We never said anywhere that Satoshi invented the Lightning network.
Yes layer-1 and layer-2 Bitcoin are accepted not just Lightning.
Plenty of assumptions made by you but thanks for your feedback!
Our goal is to Educate and onboard users into the Bitcoin space, of course we will be an actual business so will also be taking dirty fiat to pay the bills and suppliers!
ok a few lessons for you.
.....
This looks nice and I wish you the best for the future of this place, I would love to come visit if I am ever in Manchester! I wonder how you would set the bitcoin price tag for drinks and stuff in the menu, since the price changes quite a lot even during a single day?
Also will it be possible to purchase bitcoin at the bar to be able to directly pay for the purchase, since I would imagine many people will enter the shop that never heard of btc before.
first lesson is that bitcoins never leave the BITCOIN network
I don't see where they claimed that bitcoins could leave the network
Hey, thank you.
We have built an API which pulls a weighted Bitcoin price (exchange rate) every 60 seconds and updates a dynamic display.
> Also will it be possible to purchase bitcoin at the bar to be able to directly pay for the purchase, since I would imagine many people will enter the shop that never heard of btc before.
Yes this is one of the key goals of the hub, so users can buy a small amount of BTC to then use (or keep) at the bar, buying drinks or snacks.
Make sure your place also runs a few BTC nodes and c-lightning nodes as well.
Thanks!
Yes we will be setting up several nodes (and probably running some workshops on how to set them up) current funds will just cover the basics for now but it is on our priority list!
This looks really cool, great name too, I hope it works for you!
I think for it to be popular enough (financially profitable) it might be worth branching out beyond Bitcoin and crypto a bit, while keeping all the aesthetics. I only worry that if only Bitcoiners go to that bar then it won't get many/enough customers. If it were to host hackspaces, tech workshops, financial talks or similar, then I think it could attract some non-Bitcoiners to the space as well.
I only worry that preaching to the crowd doesn't serve to attract new people, though can imagine it could certainly get some BTC tourism from further afield.
Thanks! Yes the struggle will be not making it to nerdy for people to be put off by as we will still accept FIAT for payments (As we need to still make money to pay the bills!)
Yes - it is a tough one but will to take the risk
Great news and great idea and I’m sure knowing your past that you will make it work . I knew coinfest 2021 wasn’t going to be your last project. When you are a genuine Bitcoiner - you can’t stop promoting Bitcoin
I’ve been to a few coinfests over the last few years (apart from the covid years) and I know what dedication you have given to promoting Bitcoin and helping any newbies around with workshops, bitcoin giveaways , charitable donations AND all for no monetary/ bitcoin gain. It’s great to meet people who actually walk the walk not just talk the talk when promoting Bitcoin.
As far as using LN - IMHO - go for it
I’ve bought and sold 100s of goods over the years with bitcoin and have never had any problems, but everyone knows it’s impractical for buying a beer/ coffee etc, so use the next best thing - LN.
I’ll certainly visit when I get a chance and I sincerely wish you all the best.
Thanks!
Appreciated!
I am excited to see how it will develop and hope it has a positive impact on adoption, we want to onboard users but if people aren't interested then no pressure ( I am sure they'll be back in the future with questions!)
Op, I'm happy that you're doing this. It looks like a nice place, and 3 times a week isn't a bad start. I can see there's a bar there, and people will be able to pay with the Lightning Network. Will they be able to pay with a Bitcoin on-chain transaction if they want (not via the LN, obviously)? And what are the tax implications if people pay with Bitcoin in a bar in the UK? Do they (customers) or you (owner) need to report it anywhere?
Good luck with the project!
Yes - They'll be able to pay with a on-chain transaction aswell.
The customer necessarily doesn't need to report it but I suppose they could count it as a disposal to HMRC!
As for us then to keep the banks off our back then we'll be recording everything even if we are not selling the BTC (Which we don't plan to), we'll record the FIAT value at the point of transaction and report that.
Thanks.
congratulations it's a great idea, keep us updated on how your entrepreneurial adventure is proceeding.
is it the first enterprise of its kind that you carry out or are you already "introduced" in the sector?
I try to give you my advice .... you could insert a showcase in which you offer "collectible" products, books, card games, liquor bottles related the crypto world... in any case... good luck! if I ever go on this area I'll come and have a drink
Thanks! We started renting the site back in 2018 and I had a Coffee Shop accepting BTC and hosting a few Bitcoin meetups, we then converted to a Pizzeria (Yes selling Pizza for BTC and having awesome BTC Pizza Days!) but illness, COVID and decent pizza chef closed all that!
Nice idea!
[moderator's note: consecutive posts merged]