A customer purchased a “Live Free or Die” wood plaque and a “Legalize Gay Marijuana” bumper sticker at the Free State Bitcoin Shoppe in Portsmouth, New Hampshire using an encrypted digital currency called ZCash. The cryptocurrency is the most private money ever created, relying on a complex mathematical principle called a “Zero-Knowledge Proof”. Essentially this customer took some digital cash, locked it in a box with a secret key, and sent the shop the key. There is no discernible trail left. No observer can look up the transaction on the blockchain, not even those who know the sending/receiving addresses. Pretty slick! Here’s what it looked like:
This marks yet another turning point for human freedom. An evolution on the creation of bitcoin, this new cryptocurrency offers features and advantages that bitcoin simply doesn’t. While many are still holding fast to the promises of failing Federal Reserve Notes, others are seeking alternatives and building more reliable systems that make extortion far more difficult. Learn more by following the Free State Bitcoin Shoppe on Twitter and by joining their email list.
The crypto-economy grew a little bit larger today when the popular downtown shop Portsmouth Smoke and Vape started accepting Ethereum, Dash, ZCash, Litecoin, and Bitcoin. Customers can now buy all the glass, incense, vaporizers, cleaning kits, tobacco products, e-cigarettes, and accessories they could possibly want — all using digital cash.
They sell online too, so if your current local shop won’t take your litecoin, consider getting your items sent right to your house instead by buying at their website! You can keep the same privacy you would get from a cash transaction as your local shop, plus you get the advantage of online shopping.
My partner and I learned that the owner was looking to take bitcoin due to increased demand from customers asking if they could pay in the digital currency. He thought it was a great idea and stopped into our shop to ask how he would get set up to take it as payment. We met the next morning, and it took less than an hour from start to finish. All it took was downloading an app and clicking through a few prompts to set up 5 different secure digital wallets. Now his business can take payment in 5 popular cryptocurrencies.
One cool and unique thing about the way they set it up is that the owner linked his store’s crytpo wallets with his phone. That enables him to see when a payment has come in, no matter where he is, plus he can then send the coins to a secure wallet that employees can’t access. Try doing that with a traditional cash register!
Wow, what an incredible day. It began at noon, when a man who had walked in weeks prior to buy his first bitcoin, returned to spend some on a 3D-printer kit to build with his son. Then, nationally-syndicated radio hosts Ian Freeman, Mark Edge, and Darryl W. Perry arrived and set up microphones to record an episode of their show Free Talk Live. Finally, we all headed over to the Seacoast Repertory Theatre for the 5-year Anniversary Screening of Victimless Crime Spree!
Here’s what you missed:
Broadcasting From the Free State Bitcoin Shoppe’s Grand Opening in Portsmouth, NH :: Operating the Store :: Is Bitcoin the Best? :: Bitcoin and Banks :: World Famous Bitcoin Tour :: Derrick J’s Favorite Customer Stories :: Joel Valenzuela from Dash Force News Joins Us :: Cryptocurrency Acceptance in Other Countries :: Bitcoin Vending Machine :: Victimless Crime Spree Fifth Anniversary
The Seacoast Repertory Theatre in Portsmouth is screening Derrick J’s Victimless Crime Spree Sunday, September 17, 2017 at 7pm. All are welcome and admission is FREE – first come, first serve! Drinks and concessions are available for purchase with bitcoin (and DASH). One of five existing DJVCS movie posters will go home to one lucky raffle winner!
This Independence Day, I am pushing the meme of New Hampshire Independence. It is its own country of 1,331,000 people with a unique set of cultural, economic, and philosophical values. It’s about time you and I start referring to NH as a country. Forget “draining the swamp” — Leave the swamp!