One of the world’s most famous cryptocurrency pilgrimage sites has apparently closed its doors to the public for the last time, based on social media reports and Google Maps.
Room 77, an otherwise nondescript bar located in Berlin, Germany, achieved widespread popularity within the crypto community after being recognized in 2011 as the first bar in the world to accept bitcoin.
Owned by Joerg Platzer, Room 77 had over the years built up a cult following for being a symbol of the cryptocurrency counter-culture, albeit a distinctly unpretentious one. In a post on his Twitter account, Cypherpunk Holdings Chief Economist Jon Matonisbroke the news. A Google search appears to confirm that the bar has indeed shut down permanently.
“Warm Beer, Cold Women and Fast Food Served Slow”
Using the above slogan and branding his establishment as “the restaurant at the end of capitalism,” Platzer converted a run-of-the-mill Berlin cafe into one of Europe’s most recognizable crypto landmarks. Berlin-based crypto mining startup Cyberian Mine described Room 77 on its blog as a place with “an understated but unmistakably cyberpunk vibe.”
Like many other establishments in the crypto space, Cyberian Mine chose Room 77 as the venue of its celebration following its successful 2018 funding round. Unlike other establishments that accepted crypto, the bar, located in Berlin’s Kreuzberg neighborhood, by all accounts offered a decidedly unspectacular visual and culinary experience.
What it lacked in pizzazz, however, it seems to have made up for with sheer first-mover advantage. Several thousand crypto community members from around the world specifically made it a point to stop by Room 77 when in Europe, simply to take part in its now-famous bitcoin payment ritual invented in 2011.
Room 77’s Politics and Community
Apart from just being a crypto tourist attraction, Room 77 also served as a meeting point for people with similar beliefs, such as the growth of the crypto-sphere and rolling back censorship. In 2014, founder Platzer also became the author of “Bitcoin – kurz & gut” (Bitcoin in a nutshell), the first book about bitcoin to be written in German.
He also became the first person to carry out a Lightning Network transaction involving a physical good when it was used to buy beer at Room 77 in 2017.
At press time, it was unclear what Platzer’s future plans are following the shuttering of Room 77.