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Author Topic: 2013-04-08 Bar in NYC accepts Bitcoin  (Read 1214 times)
bitchris
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April 08, 2013, 07:59:11 PM
 #1

http://money.cnn.com/2013/04/08/investing/bitcoin-bar-new-york-city/

This is not only another great step for the establishment of Bitcoin in the offline world, but early adopting Businesses also get a great deal of free Press / Marketing at this point. I´d say this a really good Win - Win situation for every one. I´m sure we will hear lots more of these sort of stories. The smartest businesses will be among the first to accept Bitcoin and get all the free exposure that comes along with it.
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gweedo
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April 08, 2013, 08:13:51 PM
 #2

So Charlie is partnering in this bar? That is very strange to me, why would a bar that has already has a famous mixologist, sell a partnership to a person that is running and CEO of a bitcoin company. Very strange bringing in someone that has no restaurant experience as far as I know. Something isn't right, but good for him.

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Rincewind
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April 08, 2013, 08:38:23 PM
 #3

Here's where price stability becomes a serious issue.

Hate to treat my party to a round of drinks and be unaware the btc conversion rate crashed with a high-volume sell off on mt. gox while I was out.

"The whole aim of practical politics is to keep the populace alarmed (and hence clamorous to be led to safety) by menacing it with an endless series of hobgoblins, all of them imaginary."
-- H.L. Mencken (1918)
Yankee (BitInstant)
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April 08, 2013, 08:41:43 PM
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So Charlie is partnering in this bar? That is very strange to me, why would a bar that has already has a famous mixologist, sell a partnership to a person that is running and CEO of a bitcoin company. Very strange bringing in someone that has no restaurant experience as far as I know. Something isn't right, but good for him.

My childhood friends are the founders of the bar, and I'm simply one of many investors who put in money to fund the launch.

Why is that strange?

Bitcoin pioneer. An apostle of Satoshi Nakamoto. A crusader for a new, better, tech-driven society. A dreamer.

More about me: http://CharlieShrem.com
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April 08, 2013, 08:43:56 PM
 #5

Here's where price stability becomes a serious issue.

Hate to treat my party to a round of drinks and be unaware the btc conversion rate crashed with a high-volume sell off on mt. gox while I was out.
Yup. Price is too unstable for any merchant to use right now.

BTC:1AiCRMxgf1ptVQwx6hDuKMu4f7F27QmJC2
wormbog
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April 08, 2013, 08:45:11 PM
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Here's where price stability becomes a serious issue.

Hate to treat my party to a round of drinks and be unaware the btc conversion rate crashed with a high-volume sell off on mt. gox while I was out.

It's much more likely your drinks will get cheaper from the time you order to the time you pay for them. It might even motivate a few people to keep drinking!
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April 08, 2013, 08:51:25 PM
 #7

So Charlie is partnering in this bar? That is very strange to me, why would a bar that has already has a famous mixologist, sell a partnership to a person that is running and CEO of a bitcoin company. Very strange bringing in someone that has no restaurant experience as far as I know. Something isn't right, but good for him.

My childhood friends are the founders of the bar, and I'm simply one of many investors who put in money to fund the launch.

Why is that strange?

Cause you have no restaurant experience, that is why it is strange, but I can see you just trust your friends, hope it works out for you.

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Stephen Gornick
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April 08, 2013, 08:52:18 PM
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This is one of those use cases where the race attack double spending method is definitely a risk they are exposed to but it is simply uneconomic for the attacker to try.  The bar will earn more profit from my unsuccessful attempts than they would lose from an occasional successful one.    And the attacker would be passed out long before a successful trial anyway.

So I'ld be curious what method EVR is performing to know if a double spend had been attempted (e.g., using a payment processor that has multiple monitoring nodes and upon nodes seeing double spends an alert occurs?)

And I'ld be curious what would happen if a double-spend attacker tried (and was caught)?    Would the attacker simply be escorted to the door, ... or charged with broadcasting some bits out port 8333 that resulted with the ability to get "free" drinks?

kibblesnbits
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April 09, 2013, 12:25:30 AM
 #9

Drink options?

"Overclocked Video Card" - Flaming shot of sambouca
"Forked Block Chain" - Heineken followed with a Rumple Minze shot

and for the designated drivers: the Merkle Root Beer

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David M
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April 09, 2013, 12:31:45 AM
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Yup. Price is too unstable for any merchant to use right now.

Nope.  Took a transaction yesterday.
Stephen Gornick
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April 09, 2013, 12:36:45 AM
 #11

and for the designated drivers: the Merkle Root Beer

Ha, clever!  I stole that for a tweet.

kibblesnbits
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April 09, 2013, 12:47:17 AM
 #12

It would be cool to have a few small flat panels around the bar with a BTC ticker on it. 

"Woo hoo, BTC is up another 10%!  Next round's on me!"

It looks like a pretty classy place.  I was thinking you could mount some broken cards and case fans, but it might get too much like TGI Fridays.  I'm local, half-debating jumping on PATH....  Argh...

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Kazu
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April 09, 2013, 01:06:36 AM
 #13


and for the designated drivers: the Merkle Root Beer


CoinLenders - Bitcoin Bank Script / Demo
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