Former patrons can't drown sorrows as first-ever bar to accept Bitcoin closes
Former patrons can't drown sorrows as beginning-ever bar to accept Bitcoin closes
A legendary Berlin-based watering hole and Bitcoin hub closes downward
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A legendary bar and restaurant in Federal republic of germany that was reportedly the offset to ever accept cryptocurrency as a form of payment has permanently closed.
According to an October. 18 Reddit postal service from Joerg Platzer, founder of Room 77, the first brick-and-mortar business to accept Bitcoin (BTC) is no longer accepting customers and has shuttered its doors. In a bye message riddled with references to Douglas Adams' The Hitchhiker's Guide to the Galaxy, Platzer said "cheers over again for all the fish and the generous tips" afterward more than than 15 years in business concern occupying "that little joint in Berlin Kreuzberg."
"We had a bang-up time," said Platzer. "Having a lot of fun and making many friends. It is clear by now that nobody will stop Bitcoin anymore. Sound money on a global scale volition before long make information technology unfeasable [sic] to wage wars and it will create economical equality amongst mankind."
Room 77, "the restaurant at the end of commercialism" located in the Kreuzberg district of Berlin, Germany, was reportedly the first brick-and-mortar location in the earth to accept Bitcoin as a class of payment. Platzer claimed to have received the first crypto payment in May 2011 for a pint of beer.
Given that the boilerplate toll of beer in Federal republic of germany is roughly $four.10 and Bitcoin had just reached parity with the U.S. dollar at that time, the patron could take easily paid for their potable with more than 1 BTC — now priced at $11,432. That's a high-quality drinkable.
Crypto Twitter users were quick to jump on the news with their pilgrimage stories to the legendary Bitcoin bar. Cointelegraph reported that even Bitcoin educator Andreas Antonopoulos had turned local concern owners onto crypto afterwards a chance coming together in the bar.
"A visit to Berlin was never complete without stopping by Room 77," said Bitcoin Core developer Eric Lombrozo. "This place will always remain part of Bitcoin history."
Phil Lucsok shared memories of his showtime time spending crypto in the real world:
"When I first got some Bitcoin, I just wanted to spend it somewhere AFK. I got to Room 77 on an early spring afternoon in 2013 and ordered a coffee since I didn't want beer or food, just wanted to spend some decentralized currency for the first time in my life."
Platzer did not provide a specific reason for the closure, but quondam patrons are speculating information technology may be related to restrictions due to the pandemic. Last calendar week, government announced a curfew requiring bars in Berlin to shut down between 11:00 PM and 6:00 AM and restrict gatherings to no more than 25 people indoors.
Though the ban was after lifted, many businesses worldwide are experiencing a drop in revenue as tourism drops and more people stay indoors.
"Arraign it on COVID or blame it on gentrification," said crypto economist Jon Matonis on Twitter. "Either fashion, this Kreuzberg landmark has served equally a Bitcoin watering hole for over 10 years, with thousands making the obligatory pilgrimage."
Source: https://cointelegraph.com/news/former-patrons-can-t-drown-sorrows-as-first-ever-bar-to-accept-bitcoin-closes
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