American Consequences - July 2017

THE BARE FACTS About Cryptocurrency in Las Vegas

Is ‘Bootycoin’ the next big thing on the Strip? Or a tease?

L

instantly decrease as the cryptocurrency lands in her digital wallet. Nick Blomgren and Peter Klamka, the men behind the idea, are hoping this cryptocurrency experience will attract enough visitors – especially the hundreds of thousands of technology-convention attendees – to make the business profitable. They expect to own the “bitcoin nerd crowd” almost by default. “Other than this club, there aren’t many places where you can spend your bitcoin,” said Klamka, who has been involved with digital currencies since 2013. Blomgren and Klamka are offering up to 6,000 “lifetime memberships” to the Legends Room for $5,000 each, payable in cash or bitcoin. The new cryptocurrency, LGD, will

as Vegas is making cryptocurrencies sexy. Keeping true to its motto, “What Happens in Vegas, Stays in Vegas,” the city will become home to the Legends Room, the nation’s first gentlemen’s club accepting digital tokens. It theory, this would enable patrons to eliminate the embarrassing paper trails that can destroy a reputation or a relationship. But for the club’s creators, it’s a marketing tool, tapping into people’s desire for something new in the bumps and grinds of a very old profession. Men can slip a $20 bill into a dancer’s thong at any of the two dozen strip clubs in Las Vegas. But only at the Legends Room will they be able to use their phone to scan a QR code on her body and watch their account

52 | July 2017

Made with FlippingBook HTML5