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 […]

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Dollars Not Accepted, Free Staters Bet on Bitcoin with America’s First “Crypto-Only” Retail Shop

Although the new store opening today in Portsmouth, New Hampshire may appear to be another small town gift shop, it is the first store of its kind in the world. “We’ll take any crypto-currency: Dogecoin, Dash, Ether, Bitcoin…but no dollars, thank you,” says Steven Zeiler. He and Derrick Freeman are co-owners of Free State Bitcoin Shoppe, a “crypto-only” retail store – located at 56 State St. “We believe it’s better money,” says Freeman, “and our mission is to help Portsmouth transition to an inflation-proof currency that’s publicly accountable.” Unlike dollars, there is a fixed amount of bitcoin. Similar to gold, […]

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