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Cafe 935 and Bitcoin ATMs

Cafe 935, at 935 Albany Highway Victoria Park, has just started to accept Bitcoin payments.

This enticing little cafe is open from 6:30am to 3pm daily, and the owner is very enthusiastic about Bitcoin in general. Please show your support by getting your daily coffee fix from them!


Cafe 935 is also home to a Bitcoin ATM.

We’d like to set the record straight about Bitcoin ATMs in Perth.

The first Bitcoin ATM in Perth was a homebuilt model by Christopher Lees with software from Cash2BTC. It was in use on 17 September 2014 as part of the Perth Bitcoin Embassy launch / Bitcoin Perth Meetup. It was never intended as a permanent feature though, and has not been used since for a variety of reasons.

The second Bitcoin ATM, which can be credited as the first permanent Bitcoin ATM in Perth, is run by Perth Coins and was launched in August 2015. It is a one-way General Bytes model and it is still running at Techniq Computer Solutions.

The third Bitcoin ATM was installed in September 2015 at Fremantle’s Finest, a “herbal high” shop. It appears to be run by the shop owner. It is a one-way Skyhook model. It is advertised on Gumtree as not asking for identification (probably true), being the only Bitcoin ATM in the world not to ask for proof of identification (not true), and being the first Bitcoin ATM in Perth (also not true).

BitAwareAustralia has previously provided marketing advice to the operator of the ATM, but did not advise them to make these claims.

The fourth Bitcoin ATM is run by Perth Coins and was launched in November 2015. It is a one-way General Bytes model, running at Cafe 935.

Next Weekend – Bitcoin Perth – BitAwareAustralia – Garage Sale Trail and Spring Fair

Christopher from BitAwareAustralia will be helping out at Mojito Accessories’ sale on the Garage Sale Trail this year.

Date: Saturday 24 October
Time: From 9am to 3pm
Where: 2/2 Todd Avenue Como balcony (corner of Canning Highway)

Mojito Accessories will be accepting cash and Bitcoin for their fun and fashionable jewellery, cosmetics and scarves; the prices are extremely hot so pick up a present for yourself or a partner AND support the local Bitcoin economy!

When Christopher is not serving customers he’ll be happy to chat about Bitcoin too.


Set the date in your diary: Sunday October 25, at Manning Park, Azelia Road, Hamilton Hill. 11am-6pm.

The Cockburn Rotary Spring Fair 2014 was what started it all off for BitAwareAustralia and we are proud to be exhibiting there once again in 2015.

There will be several improvements, but the main one is that Mojito Accessories will be selling funky budget men’s and women’s jewellery from the side of our stall. They’ll be accepting cash or Bitcoin (massive 50% discount for Bitcoin!) so don’t forget to come down and support Perth’s newest Bitcoin-accepting merchant! Pick up a little present for your wife or girlfriend and don’t forget to tell her that you bought it with Bitcoin.

If you know of somebody who knows nothing about Bitcoin but is interested in finding out more, please ask them to come and see us. Thanks to our generous sponsor at the Waterford Plaza Bitcoin ATM, we have $5 of Bitcoin to give away to people who are brand-new to Bitcoin.

If you know of a business interested in accepting Bitcoin and they want to talk to somebody about it, please ask them to come down and have a chat. We’ve got information for merchants as well.

Christopher, Paul and Diego will be glad to see you there!

BitAwareAustralia at the Garage Sale Trail

Christopher from BitAwareAustralia will be helping out at Mojito Accessories’ sale on the Garage Sale Trail this year.

Date: Saturday 24 October
Time: From 9am to 3pm
Where: 2/2 Todd Avenue Como balcony (corner of Canning Highway)

Mojito Accessories will be accepting cash and Bitcoin for their fun and fashionable jewellery; the prices are extremely hot so pick up a present for yourself or a partner AND support the local Bitcoin economy!

When Christopher is not serving customers he’ll be happy to chat about Bitcoin too.

BitAwareAustralia at the Cockburn Rotary Spring Fair

Set the date in your diary: Sunday October 25, at Manning Park, Azelia Road, Hamilton Hill. 11am-6pm.

The Cockburn Rotary Spring Fair 2014 was what started it all off for BitAwareAustralia and we are proud to be exhibiting there once again in 2015.

There will be several improvements, but the main one is that Mojito Accessories will be selling funky budget women’s jewellery from the side of our stall. They’ll be accepting cash or Bitcoin so don’t forget to come down and support Perth’s newest Bitcoin-accepting merchant! Pick up a little present for your wife or girlfriend and don’t forget to tell her that you bought it with Bitcoin.

We hope to have many other exciting details for you in coming weeks – stay tuned!

Don’t buy Bitcoin!

Now that I’ve got your attention…

Being involved in something as amazing as Bitcoin, you tend to hear a lot of comments from naysayers. Usually, these people have never used Bitcoin before and don’t know anyone who ever has, and frankly it’s very obvious.

The well-meaning advice you often hear from naysayers is: “Don’t buy Bitcoin, it could go to zero tomorrow!”

This is technically true – it is possible for any currency to lose most or all of its value overnight – but is a silly thing to say for two reasons.

The first reason is that almost nobody receiving this “advice” is thinking of putting their entire life-savings into Bitcoin. Usually the person being advised is just starting out with Bitcoin, and they were looking to buy just 0.1 BTC so they could experiment. Anyone can afford 0.1 BTC; if it drops in value or goes up in value it doesn’t really matter.

You might as well be saying “Don’t buy that chocolate bar – it’ll go off in a few days and if you don’t eat it by then you will LOSE YOUR $2”.

Let’s give some credit to Bitcoin: It is not so fragile that it would plausibly lose all its value. Mistaken hard forks, transaction malleability, Mt Gox, spam transactions, the 2013 bubble and 2014 bear market, Silk Road, stress tests and the block size debate… none of these things killed Bitcoin or permanently shook confidence in Bitcoin.

The risk of investing in Bitcoin is certainly non-zero. You could purchase bitcoins for $370 and then find the price going down to $320. But $370 to $0? Or even $370 to $70? Very improbable.

You can certainly do worse on the stock market. Companies regularly crash and burn, taking their stocks down to zero. However nobody says “Don’t invest in the stock market, your shares could go to zero” – no, they say “Don’t invest what you can’t afford to lose” which is good advice.

What we were so pessimistic about the property market? “Don’t buy property, it might burn down.”

You could really make fun of this statement by filling the following mad-lib:

“Don’t (do something), because (unlikely event)”

“Don’t buy a bicycle, you might get into an accident and lose your legs and then not be able to ride your bicycle!”

“Don’t scan in your driver’s license, hackers might get into your computer and steal it and use it for identity theft!”

“Don’t buy an Xbox One, there’s a chance Microsoft will abandon it and no more games will be made for it!”

“Don’t read a book about WW2, maybe the author is a Neo-Nazi and you’ll get offended!”

To get back onto a serious note, I think it’s more likely that the Australian dollar will “go to zero” than Bitcoin. Think about it: The supply of the Aussie dollar is regulated and “backed by the government” yet it has lost 30% of its value over the last couple of years. And not only is it projected to shrink further, but the government even seems to be quite happy to allow it to do so. This might sound far fetched, but in the event of insurrection or domestic war the Aussie dollar could even be replaced with something else and become worthless.

Bitcoin? Not so much. Bitcoin is not linked to any one economy and it’s not very much affected by single-government decisions. If the USA falls over, or China collapses, all other countries would continue trading and accepting Bitcoin. You might see a blip in the price, but the funny thing about Bitcoin is that it tends to do better when other currencies are in trouble. Bitcoin went up 20% during the Grexit crisis.

Bitcoin could however be brought down by a major failure in its security design – which is very unlikely to happen given the amount of attention and auditing it has had to ensure everything is secure. And in any case if you are only investing what you can afford to lose, or you want to experiment with Bitcoin, then your loss won’t be the end of the world.

I would worry more about the other scenario: The one where banks become responsive, responsible and likable institutions. The economies of the world rise again and fiat currencies are made to slowly deflate rather than inflate. And all persecution and injustice is wiped off the face of the planet and we finally reach the dream of world peace.

That’s the most likely scenario in which Bitcoin will go to zero.

Bitcoin for Tourists – the opposite way around

I had an unusual situation today which was perfect for Bitcoin.

A friend of my partner, who usually lives in Indonesia, has come to Perth for a couple of weeks. While he was here he gave us a copy of his CD.

We enjoyed it so much that we wanted to buy another copy from him to give to somebody else; however when we next saw him we didn’t actually have any cash on us. But that got me thinking: What use is the Aussie dollar to him? He’s going back to Indonesia in a few days!

BitAwareAustralia often talks about tourists coming to Australia with Bitcoin and spending it here, but there’s also a use case where tourists may want to be paid or reimbursed in Bitcoin to take back to their own country. Our friend was not carrying out business here, but we found a situation where we needed to pay him some money and we didn’t have cash. Even if we had cash, it would have been virtually useless and probably would have gone completely unspent.

He decided to simply give us the second copy of the CD, but I’m going to insist on paying him – in Bitcoin.

Reminder: BitAwareAustralia does not assist criminal behavior

I was recently asked via e-mail to help a stranger with his project to help street dealers become Silk Road vendors.

Obviously, this person believed (incorrectly) that all Bitcoin fans were also Silk Road fans. I reported the e-mail to the relevant police force and I hope it will be useful to an ongoing investigation.

No legitimate Bitcoin organisation wants to be seen to assist criminal behavior, and in particular BitAwareAustralia does not want to give anybody a reason to think that Bitcoin is somehow illegal, or that Bitcoin is only useful for purchasing illicit drugs.

This is a reminder that BitAwareAustralia will not be a party to any criminal acts, any person which it knows is actively committing crime, or any acts which could reflect badly on it. If you ask for help in committing a crime, we will immediately contact the police.