I am in the process of a social experiment. Can I pay off my house with using only bitcoins? I was pondering this question the other day and I think it is possible. What I plan to do is raffle off video cards, motherboards, power supplies, and other goods until I have enough to pay off my house. The goal is for a total payoff in under 1 year.
I want to bring awareness of bitcoins to a much larger audience. Just imagine if I am able to pay off my house with only bitcoins. The press associated with this feat would be huge and this would get the word out on bitcoins as something very tangible and of real value. If the person who traded up a paperclip for a house can get national press coverage, someone being able to pay for their house in bitcoins should get just as much, if not more.
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