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Staff Thoughts

Cool Customers Sept 20, 2017

A guy came in today and shared something noteworthy with me, so I thought I’d pass it on to you, the readers of our blog.

He mentioned that his brother has a cannabis shop in Seattle, and that people want to buy plants and candies with credit and debit cards, but can’t. Why? Because cannabis prohibition is still ongoing in Washington, DC.

“But cannabis is legal in Washington state,” you say.

That’s true. But banks and corporations that issue credit and debit cards fear the Feds will shut them down if they process transactions for cannabis shops. So what are the shops to do?

As you might expect, many turned to bitcoin. But after Washington State threatened to make it illegal for cannabis shops to take bitcoin, a new bank-and-regulator-friendly cryptocurrency appeared. It’s called POSaBIT, and apparently the shops and customers are using it. Here’s what I found after a quick search:

POSaBIT Raises Seed Funding to Provide Digital Currency Payments Solutions to Industries Lacking Financial Services (prweb)

Pot-Friendly Bitcoin Payments Startup Raises $1.5M (Coindesk)

That reminds me — I keep seeing an ad pop up on Facebook — maybe you’ve seen it too. It’s for “Paragon Coin” and it has a pot leaf symbol. It seems to be aiming for the same market. Currency for pot sales. I personally don’t get why there would need to be a certain currency for a particular object, like cannabis. Why can’t they just use bitcoin? If you know, please tell me!

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Staff Thoughts

Grand Opening & Free Talk Live Broadcast from Shoppe

Wow, what an incredible day. It began at noon, when a man who had walked in weeks prior to buy his first bitcoin, returned to spend some on a 3D-printer kit to build with his son. Then, nationally-syndicated radio hosts Ian Freeman, Mark Edge, and Darryl W. Perry arrived and set up microphones to record an episode of their show Free Talk Live. Finally, we all headed over to the Seacoast Repertory Theatre for the 5-year Anniversary Screening of Victimless Crime Spree!

Here’s what you missed:

Broadcasting From the Free State Bitcoin Shoppe’s Grand Opening in Portsmouth, NH :: Operating the Store :: Is Bitcoin the Best? :: Bitcoin and Banks :: World Famous Bitcoin Tour :: Derrick J’s Favorite Customer Stories :: Joel Valenzuela from Dash Force News Joins Us :: Cryptocurrency Acceptance in Other Countries :: Bitcoin Vending Machine :: Victimless Crime Spree Fifth Anniversary

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Meetups Staff Thoughts

Bitcoin Meetup | Pink Bamboo

Great meetup last night at Pink Bamboo. The staff was very friendly and attentive and made sure we had everything we needed. The food was excellent, and there were new people in attendance (again!). We had 7 total this time, including a nurse and her mom who just got into bitcoin through a friend at work, and they’re both excited to hold multiple cryptocurrencies, and have the opportunity to spend them around Portsmouth!

One guy in attendance wanted to connect knowledgeable bitcoiners with those seeking expertise through a new online business he started, based in Portsmouth. Exciting new developments this week.

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Meetups Staff Thoughts

Bitcoin Meetup | The Rosa

The bitcoin meetup at the Rosa last night was amazing. 10 people got together at the restaurant for dinner and drinks. We set up bitcoin wallets, talked about trading cryptocurrencies, strategies for using bots on exchanges, where to get bitcoins, and how to get them securely off 3rd party crypto banks like Coinbase. People ranged in age from about 25-60.

About half the people attending were joining up for the first time. The food was excellent and plentiful, and the service was stellar and friendly. The server handled a growing table with a smile, and the manager came over several times to make sure everyone was happy. We stayed talking so long, we nearly overstayed our welcome because nobody wanted it to end! I got up to leave and made sure I set up the manager with a bitcoin and dash wallet. We talked about how cool it would be if State St in Portsmouth became the “Bit-Strip” where shoppers could walk downtown and spend bitcoin at every stop.

The next meetup is at Pink Bamboo at 8pm on Wednesday, September 13. I’d like to encourage all attendees to come hungry and order a lot of food and drinks. The idea is to show the restaurants whose venues we utilize that there are lots of prospective customers in the area who want to spend bitcoin at their business. Let’s use this meetup not only to enrich ourselves and increase our knowledge of cryptocurrencies, but also to demonstrate we are people worth emulating. We use bitcoin, and they can too! Bring crypto, or bring cash. They will be more interested in listening to us if we are giving them money!

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Staff Thoughts

Cool Customers Sep 1, 2017

One guy came in excited about a new token sale happening to allow people to accept payment in a coin in return for offering wifi.

Discovered a cool site to buy stuff with crypto. Will be sourcing some inventory from here.

Old couple came in and bought Dash from the machine.

Guy came in asking tax questions, I said talk to an accountant.

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Staff Thoughts

Cool Customers Aug 30, 2017

Some cool customers came in today and recommended we check out this cool stuff. Maybe you’ll like it too. One young woman recommended some documentaries. Another guy came in and told me about his crypto fund.

Categories
Meetups Staff Thoughts

Bitcoin Meetup | Durbar Square

Several new people attended this meetup — including a local business owner looking to accept bitcoin and other cryptocurrencies at his stores and a teenager who receives bitcoin for his allowance! The food at this Himalayan restaurant was SPICY and they accommodated our large group with a smile. We were disappointed that they didn’t take our crypto, though, since they had indicated a few days before that they would. We were left figuring out a large bill instead of split checks and we had to handle it with cash and multiple cards, but ultimately we figured out the best way to do it — one guy paid on his credit card and everyone paid him in either FRNs, bitcoin, or dash! So some of us did actually get to pay in crypto, and he made out pretty well for acquiring these currencies with no fees!

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Meetups Staff Thoughts

Bitcoin Meetup | Martingale Wharf

This meetup was incredible! A few guests came from out of the country to attend: one from Maine and two from Rhode Island. We talked about what to do with Bitcoin Cash (ahem, “Bitcoin Trash”), what wallets people are using to claim it, what exchanges to use to turn it into something useful (ahem, Dash, Ethereum, Monero — some people even still like Bitcoin). Dinner was great — nice and slow with lots of time to talk and meet different people. The service was excellent, of course, as to be expected at a great restaurant like Martingale Wharf. The staff was extraordinarily accommodating for our large (and growing) group. We started outside on the deck with some drinks, and then had appetizers and dinner inside with the large windows open, facing the water. Totally great.

Conversation topics included the Free State Bitcoin Shoppe, organizing meetups in other locations, ways to help businesses like Martingale Wharf take cryptocurrency, beginner stuff like downloading a wallet, expert stuff like multisig addresses and xpub keys, and lots more.

Afterward, some of us went over to the Shoppe and showed off the latest art. Everyone had a great time, and conversations lasted way longer than we could stay and eat. Here are a few pictures from the event:

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Staff Thoughts

Sunday, August 13, 2017

Coins that customers recommended today: Populous & Veritaseum

17-year-old entrepreneur who does sound design and offers free tutorials on YouTube

Customer recommended for coin picks: Cliff Highs (built bot for listening to the internet’s chatter)

Categories
Meetups Staff Thoughts

Bitcoin Meetup | Lazy Jack’s

Yesterday’s meetup went from good to great. A few of us got together at Lazy Jack’s and had drinks and a light lunch on the decks. One of the attendees set up his first bitcoin wallet. I sent him a dollar so he could see how it works. One person who was new to bitcoin this month noticed when he opened his wallet that the value of his bitcoin had increased by 15%. He was pleasantly surprised. They were relatively new and asked a lot of great questions:

“What gives it value?” “What makes you feel secure using it?” “Can’t the government or some bad guy shut the whole system down?” “How do you turn it back into dollars?” “Where can I spend bitcoin?” “Why not just invest in gold or silver?”

Halfway through the meetup, I got a phone call — it was my friend Jim Babb from Philadelphia! He’s into bitcoin, and I even bought 3D printed magnets from his daughters for bitcoin years ago! I told him to come down to the meetup! Afterwards, some of us went over to Free State Bitcoin Shoppe and used bitcoin to buy a singularity t-shirt, an ethereum book, a Somalia postcard, and laser-cut wooden souvenirs.

Next meetup is 3-4p Sunday Aug 20 at Martingale Wharf. See you there!