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Author Topic: [2018-04-05] New Bitcoin-Only Shop Open in New Hampshire  (Read 22 times)
nickbelski
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April 06, 2018, 06:59:02 AM
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Derrick J. Freeman and Steven Zeiler founded what they claim is the first crypto-only brick and mortar retail establishment in the US, the Free State Bitcoin Shoppe. Visitors pay for merchandise with cryptocurrencies like bitcoin. If they don’t have cryptocurrency, the store clerk helps them download and fund their first wallet. They checkout using an Ipad in a Square stand running New Hampshire-based free point-of-sale software Anypay. News.Bitcoin.com caught up with Mr. Freeman for an exclusive interview.

Bitcoin Shoppe is Crypto-Only


Portsmouth, New Hampshire hasn’t been widely thought to be a hotbed of crypto activity. It just might be, and it probably has something to do with the Free State Project (FSP). Yale doctoral student Jason Sorens basically wrote about a secessionist movement of the most personal sort. It wound up evolving into asking 20,000 freedom-loving people to build a political force in the state of New Hampshire, the “Live Free or Die” state. “A large portion of the people who moved to New Hampshire in search of freedom are bitcoin users,” Derrick J. Freeman explained. “That’s because they know about the Federal Reserve. Once you know about that, and you know there’s an alternative, it’s pretty hard to reconcile your personal responsibility for its perpetuation.”

Mr. Freeman, a well-known figure in the FSP, continues, “Cryptocurrencies affords us the opportunity to not just withdraw our support for values we detest, but to actively support coins whose communities actively embrace certain values we share. It’s amazing, and anyone not yet benefiting from participation in these communities is missing out.”

Founded in the Summer of last year, the Free State Bitcoin Shoppe is open seven days a week. Though it’s obviously a profit-making enterprise, Mr. Freeman notes it also serves as an educational platform. “The number one thing we sell is the ‘Bitcoin 101’ class at the Blockchain Institute where people learn how to get a bitcoin wallet, how to send and receive bitcoin, and how to backup their money safely. We also sell bitcoin watches, bitcoin mugs, bitcoin pint glasses, hardware wallets, bitcoin t-shirts, bitcoin socks, bitcoin books, silver rounds, dvds, enigma machines, books about programming and economics.”

The importance of having a real-world, flesh and blood place where the curious can come and ask questions, take a test spin in this new space, is badly needed, Mr. Freeman urges. “They’ve all heard about it from the news, or a friend, coworker, or family member, and they’re curious. They want to know, ‘Is this thing real? Like, are people actually using it?’ And we get the pleasure of pointing them to our huge map on the wall with flags sticking out at every one of 22 locations that currently accept bitcoin in this town of 22,000. We designed and printed pamphlets that we encourage people to take from a box on our front door. It explains how to get a wallet (of course we recommend Bitcoin.com wallet right at the top), and a map of the World Famous Bitcoin Tour of Portsmouth (http://WorldFamousBitcoinTour.com).”

See more: https://news.bitcoin.com/new-bitcoin-only-shop-open-in-new-hampshire/

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April 06, 2018, 10:47:51 AM
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This is new! Wow! I am hoping I could visit the place, though. Surprising enough too that it is not being paralyzed at the moment brought about by some governmental interference in the guise of policy-making regulations. Well anyway, it just sounds like a memorabilia shop to me. Unless of course clients would pay using their Bitcoins. This, to me, is undeniably risky because of the fluctuating price of Bitcoin to date. One moment you benefit from it; other moment you just fall with it. Hence, if it were me, I would never pay using my Bitcoin unless the item is only cheap. I would never want to lose yet another opportunity in Bitcoin just because I used the same to purchase items I could actually buy using traditional fiat currency. Do you get what I mean?
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