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Ft. Greene Businesses Accepting Bitcoin — Brooklynian

Ft. Greene Businesses Accepting Bitcoin

looks like you guys have a couple...

1st Bitcoin Transaction at Green Ave Mkt


we're jealous over here in Prospect Heights...

http://brooklynian.com/forum/prospect-heights/local-businesses-accepting-bitcoin

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Comments

  • Ft. Greene Becoming Bitcoin Dining Nexus

    Brooklyn’s neighborhood has three places where you can spend your Bitcoins (and fill your tummy)

    http://bitcoinexaminer.org/brooklyns-neighborhood-has-three-places-where-you-can-spend-your-bitcoins-and-fill-your-tummy/

  • I don't get how this works. The spot price today for bitcoins is about $132. That's a ridiculous amount of pizza, sandwiches, and soda. And do you get change in fractions of bitcoins?

  • bitcoins can go to a Satoshi (named after the anonymous founder of Bitcoin "Satoshi Nakamoto") .00000001 which is 8 places

    you might want to try this out

    http://trybtc.com/

    You might have heard about the big Silk Road bust today...

    the complaint against Silk Road Included the following

    "Bitcoins are not illegal in and of themselves and have known legitimate uses." http://i.imgur.com/iYvkFKe.png ....

    like buying Pizza I guess... Actually the first transaction which was 3 years ago in Bitcoins ...ten thousand of them ...was to purchase a pizza... https://bitcointalk.org/index.php?topic=137.msg1141#msg1141 that pizza would be worth over a Million Dollars today

    10,000 X 100 = 1,000,000 as long as the price of Bitcoin is over a 100

  • Fort Greene Bitcoin Factoid: Reddit Founder and Bitcoin Entrepreneur was born in Fort Green

    Alexis Ohanian on founding Reddit and future start-ups

    "Ohanian has funded dozens of start-ups – among them Instacart, which provides same-day grocery delivery, and Coinbase, which simplifies the exchange of bitcoins"

    Ohanian was raised in the suburbs of DC, but was born in the Fort Greene neighbourhood of Brooklyn, a short walk from his current flat, a converted 1928 warehouse and the only condo in Brooklyn Bridge Park. He decided on the neighbourhood during a walk with his father a few years back.

    “We’re walking from Fort Greene to Brooklyn Heights and when we get there, my dad tells me, ‘When you were a little kid, your mother and I used to think, wouldn’t it be nice if someday we could afford to live here?’” His parents would take him out in a pushchair from Myrtle Avenue to the promenade, which looks out over the same view he has now.

    Reddit began accepting Bitcoins in February

    http://www.ft.com/intl/cms/s/0/0c40c75e-1c73-11e3-a8a3-00144feab7de.html#slide0

    http://blog.reddit.com/2013/02/new-gold-payment-options-bitcoin-and.html

    http://en.wikipedia.org/wiki/Alexis_Ohanian

  • Good article about Bitcoin on Bloomberg.com. The oxymoron about it though is if you want to buy some you do it with real money and if you want to sell it you get real money. So, even though the value may fluctuate it's relative to the price of other commodities. It may be the next "big thing" but it's no different than other ways to make or lose money.

  • 20% decrease in bitcoin value due to drug trafficking website being shutdown..

    http://www.inquisitr.com/977593/bitcoin-value-drops-dramatically-after-silk-road-shut-down/

  • @PragmaticGuy Unlike any other financial instrument there is a limited number of Bitcoin that can ever be produced based on a algorithm. It also cannot be seized. Just look at what happened in Cyprus. Yes the government can compel you to hand over the keys (which is how they "seized" Bitcoins in the silk road raid)... but there is no button that any authority can press to seize your assets.

    This is very different from any other type of financial instrument you ever came across.

  • Maybe it's not a physical asset but it's a commodity nonetheless. And though in may not be seized the point is, there's not a whole lot that can be done with it until it's converted into real money. The guy who ran silk road is not going to be able to pay his lawyer in bitcoins. Until they're accepted as a legitimate form of payment it's mostly a lot of people trading them and hoping the value goes up like so many Beanie Babies. If I had my druthers I'd take Kruggerands.

  • @PragmaticGuy

    https://www.bitcoinstore.com/ ?

    Name for me another currency accepted by restaurants that you know of on/off Fulton Street besides Bitcoin and the U.S. Dollar...

    Try spending Canadian Loonie or Mexican Peso... from our neighbors to the north and south.

    Register your share of Microsoft in street name.. get it from the transfer agent and bring it to "Lean Crust" and see if they let you buy a couple of Pies with it.

    Try using your Kruggerand(s) to purchase your groceries at Green Ave Market .. maybe you would have better luck with an American Silver Eagle???

    BTW I heard this guy has great Baklava http://www.mandrik.com !

    :)

  • Ft. Greene(rs) is this your Pizzeria in the Wall Street Journal ?

    http://on.wsj.com/1gv9eiy

  • In the news again:

    A Brooklyn Bodega Owner Told Us Why All Merchants Should Start Accepting Bitcoin

    http://www.businessinsider.com/brooklyn-bitcoin-bodega-2013-11

  • Why do I suspect this bodega owner also owns a lot of bitcoins?

  • @whynot_31 and apparently lots of stores in Ft. Greene...

    but lots is a relative term.

    10 might seem like a lot today.

    but nary a year ago you couldn't do all that much with a mere 10.

  • Bitcoin Now Averaging Around $440 per https://bitcoinaverage.com

  • Subway accepting Bitcoin

    [video]

    Bitcoin surpassed $500 on MtGox today

    http://www.mtgox.com

  • It has rocketed up on the news and trading at $950 Equivalent on one of China exchanges right now http://www.okcoin.com with the Global Average over $800 http://www.bitcoinaverage.com

    @whynot_31 you should get a wallet at http://www.bitcoin.org (BitcoinQT @ http://bitcoin.org/en/choose-your-wallet) create a bitcoin address and put it in your signature for tips (you can create multiple addresses). If you set up a wallet.. PM me with the addy and i'll send over a couple bucks worth of Bitcoin to you.

    Blogging platforms such as Brooklynian have been integrating http://www.coinwidget.com and other tools for tipping.

  • Here's the thing that I wonder about Bitcoins...if the person or group that runs this whole algorithm dies off what happens then? The "money" isn't backed by anything. All currency that's issued by governments is backed by the government of that country. In addition...I would think (and I may be wrong about this) that the group that's running this didn't do it altruistically. So somewhere when this thing started someone paid real money to get the first bitcoins and someone will pay real money to get them every time they're released. So, this group is making a bundle off people that are paying for these coins and the people that are buying them are buying them in hopes they'll be worth more at a given time which may or may not happen. Just like any other commodity. Now maybe I'm missing the whole point of this but that's the way I see it.

  • @pragmaticguy Bitcoin is decentralized / Open Source. There is no "Bitcoin Company." The only way to shut it down is to turn off the internet -- an Electomeganetic Pulse perhaps? http://www.livescience.com/38848-emp-solar-storm-danger.html

    Also a Nation State could try a 51% attack but that would be expensive and difficult as the network is essentially the strongest supercomputer in the world http://www.reddit.com/r/Bitcoin/comments/1ky4om/a_realtime_tracker_of_bitcoins_51_attack_cost_and/

    Satoshi Nakamoto the founder could be a wealthy person(s) by cashing in some (or all?) of their bitcoin... but so what? They invented the protocol that is revolutionary / paradigm shift. For example The Google founders should not be wealthy? This is Programmable Money. A Supranational currency. It a method of payment and money. But not just money its a protocol so you can program it to be used as escrow for example. Solved the Byzantine Generals problem http://expectedpayoff.com/blog/2013/03/22/bitcoin-and-the-byzantine-generals-problem/ It hasn't been done before. The more you study Bitcoin you will see that it can change your view of the world the same way the internet did when you experienced it for the first time....

    [video]

  • The point is, that Bitcoin, like any other commodity, is only worth what people are willing to pay for it. If at some point people feel that it's not worth anything then, poof, all its value is gone. And since someone invented this type of money, what's to stop others from doing the same thing. There could end up being many different types of virtual money before long. Yes, I understand that for now it's a currency that can be spent anywhere but it still would be traded at the rate of the place it's spent in. So, it would be worth so many yen, or dollars, or euros which in that case why bother even getting any. You many as well just spend the money of that country.

  • The trick is to restrict supply of the comodity, while simultaneously making people believe that it has no substitute.

    The diamond industry does this very well. It makes lots of wealthy people believe that they can not express or receive "love" without diamonds, and controls the supply.

    It's genius.

  • Yeah, but DeBeers has been doing this for over a hundred years. And, most of us (myself included) have gone along with it. But you can hold a diamond. Are the photos of Bitcoins real or just photoshopped? I don't have the slightest clue but I would think that many people would want to see something more tangible before buying (pun intended) into it. The use of it for unlawful purpose makes more sense. Oh well, guess this is one trend I won't allow myself to get involved in. I'll stick with the diamonds.

  • Soon the ticker on the top will include bitcoin


  • It may as Bitcoin is, like I said, a commodity, and an imaginary one at that, not really a useful way to pay for things. Bloomberg.com had an interesting article the other day stating that Bitcoin was not a reliable currency in that it fluctuates too quickly. As an example they stated that it was about $900 on Tuesday and $536 on Wednesday. So if you bought something on Tuesday you paid much less in Bitcoins but if the seller waited until Wednesday to change them to real money he got over 40% less in value. Also it means that if you waited until Wednesday to buy something you paid roughly 50% more in Bitcoins than you would have on Tuesday. You're not going to be buying your next big ticket item with Bitcoins because there's no guarantee that what it's worth this minute will be what it's worth in the next hour. A bad deal for the buyer or seller. It's fine for smaller items I would think but until there's a way to make it more stable I can't see many businesses getting on the bandwagon to take this "money."

  • Someone moved $136 Million worth of Bitcoin today

    paid a 0.0005 bitcoin, or 37 cents fee for the transaction

    https://blockchain.info/tx/1c12443203a48f42cdf7b1acee5b4b1c1fedc144cb909a3bf5edbffafb0cd204?utm_source=buffer&utm_campaign=Buffer&utm_content=buffer19025&utm_medium=twitter



    via

    Merchants who want a slick interface can use bitpay

    BitPay World’s First Zero Transaction Fee Payment Processor

    Read more at http://www.maxkeiser.com/2013/11/bitpay-worlds-first-zero-transaction-fee-payment-processing/#i8mKqFSLKDCwR0tt.99

  • List of Ft. Greene Establishments that Accept Bitcoin

    -Fresh Garden 729 Fulton st.

    -Mirai Wellness Spa 670 Fulton st.

    -Lean Crust 737 Fulton st.

    -Oxford Kitchen 1 Greene ave.

    -Greene Ave Market 17 Greene ave.

    -Greene-Ville Garden 373 Myrtle ave (if not yet very soon)

    some info here

    Report: Fort Greene Markets Accepting Bitcoin

    http://fortgreene.patch.com/groups/business-news/p/report-fort-greene-markets-accepting-bitcoin

    Bitcoin goes to Washington, and Brooklyn

    http://www.cnbc.com/id/101207195

    Brooklyn Businesses: Show Me The Virtual Money

    http://newyork.cbslocal.com/2013/11/13/brooklyn-businesses-show-me-the-virtual-money/

  • According to the list, not real big ticket items. Can't wait to see the first auto dealer or even furniture store accept them.

  • Bitcoin is a protocol. I suspect as companies begin to create additional layers over this protocol so that its less cumbersome for both merchants and consumers to use, we will see wider adoption Re: "auto dealer or even furniture store"

  • Soho apartment for rent in Bitcoin making rounds today