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Why is this Las Vegas developer selling his $7.85 million mansion for Bitcoin?

22
Jan
2014

The largest transaction ever completed in Bitcoin, the virtual currency that approximates cash on the internet, was for $1 million worth of computer hardware. That’s impressive for a currency that’s only been around since 2009, but Jack Sommer hopes to top it — by a lot. It’s very volatile, and of course… there is a lot of speculation, Sommer says, referring to the wild price swings that have made some traders rich.

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