Pusfax went BTC crazy yesterday with a range of stories but this one was a cracker:
The owner of a mansion on Victoria’s Mount Macedon is looking to be the first Australian home owner to sell out in exchange for cryptocurrency bitcoin.
…The Mount Macedon property owner, Paul Hosking – who is an online publisher of technology research and who has lived in the house for 10 years – said he didn’t expect other property owners to take similar positions.
“I think people are toying with the idea, but I don’t think you can go and take this decision without knowledge – I took two weeks off to study up on it,” Mr Hosking said.
…He said he thought bitcoin was not in a bubble, but property was and that he would look to downsize.
“We want to buy another property in the area, but we don’t want to spend all the money in this property bubble.
Two weeks research and TED equals expertise. If he’d taken a month he could have become a rocket scientist.
Still, can’t argue with him about property.
