2013-04-08 Bar in NYC accepts Bitcoin

[bitchris]

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.

[Rincewind]

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.

[Yankee (BitInstant)]

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?

[Remember remember the 5th of November]

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.

[wormbog]

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!

[Stephen Gornick]

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]

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

[David M]

Yup. Price is too unstable for any merchant to use right now.

Nope.  Took a transaction yesterday.

[Stephen Gornick]

and for the designated drivers: the Merkle Root Beer

Ha, clever!  I stole that for a tweet.

[kibblesnbits]

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...

[Kazu]

and for the designated drivers: the Merkle Root Beer