Virtual currency for a physical house?

The seller of a Southampton, N.Y., home is asking $799,000 for his ranch-style four-bedroom home—or its equivalent value in bitcoin. It's one of the first homes on the market testing the digital currency, which was introduced in 2009 and is not backed by a central bank or government. The virtual currency is created by a computing process known as 'mining,' and can be traded online through unregulated Internet exchanges.

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