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Staff Thoughts

Free State Blockchain Digital Assets Conference 2018 Recap

Kyle Clark, who attended the conference in Portsmouth, wrote a recap of things that stood out from this small-size but large-impact event. Read his article here.

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Meetups

Dash Meetup Beasts Bitcoin Meetup — Again

Here’s what the first regular Dash Meetup looked like last night:

By the numbers, Dash continues killing it in Portsmouth. Despite my best efforts, the scrappy #13 coin appears by all metrics to secretly be #1.

The Portsmouth Bitcoin Meetup took place just one day before the DASH meetup. Here is what it looked like:

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Staff Thoughts

What’s the exchange rate for BipCoin to Zimbabwe dollars?

Yeah, that just happened.

Incredible. I can not believe it. A man who mined THE BipCoin walked into the Bitcoin Shoppe and asked if he could use them to buy merchandise. Where else on Earth (or Alpha Centauri) would the answer be YES?

We were prepared to accept his BipCoin at a rate of 0.01 USD per BipCoin, but he did not bring his coins with him. He had some Bitcoin Cash, though, and decided to use (perhaps) the world’s best money to purchase the world’s worst: Zimbabwe Dollars. Wow. Such amaze.

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Meetups Staff Thoughts

Lecture on Dash Scalability

Dr. Darren Tapp and Nakul Chawla, two Dash developers, present the results of their latest tests on the viability of different scaling methods for cryptocurrency. They shared this valuable information with the public at the Blockchain Institute of Technology. Here is a link to the paper they produced, and here is their official publication on which the paper is based.

Video of the event:

Friday, June 29, 2018 7p-9p

 

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Staff Thoughts

Delivering a Crypto Experience That Inspires Merchants

You have asked dozens, hundreds, maybe thousands of merchants if they will take Bitcoin, Dash, Litecoin, Ethereum. And in return, you got the dreaded blank stare that says, “How the hell am I supposed to do that? And why would I?”

These are two of the most common objections that stifle the spread of cryptocurrency adoption. Fortunately, you have Anypay.

Watch how easily Steven is able to buy flowers for bitcoin from a merchant who never used crypto before.

Without any instruction, in seconds the owner figures out all on her own how to set up the point of sale and take payment. She instantly knew without any confusion that the sale was final. The bright green screen appeared, the coins jingling sound played, and a white checkmark indicated to her she had received her money. “Awesome, look at that!” she said with a smile.

Later she will discover she has a way to check all her past invoices, see if they were paid or unpaid, view the sale price in dollars vs the current value of the crypto she collected, and more. Anypay is a free tool built for merchants, and it is the most powerful resource for crypto adoption today.

Do you have a merchant in mind who you would like to accept Bitcoin or Dash or some other cryptocurreny? Anypay works on any platform and requires no special ID. Make an account on your phone right now and show how simple it is to use next time you are at your favorite business.

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Meetups Staff Thoughts

Dash Steals the Show on Bitcoin Pizza Day 2018 in Portsmouth

Well well well. The 8th Anniversary of the first-ever cryptocurrency purchase (10,000 Bitcoins for 2 Papa John’s pizzas in Jacksonville, Florida), and digital cash enthusiasts everywhere are celebrating by gathering to eat pizza and and spread their favorite money. Portsmouth, New Hampshire (aka “Bitcoin Village“) was no exception!

Bitcoin Pizza Day 2018 at STREET’Za in Portsmouth

Hometown favorite restaurant STREET’Za made it happen for us. They have been taking Bitcoin and a handful of other cryptocurrencies since they opened in 2017. Their sister restaurant STREET led the way for Portsmouth and the entire Seacoast region by being the first in town to accept the new currency. Their adventurism has paid off big-time, regularly drawing in new business from cryptocurrency lovers from out of town and even out of state.

Bitcoin Pizza Day 2018 at STREET’Za in Portsmouth

Even though the Boston Bitcoin Cash Meetup group just had an event there Saturday, a guy in Portland reached out to me and said the Portsmouth Bitcoin Network should have a meetup of its own on the official Bitcoin Pizza Day (May 22). We did, and it was excellent.

Bitcoin Pizza Day 2018 at STREET’Za in Portsmouth

Only 4 people RSVP’d to the event, but you never can tell with these things. Eleven people showed up! One attendee works for Coinbase in New York City. He received some playful ribbing. Another has a business setting up merchants to take cryptocurrency. A few asked for his card. One was finance professor at a local university researching ICOs. He asked about classes at the Blockchain Institute of Technology. Three were students home for the summer. They installed their first hot wallets on their phones and loaded them with some coins. Attendee ages ranged from 16 to 55, with the average probably around 30. The Boston Bitcoin Meetup the previous Saturday drew in 4 people total, one from Haverhill and one from Portland.

Bitcoin Pizza Day 2018 at STREET’Za in Portsmouth

The best part? Everyone used cryptocurrency to pay. Without exception. Some friendly nudging was offered when all but 2 attendees paid with Dash instead of Bitcoin. Rightly, these people were ridiculed. After all, we were there for Bitcoin Pizza Day. But then again, Dash has benefits over Bitcoin that make it more attractive for customers. First, transaction fees are lower. Much lower. Like 20 times lower. Those who paid with Bitcoin paid an extra twenty cents in fees on top of their payment compared with Dash’s fee of less than one cent.

Bitcoin Pizza Day 2018 at STREET’Za in Portsmouth

Not really a big deal, but then get this: Dash-Back. Because STREET’Za accepts their crypto using the Anypay digital cash register, their customers receive an instant rebate when they pay with Dash. In my case, I paid $12.50 for some chicken wings and received a dollar of Dash right back into my wallet. Not bad. All things being equal, when faced with the choice between two cryptocurrencies, using Dash makes a lot of sense if the merchant is using Anypay. Why not use the coin that pays you to use it instead of the one that you have to pay extra to use?

Here are some shots of folks enjoying and paying for their meals.

Bitcoin Pizza Day 2018 at STREET’Za in Portsmouth
Bitcoin Pizza Day 2018 at STREET’Za in Portsmouth

Oh yeah, I almost forgot. Many of the attendees asked if they could pay the server’s tip with their crypto. The manager said yes and took the tips on his phone with the promise to pass them along to our server after setting her up with her own wallets, or paying her out in cash (whatever her preference). In the past, this has been a great way to introduce new people to crypto. They know it has real value because they can see it being used to buy things where they work.

Bitcoin Pizza Day 2018 at STREET’Za in Portsmouth

So…How was Bitcoin Pizza Day in your town? If it was uninspiring, consider moving to New Hampshire, the Crypto Capital of the World!

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Staff Thoughts

One Weird Trick to Become a Trillionaire in a Day

New item in stock at the Bitcoin Shoppe in Portsmouth! 100 Trillion Dollar Zimbabwe Notes now in stock, with certificate of authenticity from the Federal Reserve Bank of Zimbabwe, in 24K Gold.

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Staff Thoughts

Ten Billion Dollar Zimbabwe Notes from Hyperinflation

Learn about what causes this disaster of government fiat here.

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Staff Thoughts

Gold-Backed Tokens: Overheard in the Bitcoin Shoppe

A regular at the Shoppe mentioned something cool today. It’s an Ethereum token redeemable for physical precious metals. How? Well, the company hasn’t explained that yet. According to their website, they are first seeking permission from various “authorities” where they plan to serve customers.

Their website says Coming Soon, but the last update was from 3 months ago. Here’s a more recent Medium article about the token. The price is currently $0.14

Another guy came in today who just moved to Nashua and is hardcore into mining. He told me about TurtleCoin. It’s a hard-fork of Monero and he seems to think it’s worth mining because it’s so easy and you can exchange it for BTC. I set him up with a Dash wallet so he could spend it around Bitcoin Village, and he was really happy to buy a Monero shirt. He used Verge to buy it! That’s the one coin that PornHub accepts for payment. Pretty interesting.

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Staff Thoughts

Cool Connections: German Libertarians Discover Bitcoin Shoppe, Purchase Cufflinks, Share Liberty Blogs

These excellent German tourists stopped by the Bitcoin Shoppe by accident — they noticed the sign and stopped in. All of them own bitcoin, but they had never used it to buy real things in a retail store. They each downloaded wallets and then loaded them with coins. Then they purchased bitcoin cufflinks and a bitcoin tie.

One of them, Stefan, shared with me a post he wrote on his friend’s blog. I could tell from the banner of the site that this was going to be good.