Thomas Pacchia: Selling Donald Trump Burgers for Bitcoin
" I think that this was a real warning shot to everybody in Washington that they should pay attention to this, because Bitcoiners are certainly paying attention."
"This is something that could be really beneficial to all Americans, American businesses and America on a geopolitical stage. And I think that this was a real warning shot to everybody in Washington that they should pay attention to this, because Bitcoiners are certainly paying attention."
On this Bitcoin Talk episode of THE Bitcoin Podcast, Walker talks with Thomas Pacchia. Thomas is a Bitcoin entrepreneur who you may know as the founder and the co-owner of Pubkey, a Bitcoin bar in New York City, where President Donald Trump paid for burgers with Bitcoin. Thomas tells the whole story of how Trump ended up in his bar paying in bitcoin, but we also get into the changing bitcoin culture, media and political perspectives around Bitcoin, PubKey as a community hub and Third Place for Bitcoiners, the logistics of running a bitcoin business, the ridiculous New York Bitlicense and the issues it causes, and a whole lot more.
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Summary
In this conversation, Walker and Thomas Pacchia discuss the growth of Bitcoin families, the evolution of Bitcoin culture, and the changing focus of Bitcoin conferences. Thomas shares his journey into the Bitcoin space, the founding of PubKey, and the surreal experience of hosting Donald Trump at the bar. They also touch on the media's perception of Bitcoin and the challenges it faces in gaining acceptance. In this conversation, Thomas and Walker discuss the evolving understanding of Bitcoin, the political landscape surrounding it, and the role of PubKey as a community hub for Bitcoin enthusiasts. They delve into the challenges of running a Bitcoin bar, including navigating regulations like the BitLicense, and emphasize the importance of education and community engagement in the Bitcoin space.
Takeaways
Bitcoin conferences are becoming more family-friendly.
The growth of Bitcoin families signals a healthy community.
Bitcoin is becoming integrated into various aspects of life.
Thomas's journey from law to Bitcoin is inspiring.
PubKey aims to revive the Bitcoin community in New York.
Hosting Trump at PubKey was a surreal experience.
Media often misrepresents Bitcoin and its culture.
Bitcoin's acceptance is hindered by negative media narratives.
The Bitcoin community is still learning and evolving.
Generational wealth is important for the future of Bitcoin. The more information available, the better understanding of Bitcoin.
Legacy media often misrepresents Bitcoin and its community.
Bitcoin's apolitical nature is crucial to its function.
Engagement with the Bitcoin community can benefit politicians.
PubKey serves as a vital community space for Bitcoin enthusiasts.
Running a bar requires balancing hospitality and media elements.
The BitLicense creates significant barriers for Bitcoin businesses.
Community support is essential for the success of PubKey.
Bitcoiners are passionate and motivated to advocate for their interests.
The hospitality industry shares similarities with the Bitcoin community.