After Berlin, Munich is going to be the next hub for Bitcoin startups within the arguably pro-Bitcoin Germany. Bitcoin Startups Munich, a business networking group that connects Bitcoin entrepreneurs and is building an ecosystem of Bitcoin startups, met for the first time on the evening of Thursday, August 28th. The event took place in the premises of Opentabs, a payment processing and e-commerce startup in East Munich.
Attendance and Interest Soar at First Meeting
More than 50 persons attended the event in a crowded conference room. A diverse crowd was on hand –software developers, journalists, investors, students, and entrepreneurs, including a startup founder from Vietnam who provided an overview of the state of the Bitcoin ecosystem in South-East Asia.
The event began with a brief introduction and welcome speech by Dr. Bastian Brand and Cris Genc, the two main organizers of the event.
Dr Bastian Brand and Cris Genc
Dirk Röder provided a summary of Bitcoin’s fundamentals to those in attendance who were new to the topic of crypto-currencies. After this, Marco Streng gave a presentation on his experiences at Genesis Mining, a German mining operator, and stressed the rapid pace of innovation in the sector.
Marco Streng from Genesis Mining
After a short networking break, Bastian Spielmann, blogger at Consensus Analytics, gave a presentation entitled “Bitcoin 2.0 – Myths and Reality” where he evaluated projects such as Ethereum, Mastercoin and Bitshares and dispelled some of the myths surrounding advanced block chain-based technologies. The lively discussion and the guest appearance of Dominik Weil, manager of Bitcoin Vietnam, the leading Bitcoin exchange in Vietnam, aided the presentation immensely.
In light of the overwhelming interest and support, the decision has been made to host a monthly meeting going forward. In anticipation of the large number of attendees expected at the next session, which will focus on Bitcoin’s attributes for consumers, Bitcoin Startups Munich has decided to move to a larger location.
Dr. Bastian Brand and Dominik Weil said the following about the Meetup.
Dr. Bastian Brand (Founder of Bitcoin Startups Munich):
“Having visited a number of Bitcoin conferences and met with many Munich Bitcoin enthusiasts, I had a sense there was a real need to create a new networking platform that features presentations by experts and that provides access to consumers, investors or journalists. This was the catalyst for Bitcoin Startups Munich. Now, after we have concluded our first meeting I am overwhelmed by the audience’s positive reception and extremely grateful to all those who have helped to organize this event.”
Dominik Weil (Manager of Bitcoin Vietnam, former community leader of Bitcoin Frankfurt):
“I just can congratulate the organizers of putting that together and hope they can keep the pace and the spirit show so far. The case this is going to happen, I believe that Munich can soon establish itself as another Bitcoin Hotspot in Germany besides Berlin. Especially in times were unthoughtful regulatory approaches by the authorities are strangulating the German Bitcoin Startup scene, it is great to see that people are still pushing forward to avoid the complete ossification of the German Bitcoin scene – despite unreasonable regulations by the powers that be and the – as a logical result – caused brain drain of young German entrepreneurs to locations abroad, were they actually can execute their ideas. Therefore, we should all be thankful for people like Bastian and his co-organizers, who have not given up on Germany as a place of innovation – and I hope they will be able to reap the rewards of their efforts in time.”
About Bitcoin Startups Munich
Bitcoin Startups Munich was founded by corporate finance consultant, and author of the industry report “The Intelligent Crypto-Investor,” Dr. Bastian Brand in response to a perceived need to create a business-oriented networking group that brings together Bitcoin enthusiasts with investors, entrepreneurs and developers from the Munich region. Bitcoin Startups Munich aims to operate on two levels.
Firstly, it organizes a range of events and workshops where presentations are given that help people understand how Bitcoin works both from a technical as well as from a business / economic / investment perspective. Secondly, it features a website. The website of Bitcoin Startups Munich contains profiles of Bitcoin-related startups as well as live recordings of the presentations given at the aforementioned events. By providing this information, the website helps investors to find suitable companies, sector experts and entrepreneurs to reach out to a global audience and Bitcoin enthusiasts around the globe to access quality content on the latest developments in the Bitcoin space. The website and media presence of Bitcoin Startups Munich is managed by Cris Genc who has recently written an academic thesis on the success criteria of Bitcoin adoption in Germany e-commerce.
Featured image from Shutterstock.
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After Berlin, Munich is going to be the next hub for Bitcoin startups within the arguably pro-Bitcoin Germany. Bitcoin Startups Munich, a business net
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