Yes, by all means, lets promote a global fully electronic fiat currency as the replacement for local fiat currencies. Smells a little too stinky, like Facebook and Google ... with their NSA funding or can anyone tell me why Bitcoin will free us from banker tyrrany and is not simply their next generation.
No we won't tell you, we rather just leave you behind. Pull your own weight
How come there aren't any stories about bitcoins lost in boating accidents?
When you throw your laptop overboard, the internet stops working.
around 1999, with the nasdaq raging, PE's in the thousands, companies that had never made a cent worth tens of billions, an office circular went around, it was a concept paper for a new nasdaq stock: HEYIDIOT.COM.
The new company proposed to do overtly what was happening in reality all around. The only product was their stock. Just print up stock and sell it. Bitcoin seems the latest iteration. HEYIDIOT.COM (fake TICKER: HIDC) was a marker for the top.
<p>BitCoin is not in a bubble until it hits 1 million dollars per bitcoin with the 11,000,000 currently available. The thing that fails to register with people is that the BitCoin includes 100,000,000 satoshi(s). The Satoshi will likely become the more popular unit of measurement of the currency as the BitCoin continues its climb to an eventual value of around $796,000/BitCoin.</p>
I see attempts at controlled accumulation and then from time to time large sells that gives me the impression that some people that have made so much money are now taking some of the profits because they are freaked out. I bet Max Keiser has locked up some of his profits. It is a very low volume currency. Sort of reminds me of CREE research in 1998.
Bitcoin is an expanding bubble, but what is the problem with that, when it shares the same characteristics with the universe.
Not all bubbles will burst tomorrow.
One million dollars a bit coin? One could only wish. At least if that happened, I would be able to pay for a home, which despite both myself and my wife working will not happen.
Buy now or get priced out forever!
~~~
For chrissakes ~ How many times [& with how many schemes] have I heard that one before?
Guess someone forgot to tell them it’s a bubble…
you mean housing or bitcoin? :P it'a a double-bubble hehehhThree quotations may answer all your questions:
"Beware the greedy hand of government, thrusting
itself into every corner and crevice of industry."
-- Thomas Paine
(1737-1809) US Founding father, pamphleteer, author
"Men naturally rebel against the injustice of which they are victims. Thus, when plunder is organized by law for the profit of those who make the law, all the plundered classes try somehow to enter -- by peaceful or revolutionary means -- into the making of laws. According to their degree of enlightenment, these plundered classes may propose one of two entirely different purposes when they attempt to attain political power: Either they may wish to stop lawful plunder, or they may wish to share in it."
-- Frederic Bastiat
(1801-1850) French economist, statesman, and author. He did most of his writing during the years just before -- and immediately following -- the French Revolution of February 1848
Source: "The Law" by Frederic Bastiat (1848)
"All that needs to be said, has been said." Pallas Athena
Ho hum
It wasn't Marie Antoinette that said, "Let them eat Bitcoins..."
Some property owerns accept even dollars
"The US banks are dead" - Jim Willie
http://usawatchdog.com/economy-will-implode-jim-willie/
After reading the comments to this post I realize that on a long enough timeline there is a great need for the survival rate of everyone to go to zero.
I do not really know what makes bitcoins unique.
At loom.cc you can embue any object(s) real or ethereal with value.
In fact what you embue with value is a long sequence of random digits. You can then pass these long sequences of random numbers among your friends.
I am not certain how this differs from bitcoin.
You could create an unbacked currency like bitcoin, or you could create a gold back one if you wanted.
I am at a complete loss as to how bitcoins survive KYC and AML laws.
Bitcoins appear to be covertly government/banker sponsored. No other explanation for the amount of publicity they are receiving through the propaganda arms and why shills appear to defend it on bulletin boards.
This too we shall endure.
So I'm guessing that same old TPTB that are running up the stock market to scoop in all the suckers are now doing it to BTC?
Run it up, cash out and crash it with the added benefit of keeping people spooked about investing in any system that doesn't enrich the TPTB?
Ok ok ok. Think of it this way.
Once the politicians and banksters begin using BitCoin how hard do you think it will be to stop it? What if tomorrow it is announced that Amazon, Netflix and Google will start accepting payments in BitCoin. Will you buy it then. Hell no because it will be $59,000 per BitCoin and you still won't realize what Bitcoin is.
BTW wikipedia has great information on what Bitcoin is if you would like to learn about it. Kind of scary screwing around with so much profit without knowing what you are doing. Have to run some bankwires out of MtGox in the morning.
Just bought $500 in bitcoin. I feel like I've swapped a piece of shit for a piece of crap. Gonna mill the profits into silver forst chance i get tho.
Bitcoin is giving us all a glimpse into life with AN APPRECIATING CURRENCY. Not seen for over 100yrs.
Can you guys not see the wonderful opportunity this is. Look at the fervor of it all. The industrial revolution happened in part because of an appreciating currency. Bitcoin will explode.
PAY ATTENTION CLASS
if a currency appreciates too much people simply do switch to cheaper alternatives.
what prevents people from abandoning fiat currencies issued by states is taxes required to be paid in those currencies
I don't understand this bitcoin mining bullshit. You just let your computer crunch away for the sake of crunching away and after running up your electric bill, bitcoins magically appear?
Nothing fishy about that. Nothing fishy at all.
Only on Zerohedge do people say "buy gold, its the only real store of wealth because its tangible and not made of toilet paper or electrons. Oh and get bitcoins too! They're the fucking best money ever herp derp potato."
When there are $10,000 per bitcoin I will personally back bitcoin with gold.
When there are $10k per bitcoin I will personally back bitcoin with PMs.
Yea, we heard you the first time.
In time the Fed will shut this down to US citizens as they did the Liberty Dollar. Can't have any competing currencies with the Fed controlled monopoly on money.
I don't think that to be likely, at least through the use of the courts. Bitcoin (or terrorcoin to use the future meme) is being used heavily outside the U.S. where our courts have no jurisdiction.
I think it more likely that terrorcoin is attacked by CB's buying lots of them and selling quickly to try to crash the value.
Rinse, repeat.
In the late 80's and early 90's, TPTB hated the BBS crowd, because they were bypassing the obscene rates charged for interstate telephone connections (God I feel old now). Instead of using the DoJ or FCC (and the courts) to clamp down on interstate telephone "theft", they often resorted to using the ATF (and the courts). Gun and drug running were an infinitesimally small part of the various violations of the draconian federal code that were occurring (unless you count playing drugwars during interminably long downloads over 14.4 dialup as gun or drug running), but it served their purpose. Over time they rolled out HTTP browser, local dial-up internet access (AOL), then broadband and fiber. But they still USR dial-up dinosaurs for the shit that really matters, some things never change.
An important part of the article was missed and I quote: Properties on the Alvic Property Management platform are now be able to accept payments with the speed and ease of credit card or eCheck payments without the risk of chargebacks or bounced eChecks.
Chargebacks and bounced checks are significant payment risks for companies. That's an aspect of bitcoin that I hadn't appreciated. Add in anonymity and this thing might have legs longer term. Assuming a relatively high level of security, you get rid of some of the risk of counterfeiting and theft too.
Personally I think bitcoin is in a sort of "tulip phase" right now. But that's not to say it won't be successful longer term.
It ALL DEPENDS on if you are a buyer or seller in the transaction, and what the transaction is for. Chargebacks serve a valid purpose, even if they introduce certain risks, if you eliminate that mechanism and do not implement a functional replacement, you just introduce other risks.
1sr I am really not sure Bitcoms are a bubble. It's a gnat on the Feds ass right now. This might be this years version of "Arab Spring".
Derp.
Actually, since the actual payment depends on the bitcoins/USD exchange rate, the payment is really in USD... But nice free advertisement for the renter.
And why not? The landlord can convert the Bitcoin into dollars or whatever currency they choose almost instantly. So, there is no risk of the conversion rate moving against them.
What the landlord probably realizes is that rent in any form is better than no rent, and many tenants these days can only make rent if they are lucky enough to have their modest savings rise 400% in a month.
Unfortunately, the long enough time line when everything goes to zero probably won’t be that long in this case.
If you're a landlord and this describes your tenant, you're doing it wrong.
"The news surrounding Bitcoin is now coming in so hard and fast it is virtually (pun intended) impossible to keep track of it all."
I'm sure the news and the "market action" is all organic. Bitcoin certainly showed up at the "right" time.
Remember, kids, a trap isn't a trap without bait.
Unless this guy is ONLY accepting Bitcoin as payment, there really isn't a story here...