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In memoriam ROOM77: a thread down memory lane from my time in Berlin during the early Bitcoin boom years.
Dedicated to the freedom of transaction, and chronicling my journey to blockchain eternity and beyond! https://twitter.com/jonmatonis/status/1317714888807059458
Dedicated to the freedom of transaction, and chronicling my journey to blockchain eternity and beyond! https://twitter.com/jonmatonis/status/1317714888807059458
During 2011-2015, Berlin was a boom town for tech startups and the epicenter of the nascent Bitcoin juggernaut.
It was easy to find people willing to trade bitcoin privately for cash, and vice versa. https://twitter.com/bendiken/status/255362093992255488
It was easy to find people willing to trade bitcoin privately for cash, and vice versa. https://twitter.com/bendiken/status/255362093992255488
It all started at ROOM77, the "restaurant at the end of capitalism", the first brick-and-mortar establishment in the world to take bitcoin payments (since 2010).
https://twitter.com/bendiken/status/266950335510241281
https://twitter.com/bendiken/status/266950335510241281
I bought my first burger and beer with bitcoin at ROOM77 in November 2012. That evening's bill was several bitcoins.
Looks like I still ate the buns back then. Later, the staff would jokingly nickname me the "without-the-bun guy". I'm strange that way
https://twitter.com/bendiken/status/267051334161817600
Looks like I still ate the buns back then. Later, the staff would jokingly nickname me the "without-the-bun guy". I'm strange that way
https://twitter.com/bendiken/status/267051334161817600
Now, to be fair, a lot people in Berlin are strange in various ways. It's one big strange attractor.
When you stepped foot into ROOM77, you knew it wasn't just another restaurant or bar. The posters, the coasters, the paraphernalia, the vibe.
https://twitter.com/bendiken/status/266984388674322432
When you stepped foot into ROOM77, you knew it wasn't just another restaurant or bar. The posters, the coasters, the paraphernalia, the vibe.
https://twitter.com/bendiken/status/266984388674322432
Every month, us strange Bitcoin people gathered at ROOM77 for the Bitcoin-Stammtisch.
These rambunctious evenings typically continued on long into the wee hours of the night, often past the official closing and even the second attempt at closing.
These rambunctious evenings typically continued on long into the wee hours of the night, often past the official closing and even the second attempt at closing.
Many of the people working in the Bitcoin ecosystem, and later Ethereum, were based in Berlin or visited frequently.
Everybody, at that point, was just another regular or another visitor at ROOM77. https://twitter.com/bendiken/status/267055306608091137
Everybody, at that point, was just another regular or another visitor at ROOM77. https://twitter.com/bendiken/status/267055306608091137
Soon enough, Bitcoin enthusiasts from all the over world started to make the pilgrimage.
The influx of new people, and throngs of journalists from across the pond, went ballistic during 2013. https://twitter.com/bendiken/status/362948183816544256
The influx of new people, and throngs of journalists from across the pond, went ballistic during 2013. https://twitter.com/bendiken/status/362948183816544256
And then, ROOM77 wasn't the only place in Berlin that took bitcoin payments: the free press ROOM was enjoying nationally and internationally was certainly noticed.
In Kreuzberg, Friedrichshain, and beyond, I paid with bitcoin in many venues in Berlin. https://twitter.com/bendiken/status/327746586593619968
In Kreuzberg, Friedrichshain, and beyond, I paid with bitcoin in many venues in Berlin. https://twitter.com/bendiken/status/327746586593619968
2013 felt like the breakout year for Bitcoin, though it was less so in retrospect.
Bitcoin's valuation crossed the $100 milestone on April 1st, which still felt like a joke to most of the world. (Certainly to most of the journos covering the phenomenon.) https://twitter.com/bendiken/status/318725961128488960
Bitcoin's valuation crossed the $100 milestone on April 1st, which still felt like a joke to most of the world. (Certainly to most of the journos covering the phenomenon.) https://twitter.com/bendiken/status/318725961128488960
For perspective, BTC opened 2013 at $13, and hit $266 in April.
The rising tide lifted all boats, and by summer--despite a correction that followed the all-time high--ROOM77 patrons were in a jubilant mood. The bitcoin and the beer flowed. https://twitter.com/bendiken/status/318493758301822976
The rising tide lifted all boats, and by summer--despite a correction that followed the all-time high--ROOM77 patrons were in a jubilant mood. The bitcoin and the beer flowed. https://twitter.com/bendiken/status/318493758301822976
Even dust was suddenly valuable, so everybody certainly vacuumed their pockets for any dust.
That $100 in dust I found, and presumably spent? That'd be worth some $6,000 now. https://twitter.com/bendiken/status/317300788848377856
That $100 in dust I found, and presumably spent? That'd be worth some $6,000 now. https://twitter.com/bendiken/status/317300788848377856
People flocked to Berlin, not only because of Bitcoin. The San Francisco to Berlin route was a particularly actively traveled one.
When I had visitors, I usually took them to ROOM77. It was a lot of beers and burgers for me that year
https://twitter.com/bendiken/status/332653838811152385
When I had visitors, I usually took them to ROOM77. It was a lot of beers and burgers for me that year
https://twitter.com/bendiken/status/332653838811152385
My own favorite burger at ROOM77 was quickly established as the Triple Bypass Burger, and I ordered nothing else since.
750g of ground beef, yummy potato wedges, and hold the bun. I do miss the Triple Bypass, and my memories of ROOM are flavored as such.
https://twitter.com/bendiken/status/352841251890020352
750g of ground beef, yummy potato wedges, and hold the bun. I do miss the Triple Bypass, and my memories of ROOM are flavored as such.
https://twitter.com/bendiken/status/352841251890020352
For me, the main lesson from these heydays in Berlin was understanding the importance of my local social circle.
I didn't have that prior to Berlin, and I don't think it's to be found in much smaller places than that.
Network effects rule the world. https://twitter.com/bendiken/status/352930787231932416
I didn't have that prior to Berlin, and I don't think it's to be found in much smaller places than that.
Network effects rule the world. https://twitter.com/bendiken/status/352930787231932416
Did I mention I loved the Triple Bypass Burger? https://twitter.com/bendiken/status/378996367827271680
Really, I was a big fan of the Triple Bypass Burger. 
https://twitter.com/bendiken/status/583703344738344960
https://twitter.com/bendiken/status/583703344738344960
The Stammtisch was a welcoming meetup. So many noobs installed their first Bitcoin wallet and received/sent their first transactions there.
Joerg gave generously of his time and help to newcomers, though he increasingly got tied up by the journalists swarming the place.
Joerg gave generously of his time and help to newcomers, though he increasingly got tied up by the journalists swarming the place.
Also frequently seen and traded were the beautiful Casascius coins, each (typically) worth one bitcoin.
I must have given away 20+ of these, doling them out like candy in the interests of onboarding.
In hindsight, that may have been overly generous. https://twitter.com/bendiken/status/261899983647813632
I must have given away 20+ of these, doling them out like candy in the interests of onboarding.
In hindsight, that may have been overly generous. https://twitter.com/bendiken/status/261899983647813632
Those of you who received a Casascius coin from me and didn't thank me yet, you're welcome 
That said, most of the coins have, of course, been misplaced.
Giving bitcoin as a gift fared exceptionally poorly in the early years. Inevitably the funds were lost by the recipient.
That said, most of the coins have, of course, been misplaced.
Giving bitcoin as a gift fared exceptionally poorly in the early years. Inevitably the funds were lost by the recipient.
I know of someone who threw away their Casascius thinking it a worthless chocolate coin marketing gimmick.
My own younger brother lost his birthday gift that would have paid for college. C'est la vie. Good judgment comes from experience, and experience comes from bad judgment.
My own younger brother lost his birthday gift that would have paid for college. C'est la vie. Good judgment comes from experience, and experience comes from bad judgment.
You may be wondering why there are scarcely any photos of people in this thread.
Well, unsurprisingly, a lot of the crowd at ROOM77 cared about their privacy more than average.
So, I don't myself have a lot of photos of people. https://twitter.com/bendiken/status/490938917219471360
Well, unsurprisingly, a lot of the crowd at ROOM77 cared about their privacy more than average.
So, I don't myself have a lot of photos of people. https://twitter.com/bendiken/status/490938917219471360
