bitcoin

Raise a glass at Satoshi’s Place and take on the challenge of running Bitcoin businesses


On Friday, Cointelegraph visited Satoshi’s Place, a Bitcoin (BTC) hub in Greater Manchester. Named after the anonymous creator of the world’s largest and most widely accepted cryptocurrency, the bar and workspace offers workshops, coworking spaces for local businesses, and Bitcoin-inspired cocktails.

Adam, the founder (who chose not to share his last name), first heard of Bitcoin in 2012 and has spent the past 10 years experimenting with ways to onboard and educate people about Internet magic money. He told Cointelegraph over a beer — paid for by Bitcoin on the Lightning Network — that this was the first of many forays into the Bitcoin industry.

Everything in the space – absolutely everything – is Bitcoin-themed or Bitcoin-branded. From orange being the dominant color to the rare Bitcoin art adorning the walls to the hand dryer in the restroom, which generates heat from – you guessed it – a Bitcoin miner plugged in upstairs.

The “Gold Rush” was the most popular cocktail of the evening.

Adam explained that over the past four years he has focused his efforts on Bitcoin merchant adoption, a growing trend in the UK. Satoshi’s Place started life as a coffee shop, then a pizzeria in 2018. At first, customers could buy coffee with Bitcoin and even use a Bitcoin ATM to buy and sell Bitcoins, “Back when it was legal,” he joked.

“People were putting £20,000 in cash into an ATM every month. From teenagers to I think the eldest was 93.

Bitcoin ATMs were forced to close by the Financial Conduct Authority in March this year. Adam explained that despite doing everything right – “a complete exchange system literally up to the minute” – the banks made life difficult.

An example that is part of a larger trend, Bitcoin businesses in the UK are under siege from banks. Adam’s experience is no different: he had trouble with Barclays while operating a UK-based crypto festival called CoinFest and had bank accounts blocked and emails ignored. despite his best efforts to do business above the edge.

Satoshi’s Place is his third attempt at creating a book-like space for bitcoin enthusiasts and precoiners to meet and learn what money is, and why bitcoin might be better. Thanks to the Lightning Network, a bitcoin layer 2 solution, payments are now near instantaneous, frictionless and virtually free. Many bettors, bitcoin enthusiasts, and even newbies bought burgers and drinks with bitcoin at the bar on Friday.

The bar uses solutions from Fast Bitcoins and CoinCorner, two Bitcoin companies based in the Isle of Man. The CoinCorner team made the trip across the Irish Sea to mingle on Friday and host a Bitcoin workshop the following day.

Elsewhere, Nathan Day, “Pleb at Large” and contributor to BTCMap.Org, an open-source map to show where Bitcoiners can spend Satoshis, demonstrated Bitcoin-themed games. Jordan Walker, CEO of Bitcoin Collective, the group behind the UK Bitcoin Conference, was schooled by Day’s son in Sats-Man (like Pac-Man but with Satoshis).

Related: British ‘Bitcoin Adventure’ shows BTC is a family affair

Satoshi’s Place workshops will be as free as possible and open to everyone: Bitcoin the currency does not discriminate, after all. The workshops in the main room workspace cover “Everything from Lightning Education to Bitcoin for Kids, Bitcoin Development, all different types. There are about 16 hosts I have so far who want to do workshops.

It has been over a decade since Satoshi Nakamoto walked away from public involvement in the blockchain community. It makes you wonder what they would have thought of spaces like this, all these years later.