The Bitcoin Lodge (BTC) reaches the coast of Portugal. As the first Bitcoin-only dorm in Europe, Cointelegraph spoke with the founders to learn how Bitcoin is shaping the business model, from planning to architecture to community.
Bitcoin is the home and sanctuary where Bitcoin (ignition or on-chain) is the only acceptable payment method – a space where the “soul of Bitcoin” shapes the decision-making process.
The hotel was founded by Berliners Albert Wolfram and his girlfriend Valeria Pandemillo. “It’s the business part, I’m the architecture, but I also love bitcoin more,” he jokes. Bitcoin Bitcoin combines Wolfram’s skills and passions: “Travel, Bitcoin and Architecture”.
Bitcoin Bitcoin shares development with the Bitcoin community at all stages and takes into account requests and advice from Bitcoin in an “open source approach” to governance.
For example, when it comes to fundraising, the hostel followed the advice of Thiago Vasconcelo and used Tallycoin. Vasconcelos, the Portuguese bitcoin producer behind the AI trading bot that told readers about Hodel, is one of the founders of the Portuguese A Seita Bitcoin, a Portuguese pun that translates to “bitcoin cult.”
Vasconcelos told Cointelegraph that doing business using bitcoin principles is “really annoying.” He explained that companies like Bitcoin Bitcoin show:
“The true spirit of Bitcoin, decentralized, community-driven and open source! I think this is the beginning of a new way of doing business that will spread in the future!”
In fact, Bitcoin’s approach to building a business is gaining momentum, from the Jack Dorsey Trust, which takes any direction from moderators, to Peter McCormack’s Bitcoin Football Club, who intends to run it to the Bitcoin standard.
As an example of the bitcoin spirit that drives entrepreneurial but grassroots work, Paco De La India travels the world with an introductory bitcoin in his pocket, while West Africa’s “Noru” tries to put bitcoin-based solutions at the heart of the Senegalese recovery community .
Bitcoin Portugal Portugal. Source: Bitcoin Bitcoin
The hostel organizes a hostel design competition by participating on Twitter Spaces and updating bitcoiners and stakeholders in real time. When it comes to a design contest, Wolframm’s professional architectural skills can come in handy, but the site jokes that the design “with maximum fragmentation…sorry, Design-Power wins!”
In keeping with the philosophy of Bitcoin, Wolframm advocates independence and “returning power to the people.” Inspired by his master’s degree, where he learned that people are happier and more prosperous when they have more independence and a vision for the future, he thinks of bitcoin as a tool for greater freedom.
So far, BTC has received “an incredible response from the bitcoin community” as bitcoin miners around the world look to lend a helping hand.
“We have over 1,000 followers and like many private messages, people are asking if we are where we are, what status we are in and if they can support us in some way.”
The BTC pair took out a fiat loan – “we don’t want to sell bitcoin” – and we started exploring sites in Portugal for construction. Wolfram shared that he has made huge profits from bitcoin in space and encouraged him to keep building a bitcoin-focused business.
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MTC, the founder of the Sats Ledger — the Bitcoin savings book for kids — told Cointelegraph that he was similarly overwhelmed by the enthusiastic response from the bitcoin community when he started his bitcoin business. MTC also told Cointelegraph that the response from the bitcoin community has been “exceptional” and they shared this advice:
“If people have a desire to contribute something or do a side project in this room, I would say put your heart into this because you will get feedback, connections, ideas and experiences that you never even dreamed of. . ”
Full bitcoin cart with laser eyes. Source: Twitter
An architectural competition is being prepared for Bitcoin Hostel, caravans are secured, and construction will begin in early 2023.