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Staff Thoughts

Crypto City reddit page

New reddit page is a place to learn and discuss all that is happening in the most crypto friendly city Portsmouth, New Hampshire. Join the page and help build the community to keep Portsmouth in the forefront of crypto innovation.

Crypto City reddit page

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Staff Thoughts

2 Curious Customers Learn About Ethereum

Here at the Free State Bitcoin Shoppe we had 2 curious customers who wanted to learn a little bit about our funky apparel! Come by and check out some merchandise for yourself!

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Staff Thoughts

Spend Dash, get Dash back!

In this video I call Anypay an ‘app’ but unfortunately it has yet to be on the app store. If you own a business and want to start accepting cryptocurrencies like Dash to receive these amazing Dash-back benefits come by the Free State Bitcoin Shoppe, or contact us on this website under the ‘Contact’ tab.
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Staff Thoughts

CNN Covers Free State Bitcoin Shoppe, DASH in Portsmouth New Hampshire aka Bitcoin Village

I still can’t believe it. I just watched this video by CNN about a New Hampshire man who is able to live his entire life on cryptocurrency. I’ve come close, but he’s got even me beat. Truly an impressive feat. To learn his secret, watch this video:

Amazing, Joël. Brilliantly done. You are welcome at the Free State Bitcoin Shoppe anytime! To level up your crypto game, attend the next Portsmouth Bitcoin Network meet up. Or if you’re super-serious, enroll in the Blockchain Institute of Technology.

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Enigma Machine at the Bitcoin Shoppe

Today the Shoppe received 4 enigma machines. Back in the day, these devices helped soldiers communicate with each other over long distances on open telegraph wires while concealing their messages.  Now they can secure your cryptocurrency.

But how do they work? James gives a quick demo by encrypting and decrypting the word “BITCOIN”:

Pick one up for yourself and show it off to your friends and family. Use it to encrypt your plain-text private seeds to make them unreadable by thieves. Write messages to your kids and teach them about the history of encryption and how far we’ve come — we now have encrypted money!

Join us for the next Portsmouth Bitcoin Meetup this Friday April 6, to learn how to cryptographically secure your bitcoins with a multi-signature wallet. Why would you want to do that? Answer: So that you can share your crypto with a handful of people (say, in an organization) while making it mathematically impossible for any one person to run away with the money. You can use advanced cryptography to produce a bitcoin wallet that requires more than one person to sign off on a transaction before funds can be spent. Pretty awesome. The lecture is free and open to the public. Doors open at 7, lecture starts at 7:30. RSVP here.

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Meetups Staff Thoughts

Another Victory for STREETZA – Leaders in Cryptocurrency Cuisine!

This week’s bitcoin meetup was awesome. Street’za is perfect for the occasion. 8 Seacoasters gathered to talk bitcoin, litecoin, cardano, and decentraland! 3 people who showed up for their first time came to get info about cryptocurrencies. They each installed an app called Dash Wallet onto their phones and left with cryptocurrency in their back pockets.

The staff was especially accommodating and kindly separated all of our checks (I know what a hassle that can be). The best part is: this allowed everyone to pay their bill with dash.

I learned about the latest with Decentraland: people can now claim their stake of land by converting the coin, called “Manna” into land on the platform’s 3-dimensional universe. Decentraland is the first and only ICO in which I tried to participate. Sitting curled tightly over my laptop, finger hovering over the trackpad ready to tap with fury the second the ICO went live, and — What’s this? — It’s over?

I didn’t make the land-grab in time. In 39 seconds, a group of people raised 86,260 ETH (approximately 25 million USD). And I had missed it. I tried, but I didn’t get to be part of the launch. The story is more complicated and worth looking into, but I just shrugged and moved on.

The guy who told me about it at one of these meetups months ago successfully got his manna and told me he had “converted it to land”! He said he claimed somewhere out in the boonies, but I think owning any land on a blockchain-based virtual reality platform is such an impressive expression of human imagination and engineering to own property anywhere on this digital new “Second Life”. The next meetup is at Dos Amigos in Portsmouth, Thursday, Jan 18. Please RSVP here so that we can save a seat for you! It’s an important part of these meetups to be good  cryptocurrency ambassadors, so we always pay with cash or cryptocurrency. No cards. And bring a tip for the establishment for letting us crowd their space for a little while.

 

 

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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.