Bar in Woolloomooloo Sydney to be Australia's first pub with Bitcoin acceptance.
[caption id="attachment_1872" align="alignleft" width="316"] Old Fitzroy Hotel proprietor Garry Pasfield is taking Bitcoins as payment for beers Source: News Limited[/caption]
[caption id="attachment_1873" align="alignright" width="225"] What the froth is a Bitcoin?[/caption]
On Sydney's harborside, Old Fitzroy Hotel now allows anyone with a smartphone and bitcoin wallet to pay their tab with Bitcoins: Wave of the future, my friends, slow moving tsunami of change.
Bitcoin was introduced in 2009 by a mysterious programmer known only as Satoshi Nakamoto, which is thought to be a pseudonym, and who has never given an interview.
Beers should cost customers around 0.05 bitcoins, the equivalent of $7. But the price of your bitcoins can change over time as we can see here, so some days it might be cheaper... or more expensive depending on the market (which makes you sound smart).
Let us not debate the ups and down of a purely fictional digital currency and just get on with it. If you own a business, hesitate not! Installing bitcoin software requires no more modification than ensuring a workable WiFi system.
Bitcoins are great for computer geeks, international travelers and people looking to keep their spending pattern a secret. What better way attract interesting clientele?
An interesting experiment done by some SF geeks who set out to start a bitcoin spending surge with beer driven coins.
[–]em-an-re-su from Reddit explains: