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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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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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Staff Thoughts

Aristotle says Bitcoin is good money

Bitcoin fits Aristotle’s definition for good money. Money must be Durable, Portable, Divisible, and Intrinsically Valuable. Does the U.S. dollar or other Fiat currencies fit this definition?

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Staff Thoughts Uncategorized

Ross Ulbricht Joins Twitter

Ross Ulbricht,  founder of the Silk Road, has joined Twitter @RealRossU. He is currently serving a double life sentence in prison for creating a website. Make sure to give him a follow to give him a voice. The tweets are notes he is currently writing from prison. He is now approaching 5 years in prison and its important to help him in his fight for freedom.

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Staff Thoughts

Erik Voorhees and Peter Schiff Debate

ReasonTV just uploaded the July 2nd debate between well-known investor and economic commentator Peter Schiff and Erik Voorhees, the CEO of Shapeshift. The debate question was if Bitcoin or a similar cryptocurrency would replace government issued fiat currency. The link is provided below it’s definitely worth a listen. Peter Schiff has done great work in calling out the 2008 economic crisis and believes fiat currency is harmful, but doesn’t quite seem to get Bitcoin.

https://reason.com/blog/2018/07/19/bitcoin-future-money-debate

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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

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

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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Staff Thoughts

Curious Customer Learns About Bitcoin

New customer learns a little bit about Bitcoin! Come find out what it is all about at the Free State Bitcoin Shoppe.

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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.