AEPropMgmt (OP)
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April 04, 2013, 04:13:43 PM
Last edit: April 05, 2013, 04:25:23 AM by BadBear |
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Hello Everyone, I wanted you all to be the first to know about AE Property Management accepting bitcoin for rent: (from https://www.aepropertymanage.com/index.html#news) AE Property Management is now accepting Bitcoin as a method of payment for rent payments on any home it manages. “It is with great pleasure that we announce our full acceptance of Bitcoin. We are eager to help anyone who wants to use bitcoin to invest with us or to rent a home. Stay tuned for more exciting developments unfolding with regards to Bitcoin,” says CEO and Founder Larry Dean Silvey. “At the same time that I decided to invest in it myself, I knew I wanted to accept it in my business,” explains Silvey. “I think it makes sense. I believe it is the future, and I like that it cannot bounce or be charged back.” Critics of Bitcoin often cite price volatility as a potential barrier to acceptance for business owners. But Silvey is unfazed: “I think it is more valuable than the dollar. At this point, I am not concerned about volatility.” “Getting set up to accept a new currency was relatively simple. We were up and running in a matter of days. I had the help of my partner, Colin Osterman, and my web designer, Web Works.” |
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"If you don't want people to know you're a scumbag then don't be a scumbag." -- margaritahuyan
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jwzguy
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April 04, 2013, 04:17:04 PM |
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Holy mackerel!
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fishface
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April 04, 2013, 04:20:58 PM |
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Mods: Please move to the Service Announcements subforum. Hello Everyone, I wanted you all to be the first to know about AE Property Management accepting bitcoin for rent: (from https://www.aepropertymanage.com/index.html#news) AE Property Management is now accepting Bitcoin as a method of payment for rent payments on any home it manages. “It is with great pleasure that we announce our full acceptance of Bitcoin. We are eager to help anyone who wants to use bitcoin to invest with us or to rent a home. Stay tuned for more exciting developments unfolding with regards to Bitcoin,” says CEO and Founder Larry Dean Silvey. “At the same time that I decided to invest in it myself, I knew I wanted to accept it in my business,” explains Silvey. “I think it makes sense. I believe it is the future, and I like that it cannot bounce or be charged back.” Critics of Bitcoin often cite price volatility as a potential barrier to acceptance for business owners. But Silvey is unfazed: “I think it is more valuable than the dollar. At this point, I am not concerned about volatility.” “Getting set up to accept a new currency was relatively simple. We were up and running in a matter of days. I had the help of my partner, Colin Osterman, and my web designer, Web Works.” This is so cool, I am originally from TN but never lived in Memphis. Now I am interested just because of this! |
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c1010010
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April 04, 2013, 04:22:08 PM |
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Nice. Really good idea. And a bold step, if I may say so myself.
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Azure
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April 04, 2013, 04:24:36 PM |
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Interesting!
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mjc
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April 04, 2013, 04:37:52 PM |
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Very Nice. Thank you for your commitment to Bitcoin.
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strikegold
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April 04, 2013, 04:41:50 PM |
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i guess they see this as a big investment opportunity anyway great news  |
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BobsBurgers
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April 04, 2013, 05:46:27 PM |
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Wish I could pay my rent in bitcoins!
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currybit
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April 04, 2013, 05:48:07 PM |
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Amazing!
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djole
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April 04, 2013, 06:01:10 PM |
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Can somebody explain me how is BTC expected to become a worldwide adopted currency if its value is abnormally fluctuating ?
Is it because it's a new currency that is still in its early evolving stage ? Will it become more stabile in the future ?
One more thing is bothering me also... If there are now 10.000.000 BTC coins in turnover and every 10 minutes there are new BTC produced, wouldn't that produce inflation instead of deflation ?
Am i missing something ?
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hubbabubbabaker
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Sometimes - history needs a push.
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April 04, 2013, 06:05:25 PM |
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Great to see more businesses adopting. Hopefully this starts a snowball effect.
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"To know your Enemy, you must become your Enemy." -Sun Tzu
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DannyHamilton
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April 04, 2013, 06:44:18 PM
Last edit: April 04, 2013, 07:12:27 PM by DannyHamilton |
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- snip -
Is it because it's a new currency that is still in its early evolving stage ?
That is the current belief. Will it become more stabile in the future ?
That is the hope or expectation. One more thing is bothering me also... If there are now 10.000.000 BTC coins in turnover and every 10 minutes there are new BTC produced, wouldn't that produce inflation instead of deflation ?
Yes, the only way to increase the supply of currency is to inflate the supply of currency, therefore bitcoin is currently in a period of supply inflation. However, because the rate of adoption of bitcoin is outpacing the rate of supply inflation, it is experiencing a period of price deflation (you spend less bitcoin to get the same amount of stuff). The inflation schedule is such that right now 25 new bitcoins are produced approximately every 10 minutes. In a bit less than 4 years that will be reduced to 12.5 new bitcoins every 10 minutes. Every 4 years the amount of new bitcoins that are produced will continue to be reduced. Eventually the amount of bitcoins that are lost/destroyed will outpace the new creation. From then on bitcoin will be in a period of supply deflation. |
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gacbmmml
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April 04, 2013, 07:06:50 PM |
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I dream of the day when every merchant and landlord accepts btc as payment.
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djole
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April 04, 2013, 07:07:37 PM |
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- snip -
Is it because it's a new currency that is still in its early evolving stage ?
That is the current belief. Will it become more stabile in the future ?
That is the hope or expectation. One more thing is bothering me also... If there are now 10.000.000 BTC coins in turnover and every 10 minutes there are new BTC produced, wouldn't that produce inflation instead of deflation ?
Yes, the only way to increase the supply of currency is to inflate the supply of currency, therefore bitcoin is currently in a period of supply inflation. However, because the rate of adoption of bitcoin is outpacing the rate of supply inflation, it is experiencing a period of price deflation (you spend less bitcoin to get the same about of stuff). The inflation schedule is such that right now 25 new bitcoins are produced approximately every 10 minutes. In a bit less than 4 years that will be reduced to 12.5 new bitcoins every 10 minutes. Every 4 years the amount of new bitcoins that are produced will continue to be reduced. Eventually the amount of bitcoins that are lost/destroyed will outpace the new creation. From then on bitcoin will be in a period of supply deflation. Got it now, thanks for explanation |
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Domrada
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April 04, 2013, 10:11:02 PM |
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I can't wait for this to go national.
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sega01
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April 05, 2013, 09:31:35 PM |
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This is terrific! You guys are awesome.
Just need to buy some properties here in San Antonio. I'd love to rent from you guys.
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boonies4u
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April 05, 2013, 09:55:23 PM |
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I'm glad to hear that you are accepting bitcoin! I would call the market/price right now volatile though.
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knight22
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--------------->¿?
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April 06, 2013, 03:02:32 AM |
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This is very nice!
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