Seller Of Luxury Miami Condo Demands To Be Paid Exclusively In Bitcoin

And they said bitcoin would never work as a currency.

While that might be true for small transactions - for now - real-estate markets across the US are increasingly demonstrating that bitcoin is a viable medium of exchange. Case in point: the seller of a luxury Miami condo will only accept payment in bitcoin. The asking price - according to real-estate listings site Redfin - 33 bitcoins, or about $550,000 at bitcoin’s present valuation.

According to Redfin, this is the first time a seller is exclusively accepting payment in bitcoin. The seller’s identity wasn’t immediately clear.

But while this might be the first time that Redfin has noticed the phenomenon, homesellers have been asking to be paid in bitcoin since at least 2013, when an anonymous seller of a luxury condo in the Trump Soho of all places listed the price as 24,700 bitcoin, according to the Daily News. While this sale was t\he first that was documented in the media, it’s also notable that it occurred before the first bitcoin bubble burst.

Also over the summer, a realtor in Texas revealed that one of her clients had accepted payment for their home in bitcoin. The number of coins – and the identity of the seller and buyer – weren’t disclosed.

And as we recently reported, more realtors in hot markets like New York City and Miami are demanding to be paid in cryptocurrency, sometimes exclusively.

This trend in broader crypto acceptance - contrary to mainstream media reports - is undoubtedly a factor behind the unprecedented price appreciation whch has seen bitcoin soar from $1,000 to $19,000 in 2017.

Meanwhile, any buyer who has accepted bitcoin as payment and kept it, has so far managed to generate a staggering profit, given the digital currency’s aggressive appreciation. The real test will come after the digital currency inevitably tanks again.


Laowei Gweilo IH8OBAMA Wed, 12/13/2017 - 23:44 Permalink

either that or he's bankrupt lol and he knows the gov't can't take his condo in FLA but they can take his cash, so he wants BTC to keep it away from the IRSor.... more than likely... it's free marketing.I mean, look, it's on Zero Hedge =p you can't buy that sort of traffic~some pro-BTC investor will probably buy it just for the 'symbolic' victory and marketing, too. someone did the same thing for pizza... and woah look at all those pizza-in-BTC sales since.this is news when it it becomes 5%... heck, 1%, of all real estate transactions ;p

In reply to by IH8OBAMA

zebra77a IH8OBAMA Thu, 12/14/2017 - 03:11 Permalink

This is silly...There is $300 BILLION  DOLLAR REWARD for any mathematician, scientist, or professional  who can reverse engineer  bitcoin aka crack  SHA-256 .and via this  control bitcoin..bitcoin uses sha-256^2 or sha256(sha256(data))There are currently estimated to be 1.5 million lost bitcoins anyone who can find the lost keys to - Its yours to keep. A  $1 billion dollar reward to  any successful attack... China currently has 60 MILLION engineers,  India 40 Million and probably the largest cluster of top notch mathematicians in the world.. Thats why its worth $17000 a coin its not cracked.And there are hundreds of properties for sale all over who want payment in bitcoin.. all over the world.Which equals lost demand for fiat. If fiat cannot represent gdp it becomes worthless very fast as its reserve value is your labor, assets, and property NOT just how much gold you can store in a vault..Central banks understand this bigly and having their gdp evaporate into the cryptos in ever increasing fashions is why I have been saying for a long time - bitcoin will be the catalyst for WWIII an excuse needed to shutdown the internet and lock fiat into banks before it all escapes into the cryptos... 

In reply to by IH8OBAMA

Bunga Bunga Ophiuchus Wed, 12/13/2017 - 23:09 Permalink

In order to hide an exploit the NSA has to be smarter than all mathematicians on earth combined. Even if, as soon as the NSA would use the exploit in order to have control over Bitcoin, it would be in the public and no one would trust it anymore, render the exploit useless. This tin foil hat theory just makes no sense.

In reply to by Ophiuchus

Ophiuchus Luc X. Ifer Thu, 12/14/2017 - 00:42 Permalink team of researchers — from Technical University of Eindhoven, the University of Illinois, the University of Pennsylvania, the University of Maryland, and the University of Adelaide — found that the "left-to-right sliding window" method used by the libgcrypt library for carrying out the mathematics of cryptography leaks significantly more information about exponent bits than for right-to-left, allowing full RSA key recovery.

"In this paper, we demonstrate a complete break of RSA-1024 as implemented in Libgcrypt. Our attack makes essential use of the fact that Libgcrypt uses the left-to-right method for computing the sliding-window expansion," the researchers wrote in the research paper.

"The pattern of squarings and multiplications in left-to-right sliding windows leaks significantly more information about the exponent than right-to-left. We show how to extend the Heninger-Shacham algorithm for partial key reconstruction to make use of this information and obtain a very efficient full key recovery for RSA-1024."

In reply to by Luc X. Ifer

HRClinton Ophiuchus Thu, 12/14/2017 - 03:10 Permalink

The weakness, having being discovered has since been fixed."Libgcrypt has released a fix for the issue in Libgcrypt version 1.7.8. Debian and Ubuntu have already updated their library with the latest version of Libgcrypt.So, you are strongly advised to check if your Linux distribution is running the latest version of the Libgcrypt library."

In reply to by Ophiuchus

Luc X. Ifer Ophiuchus Thu, 12/14/2017 - 00:18 Permalink for reference - this is so low dude, I hope you didn't listened to their advice and actually you got your kids and thyself vaccinated ... yeah, I know there is no vaccine for ignorance ... oh wait, there is one, the barrel of a gun just be careful to not miss or you'll have to redo the vaccination:) ...

In reply to by Ophiuchus

Ophiuchus VWAndy Wed, 12/13/2017 - 22:32 Permalink

perhaps he should read this first. Evidence points to Bitcoin being an NSA-engineered psyop to roll out one-world digital currency On top of the fact that the NSA authored a technical paper on cryptocurrency long before the arrival of Bitcoin, the agency is also the creator of the SHA-256 hash upon which every Bitcoin transaction in the world depends. As The Hacker News explains. “The integrity of Bitcoin depends on a hash function called SHA-256, which was designed by the NSA and published by the National Institute for Standards and Technology (NIST).” THN also adds:  

In reply to by VWAndy

HRClinton IH8OBAMA Thu, 12/14/2017 - 03:30 Permalink

"And that is why I am richer than you are", Bubba.Who would have thought that I would be quoting Jamie Dimon? What irony.(FYI, while my 5-figure investment in PM has lost 50%, my 5-figure investment has seen my BTC grow from $xx to $16000. It's made me a multi-millionaire, and compensate for the AU losses many times over.)Us winners don't need advice or mental diarrhea from laggards and embittered losers.

In reply to by IH8OBAMA