February 21, 2013 | Wine | Steve Dale
Wine sold for Bitcoin at Rollingdale
An historic first took place in our humble wine shop on Saturday, February 16th, 2013. Rollingdale sold the first bottle of wine in N.America for Bitcoin! As of January 2013 bitcoin became the world's #1 alternative currency. It is a finite digital currency. Bitcoin is an encryption algorithm that contains a finite amount of bitcoins which are mined by individuals with powerful graphics cards for mining hardware. Once the bitcoins are all mined, there will be no more than 21 million. Bitcoins are also divisible. We have been watching the bitcoin marketplace with great interest for a couple of years, and it is about time we took part in it. It is an exciting alternative to the debt-based monetary system that wreaks such havoc on the world economy.
Incidentally, the customer purchased a bottle of 2008 La Droite, and enjoyed a 30% off bitcoin discount.
You want to set up a bitcoin account for several reasons, not the least of which is its spectacular growth. It has run circles around all other investments, and will likely continue to do so. It is also a vote against the usurious monetary policy of central banks to use a decentralized, finite, global currency.