{"id":9875,"date":"2022-04-06T16:45:35","date_gmt":"2022-04-06T16:45:35","guid":{"rendered":"https:\/\/nftandcrypto-news.com\/crypto\/building-businesses-in-the-spirit-of-bitcoin-the-bitcoin-hostel\/"},"modified":"2022-04-06T16:45:38","modified_gmt":"2022-04-06T16:45:38","slug":"building-businesses-in-the-spirit-of-bitcoin-the-bitcoin-hostel","status":"publish","type":"post","link":"https:\/\/nftandcrypto-news.com\/crypto\/building-businesses-in-the-spirit-of-bitcoin-the-bitcoin-hostel\/","title":{"rendered":"Building businesses in the \u2018spirit of Bitcoin\u2019: The Bitcoin Hostel"},"content":{"rendered":"
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A Bitcoin (BTC) hostel is coming to Portugal\u2019s shores. As it\u2019s Europe\u2019s first Bitcoin-only hostel, Cointelegraph spoke with the founders to find out how Bitcoin shapes the business model, from planning to architecture to the community.\u00a0<\/p>\n

The Bitcoin Hostel is a homestay and hangout where Bitcoin (Lighting or on-chain) is the only acceptable payment method \u2014 a space where \u201cthe spirit of Bitcoin\u201d shapes the decision-making process.<\/p>\n

The hostel was founded by Berliners Albert Wolframm and his girlfriend, Valeria Pandimiglio. \u201cShe\u2019s the business part, and I\u2019m the architecture part, but I\u2019m also more into Bitcoin,\u201d he jokes. The Bitcoin Hostel combines Wolframm\u2019s skills and hobbies: \u201ctraveling, Bitcoin and architecture.\u201d <\/p>\n

The Bitcoin Hostel shares developments with the Bitcoin community at every stage, taking into account Bitcoiners\u2019 requests and advice in an \u201copen-source style\u201d of governance.<\/p>\n

For example, when it comes to raising money, the hostel followed Tiago Vasconcelos\u2019 advice to use Tallycoin. Vasconcelos is the Portuguese Bitcoiner behind the artificial intelligence trading bot that\u00a0told readers to hodl,\u00a0and a co-founder of Portugal\u2019s\u00a0A Seita Bitcoin<\/em>, which is a Portuguese pun translating to \u201cthe Bitcoin Cult,\u201d accepted.\u00a0<\/p>\n

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What is the best way to accept #Bitcoin<\/a> donations?<\/p>\n

\u2014 Bitcoin Hostel\u26a1\ufe0f (@bitcoin_hostel) April 4, 2022<\/a><\/p><\/blockquote>\n

Vasconcelos told Cointelegraph that running a business through Bitcoin principles is \u201creally disruptive.\u201d He explained that businesses such as Bitcoin Hostel show:<\/p>\n

\u201cThe true Bitcoin spirit, decentralized, community-driven, open-source! I think it\u2019s the start of a new way of doing business that will start to catch on in the future!\u201d<\/p><\/blockquote>\n

Indeed, the Bitcoin approach to building a business is gaining traction, from Jack Dorsey\u2019s \u20bfTrust, which takes zero direction from its overseers to Bitcoin podcaster Peter McCormack\u2019s football club, which he intends to run on a Bitcoin standard. <\/p>\n

For examples of the Bitcoin spirit guiding entrepreneurial but grassroots endeavors, Paco De La India is traveling the globe with only a Bitcoin seed phrase in his pocket,\u00a0while \u201cNourou\u201d in West Africa strives to put Bitcoin-based decisions at the heart of the Senegalese restoration community. <\/p>\n

The Bitcoin Hostel Portugal. Source: Bitcoin Hostel<\/em><\/figcaption><\/figure>\n

The hostel is hosting a competition to choose the design of the hostel while participating in Twitter Spaces and updating Bitcoiners and interested parties in real time. Regarding the design competition, although Wolframm\u2019s\u00a0professional architecture skills will come in handy, the website jokes that the design \u201cwith the most Hash… eh sorry, Design-Power will win!\u201d<\/p>\n

In line with Bitcoin philosophy, Wolframm champions autonomy and \u201cgiving power back to the people.\u201d Taking inspiration from his master\u2019s degree, in which he learned that people are happier and more prosperous when equipped with greater autonomy and a vision for the future, he muses that Bitcoin is the tool to allow greater freedoms. <\/p>\n

To date, the Bitcoin Hostel has received an \u201camazing response from the Bitcoin community,\u201d as Bitcoiners around the world are keen to lend a hand.\u00a0<\/p>\n

\u201cWe got more than 1,000 followers and, like, so many private messages also from people asking if where we are at, what status we have, and if they can support us in any way.\u201d<\/p><\/blockquote>\n

The Bitcoin Hostel couple has secured a fiat loan \u2014 \u201cwe don\u2019t want to sell any Bitcoin\u201d \u2014 and have begun scouting locations in Portugal to construct the building. Wolframm shared that he has received a tremendous amount of value from Bitcoiners in the space, and the encouragement spurs him on to continue building out the business in a Bitcoin-centric way.\u00a0<\/p>\n

Related:\u00a0US grassroots adoption: The Bitcoin Lightning party in Portland<\/em><\/strong><\/p>\n

\u201cMTC,\u201d the founder of Sats Ledger \u2014 a Bitcoin savings book for kids \u2014 told Cointelegraph that he was similarly overwhelmed by the spirited response from the Bitcoin community when he began his Bitcoin side hustle. MTC also told Cointelegraph that the Bitcoin community reaction was \u201cphenomenal,\u201d sharing this advice: <\/p>\n

\u201cIf people have an itch to contribute something or to do a side project in this space, I would say \u2018Throw your heart into it\u2019 because you\u2019re going to get feedback and connections and insights and experiences from it that you just wouldn\u2019t have dreamt of.\u201d<\/p><\/blockquote>\n

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The Bitcoin Hostel camper complete with laser eyes. Source: Twitter<\/em><\/figcaption><\/figure>\n

For the Bitcoin Hostel, the architecture competition is en route, the campervan is secured, and construction should begin in early 2023. <\/p>\n<\/div>\n