Owner Accepts Bitcoin for Million $ Lake Tahoe Lot
|August 10, 2014||Posted by Staff under Financial|
This 2014 excerpt in Bitcoinx, Aug 8, is by Steve Shanafelt.
A site in Lake Tahoe sold for 2,739 BTC, or roughly $1.6 million. The 1.4 acre parcel on the California side of the lake is located in the private luxury resort of Martis Camp, and appears to be the single biggest bitcoin-backed property sale to date.
The buyer of the property is unknown, having purchased the land through a trust, but plans to build a home on the site.
The transaction was handled through Atlanta-based bitcoin payment processor BitPay. BitPay representatives said this was the largest land transaction they’ve processed thus far, although by no means the largest purchase.
Ed. Notes: While switching from statist money to cooperative money is a step forward, the same ol’ payment target — paying the individual who is abandoning the land rather paying the community — is not progressive at all. The ones we owe for land — since we can not pay whoever made Earth — are those whom we exclude, just as they owe us for excluding us from their lots. Once we take that step, the consequences will be far bigger than e-coin.