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Staff Thoughts

Shielded ZCash Transaction at NH Retail Store

A customer purchased a “Live Free or Die” wood plaque and a “Legalize Gay Marijuana” bumper sticker at the Free State Bitcoin Shoppe in Portsmouth, New Hampshire using an encrypted digital currency called ZCash. The cryptocurrency is the most private money ever created, relying on a complex mathematical principle called a “Zero-Knowledge Proof”. Essentially this customer took some digital cash, locked it in a box with a secret key, and sent the shop the key. There is no discernible trail left. No observer can look up the transaction on the blockchain, not even those who know the sending/receiving addresses. Pretty slick! Here’s what it looked like:

This marks yet another turning point for human freedom. An evolution on the creation of bitcoin, this new cryptocurrency offers features and advantages that bitcoin simply doesn’t. While many are still holding fast to the promises of failing Federal Reserve Notes, others are seeking alternatives and building more reliable systems that make extortion far more difficult. Learn more by following the Free State Bitcoin Shoppe on Twitter and by joining their email list.

Categories
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: