Bitcoins: The Peer-To-Peer Currency
Remember how we were all obsessed with house valuations during the boom times?
Well the house price obsession has come back to haunt us once again. But how times have changed!
These days rather than praying our houses have jumped in value by 10% or 20% we’re all hoping they are worth next to nothing!
The lower the house value the lower your property tax will be!
Of course the major problem is how to put a value on any property in the current climate. But that’s something you will have to work out for yourselves.
Let’s say your house is worth 1 million euro. According to the latest exchange rates, provided by gocurrency .com your 1 million Euro is worth £851,980 sterling approximately..
Which is also equivalent to $ 1,296,460 that’s US Dollars.
HOWEVER, there is a new currency on the block. And one we might all be using in years to come, to trade all kinds of things including houses..
It’s not a national currency, linked to any particular country, But an INTERNET currency .. And this currency is called ‘BITCOINS’
And in case you are interested, according to another website,. Coinmill.com, you 1 million euro house is worth 17, 016.92 bitcoins
So .. what ARE these mysterious bitcoins?
Joining Derek from Nashville, Tennessee, is a Canadian man called Taylor More and if anyone can explain this new currency, he can because he is selling his parents house using exclusively these bitcoins.
And financial journalist Jill Kerby also gives us her opinion on bitcoins!