Building businesses in the ‘spirit of Bitcoin’: The Bitcoin Hostel
A Bitcoin (BTC) hostel is coming to Portugal’s shores. As it’s 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 the community.
The Bitcoin Hostel is a homestay and hangout 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 Padimiglio. “She’s the business part, and I’m the architecture part, but I’m also more into Bitcoin,” he jokes. The Bitcoin Hostel combines Wolframm’s skills and hobbies: “traveling, Bitcoin and architecture.”
The Bitcoin Hostel shares developments with the Bitcoin community at every stage, taking into account Bitcoiners’ requests and advice 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 artificial intelligence trading bot that told readers to hodl, and a co-founder of Portugal’s A Seita Bitcoin, which is a Portuguese pun translating to “the Bitcoin Cult,” accepted.
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Vasconcelos told Cointelegraph that running a business through Bitcoin principles is “really disruptive.” He explained that businesses such as Bitcoin Hostel show:
Indeed, the Bitcoin approach to building a business is gaining traction, from Jack Dorsey’s ₿Trust, which takes zero direction from its overseers to Bitcoin podcaster Peter McCormack’s football club, which he intends to run on a Bitcoin standard.
For examples of the Bitcoin spirit guiding
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