ANOTHER New Hampshire restaurant now takes bitcoin! STREET, a trendy restaurant on the hipster West End of Portsmouth became the latest business in the Live Free Or Die state to trade goods and services for the new money. I stopped by with my partner Steven to have Sunday Brunch. He had biscuits and gravy with an avocado omelette. I had bacon and avocado in Scrambled eggs with a Hash brown. When we were done, we paid in bitcoin! Thanks STREET!
The following is a summary and analysis of a graduate thesis paper written by Michael Russo. It’s titled, “Satoshi’s Broken Promise: Conflicting Rhetorics In The bitcoin Ecosystem.” Russo calls bitcoin, “…yet another digital artifact promising revolution while at the same time instituting its own brand of control.” He claims bitcoin fails in its principles of decentralization, bitcoin as property, and anonymity. That being said, the following is highly critical of bitcoin, but not a dismissal of the technology. I only request that you keep an open mind in considering the points below, as I believe they are worth the attention.
Bitcoin was, and is, the response to a financial disaster, as indicated by Satoshi’s referencing the following headline from the Financial Times: “Chancellor on brink of second bailout for banks” (“Genesis Block”). -Russo
I once argued that bitcoin is not and should not be held to libertarian principles. If we are to accept it as an open technology, as a true alternative to the current banking system, we need to accept creative uses of the blockchain that are both apolitical, and pro-establishment. Limiting the currency to a specific ideal and infighting about its adoption and use can only stagnate its rise. However, Russo makes a compelling argument for the fact that as bitcoin gains popularity, it becomes more vulnerable. (more…)
It’s beautiful and simple, yet transformative. Convert paper currency into cryptocurrency with a single button. Spend it in the bar, diner, or dozens of other bitcoin-accepting businesses in Manchester. Check it out at Murphy’s Taproom today!
Last night I went to Strange Brew Tavern in Manchester for their 200th bitcoin meetup. It is the longest running consecutive bitcoin meet up in the world — going for almost 4 years now.
People talked about mining ethereum and being dash masternodes — they talked about successful strategies for encouraging businesses and individuals to take cryptocurrencies as payment — and they talked about achieving more personal freedom in New Hampshire. I was impressed by the turnout. About 2 dozen or so people. A range of all types: gay and straight, techies, real estate people, media people, old, middle aged, and young mothers and their children. The group gets the whole back room in the tavern and received excellent service the whole night.
Mattheus von Guttenberg expresses his romantic visions of the Free State Project and Bitcoin in his writing.
Read his work: https://bitcoinmagazine.com/author/ma…
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