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❕NEWS The legendary "Room 77", the first venue to accept Bitcoin payments, has closed!

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The first legendary restaurant bar in Germany in Berlin "Room 77", to accept payments in cryptocurrencies, closed its doors permanently!
Founder Joerg Platzer said he received his first crypto payment in May 2011 in exchange for a pint of beer. But, given that the average price of beer in Germany is around $ 4.10 and that Bitcoin had just reached parity with the US dollar by that time. But now anyway, at the current exchange rate, the price of a mug of beer would be over $ 45,000! (then impossible to sell!!)
However the former customers speculate that this closure may be linked to restrictions due to the coronavirus pandemic.
 
The first legendary restaurant bar in Germany in Berlin "Room 77", to accept payments in cryptocurrencies, closed its doors permanently!
Founder Joerg Platzer said he received his first crypto payment in May 2011 in exchange for a pint of beer. But, given that the average price of beer in Germany is around $ 4.10 and that Bitcoin had just reached parity with the US dollar by that time. But now anyway, at the current exchange rate, the price of a mug of beer would be over $ 45,000! (then impossible to sell!!)
However the former customers speculate that this closure may be linked to restrictions due to the coronavirus pandemic.
Like you said, if the founder of this restaurant was able to save some bitcoin by now those $4+ in bitcoin used to pay for beer will be a huge sum of money now.
 
The first legendary restaurant bar in Germany in Berlin "Room 77", to accept payments in cryptocurrencies, closed its doors permanently!
Founder Joerg Platzer said he received his first crypto payment in May 2011 in exchange for a pint of beer. But, given that the average price of beer in Germany is around $ 4.10 and that Bitcoin had just reached parity with the US dollar by that time. But now anyway, at the current exchange rate, the price of a mug of beer would be over $ 45,000! (then impossible to sell!!)
However the former customers speculate that this closure may be linked to restrictions due to the coronavirus pandemic.
Hmm, the hold such record, being the first ever restaurant to accept Bitcoin payment. They have cemented their legacy to the existing coin, even when they are shut down. They will be remembered for trusting first Cryptocurrency payment.
 
Like you said, if the founder of this restaurant was able to save some bitcoin by now those $4+ in bitcoin used to pay for beer will be a huge sum of money now.
I see. However, a good shopkeeper must know how to adapt the selling prices of every detail.
It certainly wouldn't be possible today to sell beer at 1 BTC! But it could be the equivalent of 0.00017.
However, I understand that, even for now, all these zeros to be counted would lead to confusions and errors, not insignificant!
 
Hmm, the hold such record, being the first ever restaurant to accept Bitcoin payment. They have cemented their legacy to the existing coin, even when they are shut down. They will be remembered for trusting first Cryptocurrency payment.
Certainly. If there is no end of cryptocurrencies, which is hard to think now, they could represent the future of shopping, even in stores.
After all, this restaurant, seems to have closed due to the severe covid pandemic, but not for other reasons.
 
Certainly. If there is no end of cryptocurrencies, which is hard to think now, they could represent the future of shopping, even in stores.
After all, this restaurant, seems to have closed due to the severe covid pandemic, but not for other reasons.
Covid19 pandemic have really been a menace to our daily and business activities. I pray we see its back sinner rather than later. This room 77 have set the pace for other restaurant to follow suit, and endorse paying for services with Bitcoin.
 
I see. However, a good shopkeeper must know how to adapt the selling prices of every detail.
It certainly wouldn't be possible today to sell beer at 1 BTC! But it could be the equivalent of 0.00017.
However, I understand that, even for now, all these zeros to be counted would lead to confusions and errors, not insignificant!
Currently, that one bitcoin can be used to build a bar and other important business. I read on someone's blog that 1000s of bitcoin were used to purchase pizza back in 20010.
 
Currently, that one bitcoin can be used to build a bar and other important business. I read on someone's blog that 1000s of bitcoin were used to purchase pizza back in 20010.
Hmm, imagine how low the price was, back then, in 2010. Now look at the massive improve it has made after a decade ago. Now the price has toppled many times, currently Bitcoin is above $24k mark. Still going strong to achieve more increment in price tag.
 
The first legendary restaurant bar in Germany in Berlin "Room 77", to accept payments in cryptocurrencies, closed its doors permanently!
Founder Joerg Platzer said he received his first crypto payment in May 2011 in exchange for a pint of beer. But, given that the average price of beer in Germany is around $ 4.10 and that Bitcoin had just reached parity with the US dollar by that time. But now anyway, at the current exchange rate, the price of a mug of beer would be over $ 45,000! (then impossible to sell!!)
However the former customers speculate that this closure may be linked to restrictions due to the coronavirus pandemic.
We can't use crypto as a real currency it is a obvious fact, don't try to make them equal both have their different field and also different usage.
 
Hmm, imagine how low the price was, back then, in 2010. Now look at the massive improve it has made after a decade ago. Now the price has toppled many times, currently Bitcoin is above $24k mark. Still going strong to achieve more increment in price tag.
At that time, I don't think they know that bitcoin will once be costly like this so they were using unnecessarily. Owning thousands of bitcoin now means you are a big person.
 
At that time, I don't think they know that bitcoin will once be costly like this so they were using unnecessarily. Owning thousands of bitcoin now means you are a big person.
Imagine how I could've been now, I don't know why I can't get this kind of luck just for once in my life. That's why I'm busy mining PI. I want to see what the future of the coin will be.
 
He did not close down his bar because of the increased price of bitcoin at least I don't think so. Like was said in the last part of the post, this pandemic has kept people in their homes and hardly will anyone come out to drink beer when they can at home without fear of infection.
 
We can't use crypto as a real currency it is a obvious fact, don't try to make them equal both have their different field and also different usage.
Yes, about that I'm agree. Despite the Bitcoin record a few days ago, however, we must keep in mind that cryptocurrencies do not have a bank! And this could be a serious problem on the security and transparency of every transactions.
 
He did not close down his bar because of the increased price of bitcoin at least I don't think so. Like was said in the last part of the post, this pandemic has kept people in their homes and hardly will anyone come out to drink beer when they can at home without fear of infection.
In fact, dear friend, this is the real reason for the closing.
I'm sorry, but maybe someone in this thread must have misunderstood my post.
Thank you.
 
Imagine how I could've been now, I don't know why I can't get this kind of luck just for once in my life. That's why I'm busy mining PI. I want to see what the future of the coin will be.
You have missed some of them without knowing. Earlier this year, ethereum was trading around $150-190 but now trading at $609-659, almost 400% increase. Sometimes you just missed some opportunities that might change your life to a better status without knowing.
 
You have missed some of them without knowing. Earlier this year, ethereum was trading around $150-190 but now trading at $609-659, almost 400% increase. Sometimes you just missed some opportunities that might change your life to a better status without knowing.
What a great opportunity missed dear. That's why I'm keeping close call of any latest update about all Cryptocurrency to my chest. I don't want to miss out again, on such transition.
 
The first legendary restaurant bar in Germany in Berlin "Room 77", to accept payments in cryptocurrencies, closed its doors permanently!
Founder Joerg Platzer said he received his first crypto payment in May 2011 in exchange for a pint of beer. But, given that the average price of beer in Germany is around $ 4.10 and that Bitcoin had just reached parity with the US dollar by that time. But now anyway, at the current exchange rate, the price of a mug of beer would be over $ 45,000! (then impossible to sell!!)
However the former customers speculate that this closure may be linked to restrictions due to the coronavirus pandemic.
Wow this restaurant was really accepting bitcoin from an early point in the crypto world. If all of the earnings that were made through crypto or even a portion of it was saved to this point, it is likely that these people would have enough profit to cover any losses by the pandemic and still have some funds left over.
 
Wow this restaurant was really accepting bitcoin from an early point in the crypto world. If all of the earnings that were made through crypto or even a portion of it was saved to this point, it is likely that these people would have enough profit to cover any losses by the pandemic and still have some funds left over.
Indeed. If today they have set aside a capital, working on Bitcoins, maybe they would not even need to reopen that restaurant after, even when this serious pandemic situation will be completely over.
 
Wow this restaurant was really accepting bitcoin from an early point in the crypto world. If all of the earnings that were made through crypto or even a portion of it was saved to this point, it is likely that these people would have enough profit to cover any losses by the pandemic and still have some funds left over.
Hmm, that is to tell you, their is no business or investment scheme on earth, that won't crash when nature hits it harder. Nothing last forever that's what I'm telling you about. Even some rich person slip down to ordinary unexpected, even when not spending unnecessarily. Sometimes nature push it so hard to crash, that's the case of that restaurant that accepts Bitcoin fate.
 

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