North Idaho Landowner Selling Waterfront Property For Bitcoin

Mar 5, 2014

Credit Antanacoins / Flickr Creative Commons

A North Idaho man is selling lake-front property for bitcoin, a digital currency that isn't regulated like the U.S. dollar.

The Coeur d'Alene Press reports Hayden resident Alen Golub has joined with neighbors to sell 660 waterfront acres. Golub tells the paper he's selling his 50 acres in exchange for bitcoin.

The newspaper reports Golub attended the North American Bitcoin Conference last month in Miami and he's trying to attract bitcoin users to Idaho.

"They're innovative, they're young, they're talented," he told the Press. "Many of them are extremely wealthy."

When people at the Miami conference heard he was from Idaho, they recognized Idaho as a place where politicians regularly boast of a lightly regulated business environment, he said.

"I want to attract Bitcoin people to Idaho," he said. - Coeur d'Alene Press