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Have You Ever Bought or Sold a Domain For Bitcoin?

September 10, 2012

Bitcoin is a new form of digital currency which operates over a peer-to-peer network independent of any country, government or other central authority and whose popularity has been gaining since initial release in 2009.

In its own words, from Bitcoin.org,

Building upon the notion that money is any object, or any sort of record, accepted as payment for goods and services and repayment of debts in a given country or socio-economic context, Bitcoin is designed around the idea of using cryptography to control the creation and transfer of money, rather than relying on central authorities.

I’m interested to know if any domain investors have ever bought or sold a domain name using Bitcoin before.  If so I’d love to hear your comments below.  If not, continue reading as I am going to present you with the opportunity, if you so choose.

As the author of a Reuters story on Bitcoin notes,

Its value depends on users’ belief that it is worth something. So does all money, but in the case of Bitcoin this faith could be more fragile.

Case in point, last week it was reported that Bitcoin exchange Bitfloor was hacked to the tune of 24,000 Bitcoins (approximately $248,000).

In spite of this, I would like to give Bitcoin a try, on a small scale, so I’ve decided I will offer to purchase one lower dollar-value domain – $100 US equivalent or less, which at the current exchange rate works out to roughly 9 BTC (trading symbol for Bitcoin).

For those interested and willing to accept Bitcoin as payment, head over to this thread at DNForum where you can submit your best domain for sale within the ascribed price range.  (please send your names through the forum only, no direct emails through my blog. thanks)

If you are willing to purchase a domain for Bitcoin yourself, I’m currently offering the domain 24KaratGold.net for sale, in exchange for Bitcoin only, open to best offers, through this post also on DNForum.

For those not interested to participate directly, I will let you know in a future update about the outcome and whether or not I successfully bought or sold a domain using Bitcoin.  As always, thanks for reading.

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