Cointelegraph’s Joseph Hall visited a bitcoin-themed bar in Greater Manchester and spoke with its founder, Adam.
While opening a bitcoin-themed bar sounds like a dream for many bitcoiners, it also comes with its challenges, according to Adam (who did not share his last name), the founder of Satoshi’s Place.
Cointelegraph reporter Joseph Hall visited Satoshi’s Place and sat down with Adam. The duo talked about the history of the place, how it came about, and the difficulties of running a Bitcoin business in the UK.
According to Adam, he first got into Bitcoin
in 2013. Five years later he opened a coffee and coffee shop that accepts BTC payments with his own Bitcoin ATM. At the time, the founder pointed out that they did not have the Bitcoin Lightning Network and had to wait a while for the payments. He explained:
“That was literally layer 1. It wasn’t Lightning, it was slow. But I think it was only small amounts anyway. So we just let the user sit and watch the transaction and stuff.
The cafe team has done several tests over the years, but had difficulties in terms of adoption and problems with their bank. “I had a bank account here that was closed for about a year just from accepting bitcoin payments,” he said. Adam pointed out that even if everything was properly documented and presented to the banks, his accounts would still be blocked.
Despite the problems faced, the founder said he was still going. From being just a coffee shop, the place started offering pizzas in honor of Bitcoin Pizza Day. Finally, the venue also offered workshops for those who wanted to learn about Bitcoin. “Everything from Lightning Education, Bitcoin for kids, Bitcoin development, all the different types. There are about 16 hosts that I have so far that want to do workshops,” said Adam.
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After the growth of the workshops and the reception of Bitcoin in the area, the founder eventually turned the place into Satoshi’s Place, to celebrate Bitcoin’s pseudonymous creator Satoshi Nakamoto. The place offers a bitcoin-themed atmosphere, with hand dryers emitting heat from a bitcoin miner.