Ring In the New Year for a Bitcoin with Singapore Bar Party Package

Skyline, a bar in Singapore, is offering a party package for celebrating New Year’s Eve that costs a single Bitcoin.


We’re getting closer and closer to watching the ball drop in Time’s Square, heralding the end of 2017 and ushering in 2018. Around the world, people will be celebrating with friends and families, probably while singing an off-key version of Auld Lang Syne. Crypto enthusiasts will remember 2017 as the year that Bitcoin and other cryptocurrencies exploded and became a part of the public consciousness. If you really want to ring in the New Year with a crypto bang, you could sign up for the Bitcoin Baller Package being sold by Skyline, a popular bar in Singapore. The cost? A single bitcoin.

Should Auld Acquaintance Be Forgot

Partygoers should have a great view during the Skyline party, dubbed Bianco, on New Year’s Eve. The bar sits on the 45th floor of a skyscraper and looks out on the city’s waterfront. Party goers will be decked out in white and can drink and dance the night away before enjoying an amazing fireworks display being held at the waterfront.

So what does spending a bitcoin get you? The Bitcoin Baller Package includes the following: limousine pick-up, 2 butlers, and a platter of lobsters, oysters, and caviar. There’s plenty of booze in the package as well as buyers also get:

1 x Hendricks
1 x Ron Zacapa 23
1 x Cordon Bleu
1 x JW Blue Label
1 x Belvedere 6L
1 x Cristal
1 x Armand de Brignac
10 x Doms

Of course, people are still free to pay cash for partying at Skyline. The bar admits that nobody has come forward and bought the Bitcoin Baller Package, whose cost currently runs close to $13,000.

Skyline Used to Cryptocurrency

The Skyline bar in Singapore has run a number of successful cryptocurrency-themed events in the past. The main focus for such events is the people working in the financial technology sector, which is booming in Singapore. The bar was also the first club in the city-state to accept virtual currency when it began allowing Ethereum as a payment option on November 28th.

Subaish Rajamanickam, manager at Skyline, says:

We had a couple of cryptocurrency after-parties here, and we have also themed a night … called Crypto Thursdays. So that basically got the ball rolling for cryptocurrency acceptance here at Skyline.

Some patrons of the club have said that they’ll continue buying drinks in cash as the transaction fees are just too high to use on buying a drink or two. Still, a single martini is a far cry from the Bitcoin Baller Package. In the end, the important thing is that more and more businesses are accepting virtual currency as a viable payment option, and it appears that such acceptance will only grow in the new year.

Would you pay one bitcoin for the party package at Skyline? Does your favorite club or bar accept cryptocurrency? Let us know in the comments below.


Images courtesy of Pixabay and Bitcoinist archives.

The post Ring In the New Year for a Bitcoin with Singapore Bar Party Package appeared first on Bitcoinist.com.


Source: bitcoinist
Ring In the New Year for a Bitcoin with Singapore Bar Party Package

This Week in Bitcoin: The Bitcoin Fork Tsunami Gives Way to a Ripple

This Week in Bitcoin: The Bitcoin Tsunami is Reduced to a Ripple

Traditionally, nothing happens in the period between Christmas and New Year. It’s a lull devoid of anything newsworthy whatsoever. Except in the world of bitcoin. Miners never stop mining and exchanges never stop exchanging because bitcoin never sleeps – and it certainly doesn’t call in a week-long vacation just cos it’s the holidays. As a consequence, neither did we. While other media sites posted pre-written reviews of the year, we delivered the freshest news as it broke this week in bitcoin.

Also read: Trump’s New Tax Bill Means Changes Ahead for U.S. Bitcoiners

Bitcoin Ends 2017 as It Began

When dawn broke on January 1st, 2017, there was no inkling of the momentous and historic year that bitcoin was about to embark on. It wasn’t until March that things started getting real crazy, and that breakneck pace was maintained for the remainder of the year. In these final moments of 2017, bitcoin has decided to go out as it came in: quietly and without much fanfare. Prices have been in something of a slump for a few weeks now, leaving the mainstream media with little to get themselves worked up over.

This Week in Bitcoin: The Bitcoin Tsunami is Reduced to a RippleThat doesn’t mean that 2017 has ended with a whimper though. Hell naw. Away from price considerations, a lot has happened this week in bitcoin, from new tax legislation to the arrival of a pesky centralized coin determined to launch one final attempt at The Flippening before the year is done. We’ll dispatch ripple back to the bank vaults whence it came shortly, but let’s start with the rest of the week’s news.

One Whole Bitcoin or One Gorillion Shitcoins?

What has more value – a whole bitcoin or a big bag of alts? The answer surely lies in the former, but with most new entrants to the cryptocurrency markets priced out of owning one whole BTC, cheap alts are catching the eye of investors. The long-term value of these coins is debatable and indeed dubious, but for now at least they’re enjoying a bounce – sometimes an extremely big bounce in the case of this month’s winners, as we reported.

This Week in Bitcoin: The Bitcoin Tsunami is Reduced to a RippleSome of those winners rapidly lost their new price points as quickly as they’d been acquired, it should be noted, but that’s what happens when you panic buy altcoins that have been shilled by McAfee. Live and learn. One of the more intriguing stories to emerge this week was that some cryptocurrency exchanges have been closing their doors to new customers. Bitcoin’s so hot right now there’s no more room at the inn.

20 Years Ago, This Happened

It’s common to embark on retrospectives as the year draws to a close, but this week in bitcoin we traveled back 20 years to revisit a book called The Sovereign Individual: Mastering the Transition to the Information Age by James Dale Davidson and Lord William Rees-Mogg. We wrote:

Freeing money means freeing people. They explain, “Each transaction will involve the transfer of encrypted multi-hundred-digit prime number sequences…the new digital gold standard or its barter equivalents will be almost impossible to counterfeit…All receipts will be verifiably unique,” which is so exactly spot-on it can take a reader’s breath.

Fork off With Your Coin Splits

Thursday was all about forks, and the growing weariness towards these hastily contrived and often badly thought out bitcoin spin-offs. Bitcoin diamond, bitcoin god, and Segwit2x have all been given the thumbs down by the cryptocurrency community, though bitcoin private, a relaunched Zclassic, looks more interesting. Eric Wall had a lot to say about it in his weekly trading column. Speaking of trading, this week’s most popular post was Seven Deadly Trading Mistakes Every Rookie Makes. Be honest: you’ve committed at least one of these, even if it hurts too much to talk about it.

As the weekend drew in, we published a thought-provoking piece on the difficulties of cashing out from crypto to fiat. Seems you might have to wait a while to get your hands on that high performance sports car your Telegram trading buddies have all been touting. Friday’s other essential read was on amendments to the US tax bill, which will compel cryptocurrency holders to tread carefully from now on – if they weren’t already.

This Week in Bitcoin: The Bitcoin Tsunami is Reduced to a Ripple

It Started With a Tsunami and Ended With a Ripple

2017 was all about bitcoin, except for those occasional weeks when it wasn’t. Remember when ethereum started getting ideas above its station, back in spring? Or how about that time when bitcoin cash looked set to land its own flippening in early November? The last of this year’s challenges to bitcoin came from litecoin…or at least so we thought. Then, out of nowhere, ripple – the great sleeper of the cryptocurrency markets – went on a mazy run, culminating in it usurping ethereum to claim second spot this week.

You had a lot to say about ripple’s insurgency in the comments section, and like many here at news.Bitcoin.com were less than enamored with this centralized currency with its insane pre-mine. Five-figure bitcoin doesn’t seem that crazy, all things considered, but $2 ripple? Now that’s a head-turner. We’ve no wish to sign off on the ultimate review of 2017 by speaking of inferior cryptocurrencies, so let’s return to where we started: by toasting what has been a remarkable year for bitcoin.

With the crypto community and the world at large now fully aware that decentralized currencies are here to stay, 2018 is shaping up to be the most eagerly anticipated year since the birth of bitcoin. Whatever it holds, we’ll be there to report on the latest drama, scaling solutions, and privacy developments as they unfold. Have a great New Year and we’ll see you on the other side for more of the same.

Do you feel optimistic about the fate of bitcoin and the cryptocurrency markets in 2018? Let us know in the comments section below.


Images courtesy of Shutterstock.


Need to know the price of bitcoin? Check this chart.

The post This Week in Bitcoin: The Bitcoin Fork Tsunami Gives Way to a Ripple appeared first on Bitcoin News.


Source: bitcoin.com
This Week in Bitcoin: The Bitcoin Fork Tsunami Gives Way to a Ripple

Bitcoin Sign Guy

The man behind the sign steps into the light to reveal his motives. In a year beset by savage infighting, Bitcoin Sign Guy took a stand, with a small action that not only broke the internet, but raised the spirits of a beleaguered bitcoin community then ravaged by a years-long intellectual war. Were we all Satoshi? Maybe not in 2017. But, we were all “Bitcoin Sign Guy.”

Read more:
Source: coindesk
Bitcoin Sign Guy

Venezuelans Launch ‘Pork Revolution’

Thousands of angry Venezuelans took to the streets in Caracas on Wednesday and Thursday to protest a shortage of pork that has left them without their traditional Christmas dinner. Residents rallied on the streets for the “pork revolution” protests, banging pots and pans together loudly and burning trash, reported CNN. “They promised us the pork […]
Source: bitcoinwarrior
Venezuelans Launch ‘Pork Revolution’

First Real Bitcoin Lightning Network Payment Completed via Bitrefill

First Real Bitcoin Lightning Network Payment Completed via Bitrefill

Considering the persistent issues with the system at the moment, fast and cheap bitcoin (BTC) transactions might sound like a distant dream, but its realization might be just around the corner. The first transaction using real bitcoin to make a payment on the lighting network has recently been completed via mobile top-up service Bitrefill.

Also Read: Several Bitcoin Exchanges Are Closing Their Doors to New Traders

Lightning Payment on Bitrefill

First Real Bitcoin Lightning Network Payment Completed via BitrefillSoftware developer Alex Bosworth has revealed that he successfully completed the first lightning bitcoin mainnet (not a testing environment) transaction for an online purchase at Bitrefill. He paid his own actual phone bill with no fees, which executed instantly. Bitrefill is an online service that enables users top up their prepaid mobile phone plans with bitcoin and litecoin with over 600 operators across 150 countries.

The Lightning Network is a scaling solution that has been in development for a few years already. The protocol creates an off-chain system by forming a network of payment channels where funds are not entrusted to a third party. It theoretically promises to scale bitcoin by allowing thousands of transactions per second without compromising its trustless nature.

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Bitrefill CEO, Sergej Kotliar, explained to news.bitcoin.com the motivation for this development by his team. “As we all know, blockchains currently don’t scale for consumer payments and currently require tradeoffs between decentralization and efficiency.  Lightning is a tool that can enable the best of both worlds – a great customer experience (both fast and cheap), but also trustless custody of funds. So we’re eager to enable it as a payment method and do what we can to support developments on that front.”

Full Steam Ahead

This payment integration with Lightning has been surprisingly easy and the company is already working on further developments, Kotliar explained to us. “At first we’ve enabled Bitrefill orders to be paid with Lightning. That’s the easiest integration for us. Next step will be enabling full lightning support (send and receive) in our user accounts.”

As to how he sees his company’s role in the larger development of the network, the CEO said: “A common problem with new technology and innovation is actually implementing things in production. That’s also where real issues pop up. We’re a small company, but we think that it’s important to help where we can. In our case it’s at least implementing this new piece of technology as it becomes available and provide testing. Credit belongs where credit is due with all of the independent and corporate developers of the Lightning protocol.”

Real Bitcoin Lightning Network Payment Completed on Bitrefill

Bitrefill most recently made headlines when it came to the rescue of bitcoin PC gamers after Steam announced that the popular online games store would no longer accept BTC as a method of payment. “I can’t share revenue numbers but I’ll tell you that Steam voucher sales far exceeded our expectations, Kotliar commented. “We’re looking to add more voucher products to our service soon.”

Would the lightning network be the cure-all for bitcoin’s current ills? Let us know your thoughts in the comments section below.


Images courtesy of Shutterstock, Bitrefill.


Do you like to research and read about Bitcoin technology? Check out Bitcoin.com’s Wiki page for an in-depth look at Bitcoin’s innovative technology and interesting history.

 

The post First Real Bitcoin Lightning Network Payment Completed via Bitrefill appeared first on Bitcoin News.


Source: bitcoin.com
First Real Bitcoin Lightning Network Payment Completed via Bitrefill

Celebrate the New Year With Bitcoin

Bitcoin certainly has had a wild ride in 2017. Its price has risen from around $1,000 at the start of the year to over $13,000 at the time of writing. At one point, less than a month ago, you’d have to fork out almost $20,000 to buy a single Bitcoin. The market was clearly over-extended as the mania surrounding the launch of Bitcoin futures subsided, so too did the price. Recently, fear and uncertainty over legislation in South Korea has put a temporary dampener on the party but with the price still over 13 times what it was at the beginning of the year, there’s still plenty to celebrate this New Year’s Eve.

If you really want to flaunt the Bitcoin wealth you amassed this year, a club in Singapore could be the ideal venue for you to bring in the New Year. It’s called Skyline and it’s located on the 45th floor of a a luxury skyscraper which overlooks the city-state’s glamorous waterfront. It’s the first club in the nation to accept payments in cryptocurrency. The party they’re hosting this evening is called “Bianco” and has an all white dress code. The ultimate hospitality package they offer will set you back an entire Bitcoin. This includes a limousine collection, butler, champagne, oysters, and caviar.

Despite the opulent service provided, the bar manager Subaish Rajamanickam told UK newspaper the Mail that no one had taken the club up on their elite New Year package yet. However, other cryptocurrency-themed nights there have had greater interest. He told AFP news about the decision to offer payments in Bitcoin, Ethereum, and the crypto events they’d hosted:

“We had a couple of cryptocurrency after-parties here, and we have also themed a night … called Crypto Thursdays… So that basically got the ball rolling for cryptocurrency acceptance here at Skyline.”

Despite the various digital payment options presented, most transactions still happen in cash. This is likely due to the volatility associated with cryptocurrency prices, as well as recent network congestion on both the Bitcoin and Ethereum blockchains. Unfortunately, due to the surge in popularity of digital payment methods, neither network can handle the large numbers of transactions users are trying to make. This creates a scenario where people are forced to ramp up the fee to the network. Increased fees incentivise miners to include transactions quickly. However, they do render overburdened blockchain-based cryptos useless for making micro-payments. Paying $20 for a $13,000 hospitality package isn’t so bad. That same fee for a $35 round of drinks is ludicrous.

If you’re at a loose end in Singapore later this evening, and have a whole Bitcoin to burn on indulgence, why not hit up Bianco. Alternatively, you could just pay in inflationary fiat currency, and save your crypto for a rainier day. If the average price trend is anything to go by, you’ll thank yourself later.

 

Image: PixaBay

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Source: newsbtc
Celebrate the New Year With Bitcoin