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Topic: The Bitcoin Cafe - page 7. (Read 7001 times)

sr. member
Activity: 1036
Merit: 294
July 10, 2019, 12:48:07 AM
#44
maybe the purpose of establishing the cafe is because the owner is obsessed with bitcoin. so it's a unique cafe concept in my opinion and it can be used as a good promotional medium if indeed Bitcon can be legal in Bangladesh. because it will certainly be easy to attract people to learn bitcoin.

Indeed. Or, since he is pro bitcoin, he just used it as an inspiration and theme of his cafe which is great. It's different from other cafes which will surely attract customers whether local or foreign ones. This is also a good way of promoting crypto and giving people even just a bit of idea about it. Local customers may not be able to use it even though they are interested but, surely, for just the tourists who are simply traveling, then they can have the chance to know it better and eventually use it in a cryoto-friendly country.
hero member
Activity: 1834
Merit: 759
July 10, 2019, 12:27:05 AM
#43
Don't know what's terms included on the law declaring bitcoin or any other crypto as illegal there but any form of an advertisement on such illegal things is punishable by law at most of the cases. I just wondered how come the owner can freely operate his business? Or maybe like a form of a small protest or rally as part of freedom of speech?

Bitcoin itself isn't banned, you just can't use any foreign currency, and I suppose they put Bitcoin under that umbrella:

The ban comes as an enforcement of sections 4,5 and 8 of the 1947 law that regulate trading in foreign currency without authorization or general permission from the central bank. Section 5 severely restricts payments done outside Bangladesh, which definitely affect bitcoin payments.

You can probably also get away with USD and EUR cafes, except they'll need a special permit to actually accept those for payment lol.
staff
Activity: 3304
Merit: 4115
July 09, 2019, 05:43:21 PM
#42
I think that the reason for governments in this area bans cryptocurrencies is the rampant criminality there.
Governments probably try to regulate criminals and try to close every funnel of funding their illegal activities. They are not opposed to the technological innovation of bitcoin but maybe right now they don't have any other reason to allow it.

If this is indeed the reason it would be unjust. Cash, is as easy for criminals if not easier to use than Bitcoin. At least with Bitcoin you have recorded transactions on a public Blockchain, where as cash goes under the radar, and isn't public knowledge. Plus, cash is already used on the mass for criminals exchanging services, and goods.
legendary
Activity: 2240
Merit: 1069
July 09, 2019, 05:35:46 PM
#41
The cafe looks great. The owner of the cafe have good designs. About the name of the cafe, I can see the logic behind it. The owner is thinking that your country will change their position towards bitcoin. Thus, in anticipation of this event happening, he named his cafe Bitcoin Cafe. Right now, he won't accept bitcoin in accordance to the law of the country. But if the laws change, he can accept bitcoin as payment and he already owned Bitcoin Cafe name. No other cafe can name their cafe after bitcoin. Clever.
sr. member
Activity: 1330
Merit: 256
July 09, 2019, 05:33:34 PM
#40
very interesting, it is a good way to socialize BTC and other crypto to the public.  it would be even more interesting if the cafe was always watched about the concept of the Blockchain and some crypto currencies.  I think this method is very efficient and we have to follow this Bitcoin cafe.  and hope many people understand Bitcoin.
member
Activity: 490
Merit: 11
July 09, 2019, 05:04:49 PM
#39
In some countries there are still cafes like this.  I think that with the name related to the coin, only the crypto followers will come here and join the conversation.  They will talk about crypto-related topics comfortably without fear of disturbing others.

      This is great and I hope that there's also have like this in our country that people are gathering and comfortably asking about crypto currency in such a way of assimilating people about crypto currency .
full member
Activity: 686
Merit: 108
July 09, 2019, 05:02:14 PM
#38
This is great, i love the deign of the coffee shop and I love the guts of the owner to name it as a Bicoin Cafe even though the government are not allowed to use bitcoin. Happy to share that we have many coffee shops here who accepts bitcoin, i hope your government to fully lift the ban so you can now freely use bitcoin.
full member
Activity: 307
Merit: 100
July 09, 2019, 04:25:27 PM
#37


The 2014 warning by Bangladesh Bank did not get much coverage in the local press but international press and bitcoin forums widely reported that Bangladesh has “banned” bitcoin and warned that bitcoin users may be jailed for up to 12 years.

After knowing why he would accept Bitcoin. But he knows Bitcoin is the currency of the future, because of this he has named his cafes "The Bitcoin Cafe". Wait, Bangladesh is going to make Bitcoin(block chain) legal.
legendary
Activity: 3122
Merit: 1398
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July 09, 2019, 04:53:53 PM
#37
In Bangladesh, people are not allowed to use bitcoin or any other cryptocurrency. Govt has declared it illegal. The great news is our current Finance Ministry is thinking over it and we will probably be seen Bitcoin legal in the coming years.
In Dhanmondi, there's a cafe namely "The Bitcoin Cafe". Although they don't accept bitcoin or any other cryptocurrency, I see it as a great way of promotion, people will learn more about Bitcoin and cryptocurrency. I have visited this cafe 2 times and asked to pay with Bitcoin but he wasn't agreed.

The fact that bitcoin is illegal there, I found it amazing how brave the owner is to promote and even directly naming his cafe with "Bitcoin".

Don't know what's terms included on the law declaring bitcoin or any other crypto as illegal there but any form of an advertisement on such illegal things is punishable by law at most of the cases. I just wondered how come the owner can freely operate his business? Or maybe like a form of a small protest or rally as part of freedom of speech?

On a positive note, great that they are looking forward now for making bitcoin as legal currency there.
legendary
Activity: 1022
Merit: 1003
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July 09, 2019, 03:56:06 PM
#36
Was the cafe built before the government declared the Illegalization of Bitcoin? If not, then it's quite impressive to know the owner of the cafe taking a dangerous step just to promote the Bitcoin. It's even named after the Bitcoin itself. I can't imagine how did he have the courage to do that. Isn't it practically breaking the law to promote something that is illegal? I mean, even tho they're not accepting Bitcoin as a payment option, they're still giving the idea of this illegal currency. However, I still admire the owner's decision to literally not accept your offer to pay with Bitcoin. On one side, he still respects the law, but on the other side, he's kinda defying it too.
hero member
Activity: 2002
Merit: 535
July 09, 2019, 02:10:07 PM
#35
In Bangladesh, people are not allowed to use bitcoin or any other cryptocurrency. Govt has declared it illegal. The great news is our current Finance Ministry is thinking over it and we will probably be seen Bitcoin legal in the coming years.
In Dhanmondi, there's a cafe namely "The Bitcoin Cafe". Although they don't accept bitcoin or any other cryptocurrency, I see it as a great way of promotion, people will learn more about Bitcoin and cryptocurrency. I have visited this cafe 2 times and asked to pay with Bitcoin but he wasn't agreed.
If a country bans bitcoin then there is no way anyone could fight against that on a public domain and if your government can understand the true inception of bitcoin then they might rethink on what to do with the market if they fully understand the change required in the current market structure and the importance of a decentralized digital currency, i am not sure whether the cafe you are talking about is advertising bitcoin but it will be certainly be a niche cafe and a news grabber for coming up with the unorthodox niche that is not that familiar in your country.
member
Activity: 980
Merit: 62
July 09, 2019, 01:54:56 PM
#34
I think that the reason for governments in this area bans cryptocurrencies is the rampant criminality there.
Governments probably try to regulate criminals and try to close every funnel of funding their illegal activities. They are not opposed to the technological innovation of bitcoin but maybe right now they don't have any other reason to allow it.
legendary
Activity: 3010
Merit: 1280
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July 09, 2019, 01:44:05 PM
#33
Reading your post @OP, it is indeed a good thing that the government that  banned BTC is now reconsidering the lift the ban or illegality of the use of cryptocurrency in your country.  It seems the Finance Ministry had come to their senses that it will serve him good to open the country for the cryptocurrency usage than ban it.

I kind of like the boldness of the owner to have such a place with Bitcoin so visible in a country that is hostile to Bitcoin. The owner must have had to really think it through, as placing a spotlight on his business in such a way could go both ways for him.

It’s also pretty visible from the street:



Well the owner have courage, though government will not dare to file any case to the owner since it does not accept any cryptocurrency, what a clever guy the owner is.
legendary
Activity: 2338
Merit: 10802
There are lies, damned lies and statistics. MTwain
July 09, 2019, 01:33:13 PM
#32
I kind of like the boldness of the owner to have such a place with Bitcoin so visible in a country that is hostile to Bitcoin. The owner must have had to really think it through, as placing a spotlight on his business in such a way could go both ways for him.

It’s also pretty visible from the street:

legendary
Activity: 3178
Merit: 1054
July 09, 2019, 12:58:01 PM
#31


why is it that it has as dim light inside the cafe?  it looks like a perfect spot for drug trading Smiley

wish BTC will soon be legal in your country though. otherwise your country will be left behind. i'm also from a poor country in the world like Bangladesh,  some people from this country relying in online jobs. Their government should just consider BTC, adopt it like how big countries does.
newbie
Activity: 8
Merit: 0
July 09, 2019, 12:22:35 PM
#30
I think this is a great idea. If cryptocurrencies are in trend, then why not to make a design for them in your cafe. It looks very interesting. But i think it would be more fair to call the "Cryptocurrency Cafe" since the photo shows logos of other cryptocurrencies except Bitcoin. But it sounds harder and not so popular Grin
legendary
Activity: 2030
Merit: 1569
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July 09, 2019, 11:47:57 AM
#29
Well, sounds good but definitely, they only intended for promotion not accepting Bitcoins or other cryptocurrencies. Well, maybe people asking now how come that cafe looks like there are many logos on crypto but the whole concept they did not accept bitcoin/cryptocurrency as a payment. Indeed, that was good since OP says it is illegal to their place to use bitcoin and through that cafe still there is the presence of cryptocurrency even their government prohibited on it.
For promotions it will help awareness but how can they attract when the government is against the sage of this system, it's not making sense
not unless they have something behind this promotions, not really care about anything but just to help reaching people around the place to
learned and be attracted inside crypto.

It may work if they play the educational role seriously, as giving small tidbits about the whole thing, in coasters the tables, signs, video screens, etc; to let the public know. Eventually politicians will attend the cafe to find out, and perhaps later turn the anti bitcoin stance.

Perhaps a map somewhere: Did you know? Showing in green the countries where its legal (ie. the wikipedia legality map).

"Petition your politician today" with their mail addresses, etc.
sr. member
Activity: 1078
Merit: 256
July 09, 2019, 11:28:11 AM
#28
Well, sounds good but definitely, they only intended for promotion not accepting Bitcoins or other cryptocurrencies. Well, maybe people asking now how come that cafe looks like there are many logos on crypto but the whole concept they did not accept bitcoin/cryptocurrency as a payment. Indeed, that was good since OP says it is illegal to their place to use bitcoin and through that cafe still there is the presence of cryptocurrency even their government prohibited on it.
For promotions it will help awareness but how can they attract when the government is against the sage of this system, it's not making sense
not unless they have something behind this promotions, not really care about anything but just to help reaching people around the place to
learned and be attracted inside crypto.
hero member
Activity: 2968
Merit: 605
July 09, 2019, 11:24:09 AM
#27

from the photos the place looks nice and is a huge bitcoin advertisement but they were right not to accept bitcoin payment if it is illegal in the country...
jr. member
Activity: 378
Merit: 4
July 09, 2019, 10:52:11 AM
#26
i like it, i also like decoration.in my country we have some as well in different city so i havent been there yet.hope to see much more in the future.thats what is going to be happenb actually.
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