baggot inn bitcoins

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What is it? Why is it so valuable? Should I buy some? How do I buy some? Yes, this is actually happening! And why not? Imagine a gigantic piece of paper that lists every transaction ever completed.

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Baggot inn bitcoins

You can book private pub crawls through Publin! Groups big and small for all occasions. Experienced guides who know Dublin's pubs inside out. Functino rooms and areas. Radius: km. Set radius for geolocation. Search for:.

Pub Crawls. We offer private and bespoke Pub Crawls for groups, corporate events, and parties. Dublin pubs open with limited outdoor capacity September 23, Outdoor space and lots of it. There's a Baggot Street Bar with many qualities that you may have overlooked. August 27, As patrons are increasingly desiring to sit outside and have a drink, every publican with a tin read more.

The Snugification of Dublin Pubs. Born of necessity, but a welcome addition. August 25, The establishment recently sold its first drink to a cryptocurrency user. The transaction happenedRead More. We no longer accept BitCoins. Dublin pub sells its first pint in exchange for Bitcoin. Read more Dublin pub The Baggot Inn, no longer accepts Bitcoin My mother joked as I walked out the door that I should take some cash.

Apparently the pub is under new ownership and will not be accepting Ireland's first Pint of 'bitcoin' Guinness - ccn. Earlier this year, The Baggot Inn became the first pub in Bitcoin Times HashingNow Twitter. We live in Bitcoin times. Bristol UK. Irish pub now accepting bitcoin payments KitGuru. A few quid? How about 0.

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Dublin pubs open with limited outdoor capacity September 23, Outdoor space and lots of it. There's a Baggot Street Bar with many qualities that you may have overlooked. August 27, As patrons are increasingly desiring to sit outside and have a drink, every publican with a tin read more. The Snugification of Dublin Pubs. Born of necessity, but a welcome addition.

August 25, An oft sought-after part of a pub, a nook with some privacy, and preferential read more. July 2, Dublin, Ireland may not have ranked high in the cities of the world involved in Cold War intrigue p read more. Publin pub crawl.

Click the image for more details. Tweets by publinie. Popular Posts. The things to do in Dublin pubs. Dublin sold its first pint of Guinness in exchange for bitcoins, the peer-to-peer digital currency, last night. Staff at The Baggot Inn on Dublin's Baggot Street have been looking at introducing the invisible currency for the past month or two, and last night, they sold a pint without cash or credit.

The famous digital currency is a form of open-source software, held securely in encrypted digital "wallets" without any physical representation like coins or notes - they're simply encrypted digital items. Behind the bar, the staff have a handful of tablets.

They input the value of your purchase into an app, which then checks the conversion rate against several Bitcoin exchanges - places where you can change your bitcoins for cash - to figure out how much you owe in the digital currency. Then, you use your own smartphone to generate a key or QR code for the right amount, and transfer it to the bar.

Unlike regular ATMs, this won't dispense anything material apart from a slip of paper with a QR code on it — a code representing your cash. After looking into it and attending a few local meetups of bitcoin enthusiasts, he thought: "let's go for this.

There's a passionate community involved in it. Even better, the bar's owner, Eddie Fitzgerald, was enthusiastic and involved right from the start, giving Healy "free reign" to get going. Bitcoins have been in the news for both good and ill - recently, a number of the currency exchanges have been hacked and had Bitcoins stolen - but the currency has gained significant traction.

If you're wondering how you can get some free beer, you might want to look into mining bitcoins - earning them for free by using your computer's processing power to authorize transactions. The best food, health, entertainment and lifestyle content from the irishexaminer. Your guide to staying at home. Pint of Guinness? That'll be a bitcoin, please Such alcohol, much bitcoin. So, how can we use them to buy beer, then?

Bitcoin is the currency of the Internet: a distributed, worldwide, decentralized digital money.

Bulls pacers betting Journal Media does not control and is not responsible for user created content, posts, comments, submissions or preferences. Your Email. Dublin pub The Baggot Inn, no longer accepts Bitcoin. Popular Posts. The things to do in Dublin pubs. Trades should usually not be advertised here. Submissions that are mostly about some other cryptocurrency belong elsewhere.
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Binary options platforms australia time News Four. Then tell Baggot Inn they just made their competitor stronger. August 27, Related communities Sorted roughly by decreasing popularity. Apparently the pub is under new ownership and will not be accepting Bitcoin any time soon.

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Bitcoins have been in the news for both good and ill - recently, a number of the currency exchanges have been hacked and had Bitcoins stolen - but the currency has gained significant traction. If you're wondering how you can get some free beer, you might want to look into mining bitcoins - earning them for free by using your computer's processing power to authorize transactions. The best food, health, entertainment and lifestyle content from the irishexaminer. Your guide to staying at home.

Pint of Guinness? That'll be a bitcoin, please Such alcohol, much bitcoin. So, how can we use them to buy beer, then? Irish Examiner view: Driving home the message on road safety. More in this section. Batch of the day: Top bread rolls tried and tasted. Sex File: Worried I'm dependent on my vibrator. Lifestyle Newsletter. Sign Up. Created with Sketch. Essential Menopause Survival Guide. Read Here. Have the Irish Examiner delivered to your door. See more articles by Valerie Loftus. Contribute to this story: Send a Correction.

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I think it runs on Coinmap. But, just as with government, full control means they can't be as agile as an open system, so they will constantly be lagging behind. We're adding in the ability for you guys to let us know in the app if the location is still accepting bitcoin or not, and if there are merchants we missed. I was planning to go there. Now there's no pubs in Ireland that accept it and only one food place in Dublin.

And this one got loads of publicity for being the first place in Ireland to sell a Guinness for bitcoin. Find nearest competitor and ask them to accept. Then tell Baggot Inn they just made their competitor stronger. Use of this site constitutes acceptance of our User Agreement and Privacy Policy. All rights reserved. Bitcoin comments. Want to join? Log in or sign up in seconds. Submit link NOT about price.

Submit text NOT about price. Get an ad-free experience with special benefits, and directly support Reddit. Bitcoin join leave 2,, readers 8, users here now Bitcoin is the currency of the Internet: a distributed, worldwide, decentralized digital money. Only requests for donations to large, recognized charities are allowed, and only if there is good reason to believe that the person accepting bitcoins on behalf of the charity is trustworthy. News articles that do not contain the word "Bitcoin" are usually off-topic.

This subreddit is not about general financial news. Submissions that are mostly about some other cryptocurrency belong elsewhere. Promotion of client software which attempts to alter the Bitcoin protocol without overwhelming consensus is not permitted. No referral links in submissions. No compilations of free Bitcoin sites. Trades should usually not be advertised here. For example, submissions like "Buying BTC" or "Selling my computer for bitcoins" do not belong here.

New merchants are welcome to announce their services for Bitcoin, but after those have been announced they are no longer news and should not be re-posted. Aside from new merchant announcements, those interested in advertising to our audience should consider Reddit's self-serve advertising system. Do not post your Bitcoin address unless someone explicitly asks you to.

While the eyes and minds of pundits and politicians remain focused on the prospects, form and likelihood of economic recovery, the Internet has given rise to this curious financial innovation. A valid currency, only a few years old and growing fast, not issued by any government, bank or financial institution, BitCoin has already created millionaires and divided commentators, with questions raised in the business and finance world as to its validity, given that it issues from no recognised authority.

However, its electronic nature seems to give it an advantage over any other type of alternative currency. We want to know about how a person buys a round of drinks with BitCoins. One of the most perplexing aspects for many is the fact that they have no concrete physical existence. BitCoins are fixed but insubstantial: in principle, that is no stranger than having an email account but people are still used to thinking of currency as having at least some physicality.

That said, Jeremy Allaire, CEO of Dublin-based company Circle Internet Finance, recently expressed the view that BitCoin is in an equivalent state of usefulness to the Internet as it was twenty years ago: promising but not quite there yet.

Chris explains that so far it is mainly tech-savvy customers who are paying for their after-work drinks this way. Also some journalists, and another regular who is a car mechanic. Every day there are purchases in BitCoin here.

In this bar at least, the future is now. So, BitCoin… what is it? BitCoin is a new idea for most, and one that can be hard to wrap your head around if you have little knowledge of computation, let alone of finance and what determines the value of currency. Fortunately, NewsFour is here to help you, in straight-talking terms. The controversy surrounding BitCoin at a political level is that it is a currency that is not issued by any central authority: no government, bank or institution determines how many BitCoins are out there.

Instead, BitCoins are generated in batches by elaborate exercises in computer processing. Complex mathematical problems, which take a lot of processing time and energy to solve, are generated. Every solved problem generates up to 50 BitCoins over time. This generation process is known as mining.