I am pretty confident we are the new wealthy elite, gentlemen.

[Beliathon]

It is hard to believe, but Peter_R and I calculated that according to his Metcalfe Law model of bitcoin prices, if we increase the permanent number of daily bitcoin transactions by one, then the bitcoin market cap increases by over $100K.

That is true only because we are still so early in this game. I believe many/most Bitcoiners vastly overestimate how far we are into Bitcoin's evolutionary cycle. We've only JUST exited the "stealth phase".

[1714137614]

1714137614

[1714137614]

1714137614

[rpietila]

I will soon have a premium hotel. How to make as many as possible bitcoin transactions out of it?

- Give 5-10% off of advance room reservations when paying bitcoin (wpb)?
- Give 20% off of restaurant bill if it's over $100 per person wpb?
- QR-code room service menus with one click ordering?
- In bars, also direct ordering from tables wbp?
- All staff wears/carries QR-codes for tipping?
-

Cool if I can be responsible for multimillion$ increase in bitcoin market cap
 

[bryant.coleman]

I will soon have a premium hotel. How to make as many as possible bitcoin transactions out of it?

- Give 5-10% off of advance room reservations when paying bitcoin (wpb)?
- Give 20% off of restaurant bill if it's over $100 per person wpb?
- QR-code room service menus with one click ordering?
- In bars, also direct ordering from tables wbp?
- All staff wears/carries QR-codes for tipping?
-

Cool if I can be responsible for multimillion$ increase in bitcoin market cap

I hope that you are being serious. You are one of the most reputed members around here, and everyone will be grateful for your contribution to make Bitcoin more popular. Post here when your business plans are complete. For sure, I'll be waiting for the details of your new venture.

[MOON_2000]

Its really hard to say, but as a hedge, you should at least have some percentage in bitcoin on hand long term.

[yenom]

I will soon have a premium hotel. How to make as many as possible bitcoin transactions out of it?

- Give 5-10% off of advance room reservations when paying bitcoin (wpb)?
- Give 20% off of restaurant bill if it's over $100 per person wpb?
- QR-code room service menus with one click ordering?
- In bars, also direct ordering from tables wbp?
- All staff wears/carries QR-codes for tipping?
-

Cool if I can be responsible for multimillion$ increase in bitcoin market cap
 

All of those options make sense. I have been investing in bitcoin and have been wanting to spend and replenish, however the limited number of merchants where I have had an opportunity to do so did not incentivize me to use bitcoin. In fact the opposite was true, it was more expensive to pay in bitcoin that fiat, so naturally I paid in fiat even when I really wanted to use bitcoin.

I presume you will have some kind of literature explaining bitcoin to people that have never heard of it? It also would be good to find a way to allow people that don't have any bitcoin to pay in bitcoin and get your discount. Have you thought about how to implement that? It would be a nice introduction.

[Lauda]

It is hard to believe, but Peter_R and I calculated that according to his Metcalfe Law model of bitcoin prices, if we increase the permanent number of daily bitcoin transactions by one, then the bitcoin market cap increases by over $100K.

That is true only because we are still so early in this game. I believe many/most Bitcoiners vastly overestimate how far we are into Bitcoin's evolutionary cycle. We've only JUST exited the "stealth phase".

You're right. This is very early in the race. I'm actually waiting for the halving, which is in 2 years.

[Acidyo]

I will soon have a premium hotel. How to make as many as possible bitcoin transactions out of it?

- Give 5-10% off of advance room reservations when paying bitcoin (wpb)?
- Give 20% off of restaurant bill if it's over $100 per person wpb?
- QR-code room service menus with one click ordering?
- In bars, also direct ordering from tables wbp?
- All staff wears/carries QR-codes for tipping?
-

Cool if I can be responsible for multimillion$ increase in bitcoin market cap
 

Wow, this is amazing. Seeing as you have good reputation, I'm willing to help out with anything I can.
Student with a lot of time on his hands and fluent in 4 languages.

[BitChick]

I will soon have a premium hotel. How to make as many as possible bitcoin transactions out of it?

- Give 5-10% off of advance room reservations when paying bitcoin (wpb)?
- Give 20% off of restaurant bill if it's over $100 per person wpb?
- QR-code room service menus with one click ordering?
- In bars, also direct ordering from tables wbp?
- All staff wears/carries QR-codes for tipping?
-

Cool if I can be responsible for multimillion$ increase in bitcoin market cap
 

I am assuming you will be utilizing the castle in Estonia as a hotel right?

Hopefully we can make a trip out there next year if all goes well.  If BTC reaches $10,000 or so I see many trips in my future! 

The kids want to go to Disney World first though.  I guess I can't blame them.    Although I would prefer Europe over Disney World at this point.

[BitChick]

I will soon have a premium hotel. How to make as many as possible bitcoin transactions out of it?

- Give 5-10% off of advance room reservations when paying bitcoin (wpb)?
- Give 20% off of restaurant bill if it's over $100 per person wpb?
- QR-code room service menus with one click ordering?
- In bars, also direct ordering from tables wbp?
- All staff wears/carries QR-codes for tipping?
-

Cool if I can be responsible for multimillion$ increase in bitcoin market cap
 

Wow, this is amazing. Seeing as you have good reputation, I'm willing to help out with anything I can.
Student with a lot of time on his hands and fluent in 4 languages.

4 languages? Impressive!

There was a joke once circulating around:

What do you call a person that speaks two languages?  Bilingual.

What do you call a person that speaks three languages?  Trilingual.

What do you call a person that only speaks one language?  American. 

I, unfortunately, fall into the last category.  I guess we feel like we can get by with English in most of the world.  Also, I think start teaching foreign languages too late in our schools.  Most students only start taking another language in high-school but studies have shown that it is much easier for very young children to pick up other languages.  Oh well.  I am thankful for Google translate.

[bryant.coleman]

I am assuming you will be utilizing the castle in Estonia as a hotel right?

Estonia? I thought that Risto Pietila was from Finland. Anyway.... having a hard time in differentiating between the Finnish and Estonian names... they sound so familiar.  

Has he posted any pictures of the hotel yet?

[BitChick]

I am assuming you will be utilizing the castle in Estonia as a hotel right?

Estonia? I thought that Risto Pietila was from Finland. Anyway.... having a hard time in differentiating between the Finnish and Estonian names... they sound so familiar.  

Has he posted any pictures of the hotel yet?

Yes he is from Finland but the castle is in Estonia.  http://bitcoinexaminer.org/bitcoin-castle-born-estonia/

[rpietila]

I will soon have a premium hotel. How to make as many as possible bitcoin transactions out of it?

- Give 5-10% off of advance room reservations when paying bitcoin (wpb)?
- Give 20% off of restaurant bill if it's over $100 per person wpb?
- QR-code room service menus with one click ordering?
- In bars, also direct ordering from tables wbp?
- All staff wears/carries QR-codes for tipping?
-

Cool if I can be responsible for multimillion$ increase in bitcoin market cap
 

Wow, this is amazing. Seeing as you have good reputation, I'm willing to help out with anything I can.
Student with a lot of time on his hands and fluent in 4 languages.

Thanks! You have any experience in website design?

BitChick: In Europe, speaking 4-6 languages is commonplace, and I presume Acidyo is from here also

Together, me and my wife speak Finnish, English, Swedish, German, French, Russian, Estonian and Spanish. In decreasing order of fluency

[bryant.coleman]

http://bitcoinexaminer.org/bitcoin-castle-born-estonia/

Beautiful!

[Bit_Happy]

I am assuming you will be utilizing the castle in Estonia as a hotel right?

Hopefully we can make a trip out there next year if all goes well.  If BTC reaches $10,000 or so I see many trips in my future! 

The kids want to go to Disney World first though.  I guess I can't blame them.    Although I would prefer Europe over Disney World at this point.

When the Dollar is low, many people come to the USA for vacations, weekends and sometimes just shopping trips.
If BTC goes high enough, someday many of "us" will be able to travel ......even travel to the Moon!  

[BitChick]

I will soon have a premium hotel. How to make as many as possible bitcoin transactions out of it?

- Give 5-10% off of advance room reservations when paying bitcoin (wpb)?
- Give 20% off of restaurant bill if it's over $100 per person wpb?
- QR-code room service menus with one click ordering?
- In bars, also direct ordering from tables wbp?
- All staff wears/carries QR-codes for tipping?
-

Cool if I can be responsible for multimillion$ increase in bitcoin market cap
 

Wow, this is amazing. Seeing as you have good reputation, I'm willing to help out with anything I can.
Student with a lot of time on his hands and fluent in 4 languages.

Thanks! You have any experience in website design?

BitChick: In Europe, speaking 4-6 languages is commonplace, and I presume Acidyo is from here also

Together, me and my wife speak Finnish, English, Swedish, German, French, Russian, Estonian and Spanish. In decreasing order of fluency

I feel stupid now.  Thanks.  

I understand enough Spanish and French to order at restaurants though!  And I can also pronounce the names of most NHL hockey players.  That is something many Americans can't do.  

[Bit_Happy]

http://bitcoinexaminer.org/bitcoin-castle-born-estonia/

Beautiful!

If this is legit (not to become the next Neo and Bee), then it is Beautiful!
Certainly a top destination for future travel.

Maybe they can launch space  flights in the back yard? 

[BlueBitAUT]

Hi,

why to "reduce" it to your own business?
AFAIK especially in the luxuysegment of tourism, every "tourist attraction" loves to offer their activities to Hotels.

If you have someone, doing the contracting with them, you could easily offer to accept payments in BTC for everything that belongs to a (Luxury-)Holidaytrip from A-Z.
Even if those involved 3rd parties would like to get paid in local currency, you just have to exchange it for them.

- Airport Limousine Services / Taxi
- guided Sightseeings
- all the Wellness stuff
- Tickets for surrounding Museums, Concerts or whatever events happening around
- Vouchers to other Restaurants or Shopping Malls
- Wine tastings
- ...and everything else the region has to offer
***EDIT: and of course, you could also do the booking for the flights etc. too!

So you really could say: the whole stay is paid 100% in BTC.
What do you think?

(native) German, English and some Slovakian here - and of course, always open for opportunities to work or support in Bitcoinbusinesses

[bitpop]

Each room must have a Bitcoin node

[Kimmo]

I will soon have a premium hotel. How to make as many as possible bitcoin transactions out of it?

- Give 5-10% off of advance room reservations when paying bitcoin (wpb)?
- Give 20% off of restaurant bill if it's over $100 per person wpb?
- QR-code room service menus with one click ordering?
- In bars, also direct ordering from tables wbp?
- All staff wears/carries QR-codes for tipping?
-

Cool if I can be responsible for multimillion$ increase in bitcoin market cap
 

If I visit the hotel, I would prefer to make as few bitcoin transactions as possible.

Maybe you could have an BTC account that guests can fund before/during the stay, and then make a smooth UI to pay for the services?

At the poolside bar I don't want to use bitcoins or my phone

[SlipperySlope]

I will soon have a premium hotel. How to make as many as possible bitcoin transactions out of it?

If I visit the hotel, I would prefer to make as few bitcoin transactions as possible.

Maybe you could have an BTC account that guests can fund before/during the stay, and then make a smooth UI to pay for the services?

Provocative idea.

Because Bitcoin is programmable money, the hotel in an ideal world, upon arrival has you issue a series of small denomination bitcoin transactions whose sum is slightly greater than what you will spend altogether. Each of these transactions requires the private key of the hotel to spend. FYI, These are called N of M transactions by the protocol. The hotel is the escrow agent in this 2 of 2 version.

N of M transactions are defined by the protocol but not yet a wallet feature.

In the ideal world, the smooth UI you mention simply notifies the hotel of the item particulars and enough of the previously issued transactions to cover the purchased item are spent by the hotel.

Pay as you go.