Vegas Developer selling $7.85 million home for Bitcoin... | TigerDroppings.com
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Gugich22
LSU Fan
Who Dat Nation
Member since Jan 2006
25747 posts

Vegas Developer selling $7.85 million home for Bitcoin...

Sorry if already posted. I searched and didn't see a thread on this topic. And since Bitcoin is such a hot topic these days, figured I would share:

LINK

quote:

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.



TH03
Notre Dame Fan
Member since Dec 2008
103449 posts

re: Vegas Developer selling $7.85 million home for Bitcoin...
quote:

who've been involved in making and trading the currency.



oh dear god


Gugich22
LSU Fan
Who Dat Nation
Member since Jan 2006
25747 posts

re: Vegas Developer selling $7.85 million home for Bitcoin...
They created it, bro! That took a lot of effort!


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UpToPar
LSU Fan
Baton Rouge
Member since Sep 2008
7948 posts

re: Vegas Developer selling $7.85 million home for Bitcoin...
He's just going to get it exchanged into US $ and maybe keep a few bit coins just for the hell of it.


Traffic Circle
Down the Rabbit Hole
Member since Nov 2013
4020 posts

re: Vegas Developer selling $7.85 million home for Bitcoin...
1 bitcoin = 30 Pokemon cards = 6 retired Beanie Babies = 6 Furbies = 6 Cabbage Patch Dolls


TH03
Notre Dame Fan
Member since Dec 2008
103449 posts

re: Vegas Developer selling $7.85 million home for Bitcoin...
I didn't know 30 Pokemon cards or 6 beanie babies were worth $800+


ToulatownTiger
Southeastern LA Fan
Louisiana
Member since Oct 2012
3857 posts

re: Vegas Developer selling $7.85 million home for Bitcoin...
I still dont understand wtf a bitcoin is


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WikiTiger
LSU Fan
Member since Sep 2007
40721 posts

re: Vegas Developer selling $7.85 million home for Bitcoin...
quote:

I didn't know 30 Pokemon cards or 6 beanie babies were worth $800+


People without any knowledge on the subject sure do love to opine on it. Why do you think that is?


TH03
Notre Dame Fan
Member since Dec 2008
103449 posts

re: Vegas Developer selling $7.85 million home for Bitcoin...
did you see where 6% of Americans think bitcoin is an xbox game? and another 6% thought it was an iPhone app?


genro
Navy Fan
the 1990s
Member since Nov 2011
36937 posts

re: Vegas Developer selling $7.85 million home for Bitcoin...
I wanna know why someone who doesn't buy drugs or hitmen or sex slaves would ever need bitcoin


OneMoreTime
SMU Fan
Florida Gulf Coast Fan
Member since Dec 2008
51266 posts
Online

re: Vegas Developer selling $7.85 million home for Bitcoin...
The super rare holographic ones are, duh


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WikiTiger
LSU Fan
Member since Sep 2007
40721 posts

re: Vegas Developer selling $7.85 million home for Bitcoin...
quote:

I wanna know why someone who doesn't buy drugs or hitmen or sex slaves would ever need bitcoin


There are many reasons a person may want to own bitcoins.

First thing to keep in mind, and this is what trips most people up: Bitcoins are not just a currency. Bitcoin is also a transaction network. And that is a very important thing to keep in mind.

So, that being said, why would you ever need a bitcoin?

-as a store of value to protect against inflation
-as a means to instantly send value to anyone all over the world at any time of the day on any day of the week
-to purchase goods and services
-among many others


As a merchant, you may want to accept bitcoin and take advantage of its superior qualities as a transaction network:

-no more chargebacks
-no transaction fees (credit cards often take 3% or more, plus a $0.10 to $0.15 fee per swipe)
-instantly receive your funds


WikiTiger
LSU Fan
Member since Sep 2007
40721 posts

re: Vegas Developer selling $7.85 million home for Bitcoin...
quote:

did you see where 6% of Americans think bitcoin is an xbox game? and another 6% thought it was an iPhone app?


yea, it's crazy how ignorant most people are of technology that is as revolutionary as the printing press.


I thought this article was neat, written by a bitcoin skeptic:

Bitcoin Believers aren’t wrong, but don’t mistake their faith for fact

key quote:

quote:

What I will say is: The more you read about Bitcoin, the harder it becomes to write it off as a silly diversion.



and that's the point I'm trying to drive home. Bitcoin is simply amazing. And if people would simply take the time to understand it, most of them would be blown away by the technology.


baybeefeetz
LSU Fan
Member since Sep 2009
16665 posts

re: Vegas Developer selling $7.85 million home for Bitcoin...
Wiki: if you tell me how many you have and tell me how to get it, I will acquire at least one ASAP. Fo real.


WikiTiger
LSU Fan
Member since Sep 2007
40721 posts

re: Vegas Developer selling $7.85 million home for Bitcoin...
quote:

Wiki: if you tell me how many you have and tell me how to get it, I will acquire at least one ASAP. Fo real.


I will not tell you how many I have.

You can get some by using Coinbase.com or find a local seller on localbitcoins.com



lsu480
LSU Fan
Downtown Scottsdale
Member since Oct 2007
82352 posts

re: Vegas Developer selling $7.85 million home for Bitcoin...
quote:

-no more chargebacks -no transaction fees (credit cards often take 3% or more, plus a $0.10 to $0.15 fee per swipe) -instantly receive your funds



So you mean like cash? if bitcoin becomes an accepted currency there will be people loaning bitcoin the same way current CC companies do and retailers will want to take them. Once they do there will be fees.....believe that. I see the other benefits you listed but this isn't one of them since cash already does all of the things you mentioned.


WikiTiger
LSU Fan
Member since Sep 2007
40721 posts

re: Vegas Developer selling $7.85 million home for Bitcoin...
quote:

So you mean like cash?


yes. bitcoin is often referred to as "cash for the internet"

quote:

if bitcoin becomes an accepted currency there will be people loaning bitcoin the same way current CC companies do and retailers will want to take them


3rd parties are free to build up their own proprietary infrastructure on top of the bitcoin protocol. if they want to charge fees for its use, then that is up to them. it is also up to the users and merchants to decide whether or not that 3rd party has enough value add to justify paying their fees.

regardless of what 3rd parties do, the basic bitcoin protocol will still be available for anyone and everyone to use, free of any 3rd party fees.

quote:

I see the other benefits you listed but this isn't one of them since cash already does all of the things you mentioned.


you can't send cash over the internet instantly and securely


baybeefeetz
LSU Fan
Member since Sep 2009
16665 posts

re: Vegas Developer selling $7.85 million home for Bitcoin...
quote:

I will not tell you how many I have.


Lol why the frick not?


CENLALSUFAN
LSU Fan
Ascension
Member since Mar 2009
5242 posts

re: Vegas Developer selling $7.85 million home for Bitcoin...
So what happens when there are 21 million bit coinsurance in circulation or whatever they call it?? Wasn't that the number someone said that it was the highest it could go??


lsu480
LSU Fan
Downtown Scottsdale
Member since Oct 2007
82352 posts

re: Vegas Developer selling $7.85 million home for Bitcoin...
quote:

yes. bitcoin is often referred to as "cash for the internet"


I think if you just explain it that way to people they might understand it a little better


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