A Bitcoin (BTC) shelter is making its way to the shores of Portugal. As Europe’s first Bitcoin-only hostel, Cointelegraph spoke with the founders to find out how Bitcoin shapes the business model, from planning to architecture to community.

Bitcoin Hostel is a family home and gathering place where Bitcoin (Lighting or on-chain) is the only acceptable payment method, a space where “the spirit of Bitcoin” shapes the decision-making process.

The hostel was founded by Berliners Albert Wolframm and his girlfriend, Valeria Pandimiglio. “She’s the business part and I’m the architecture part, but I’m also more interested in Bitcoin,” he jokes. The Bitcoin Hostel combines Wolframm’s skills and hobbies: “travel, Bitcoin and architecture”.

Bitcoin Hostel shares developments with the Bitcoin community at every stage, taking into account requests and advice from Bitcoiners in an “open source style” of governance.

For example, when it comes to raising money, the hostel followed Tiago Vasconcelos’ advice to use Tallycoin. Vasconcelos is the Portuguese Bitcoiner behind the AI ​​trading bot he told readers to hodl, and co-founder of Portugal’s A Seita Bitcoin, which is a Portuguese play on words that translates to “the cult of Bitcoin,” accepted.

Vasconcelos told Cointelegraph that running a business through Bitcoin principles is “really disruptive.” He explained that businesses like Bitcoin Hostel show:

“The true spirit of Bitcoin, decentralized, community driven, open source! I think it is the beginning of a new way of doing business that will start to catch on in the future!”

In fact, Bitcoin’s approach to building a business is gaining traction, from Jack Dorsey’s ₿Trust taking no direction from his supervisors to Bitcoin podcaster Peter McCormack’s football club intending to operate with a Bitcoin standard.

To see examples of the spirit of Bitcoin guiding entrepreneurial yet grassroots efforts, Paco De La India is traveling the world with just a Bitcoin opening sentence in his pocket, while “Nourou” in West Africa struggles to put the decisions based on Bitcoin in the heart of the Senegalese. restoration community.

The Bitcoin Hostel Portugal. Source: Bitcoin Hostel

The hostel is running a contest to choose the hostel design while participating in Twitter Spaces and updating Bitcoiners and stakeholders in real time. Regarding the design competition, while Wolframm’s professional architecture skills will come in handy, the website jokes that the design “with the most Hash… er, sorry, Design-Power will win.”

In keeping with the Bitcoin philosophy, Wolframm advocates autonomy and “giving power back to the people.” Drawing inspiration from his mastery, in which he learned that people are happier and more prosperous when equipped with greater autonomy and a vision of the future, he reflects that Bitcoin is the tool to enable greater freedoms.

To date, Bitcoin Hostel has received an “amazing response from the Bitcoin community” as Bitcoin users around the world are eager to lend a hand.

“We have over 1,000 followers and a lot of private messages as well from people asking where we are, what state we are in and if they can support us in any way.”

The Bitcoin Hostel couple got a fiduciary loan (“we don’t want to sell Bitcoin”) and started looking for locations in Portugal to build the building. Wolframm shared that he has received a lot of value from Bitcoiners in the space, and the encouragement drives him to continue building the business in a Bitcoin-centric way.

Related: US Grassroots Adoption: The Bitcoin Lightning Party in Portland

“MTC,” the founder of Sats Ledger, a Bitcoin savings book for children, told Cointelegraph that he was similarly overwhelmed by the energetic response from the Bitcoin community when he began his side-Bitcoin activity. MTC also told Cointelegraph that the reaction from the Bitcoin community was “phenomenal”, sharing this advice:

“If people feel like contributing something or doing a side project in this space, I’d say ‘Put your heart into it’ because you’ll get feedback, connections, ideas and experiences that you just wouldn’t get.” I have not dreamed.”

The Bitcoin Hostel caravan complete with laser eyes. Source: Twitter

For Bitcoin Hostel, the architecture competition is underway, the motorhome is insured, and construction should start in early 2023.

This post Building Businesses in the ‘Spirit of Bitcoin’: The Bitcoin Hostel

was published first on https://cointelegraph.com/news/building-businesses-in-the-spirit-of-bitcoin-the-bitcoin-hostel


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