Cedar Lee Theatre premieres bitcoin film

On Friday, Oct. 3, Bitcoin Boulevard US businesses along Lee Road will host the worldwide release of the documentary “The Rise and Rise of Bitcoin” at the Cedar Lee Theatre. Distribution rights to the film were purchased by Los Angeles-based Gravitas Ventures, which recently opened an office in downtown Cleveland.

“The Rise and Rise of Bitcoin” follows the stories of digital currency entrepreneurs and startups that are helping shape this emerging technology. The film will open with a red carpet event, including a Q&A with the movie’s participants and production team. There will be pre- and post-parties hosted by Lee Road merchants, and incentives at the various Bitcoin Boulevard US participating retailers throughout a week of screenings.

Cleveland Heights resident Nikhil Chand, founder of CoinNEO, successfully led merchants in the Cedar Lee district in becoming Bitcoin Boulevard US, the nation's first organized business community accepting bitcoins as a form of payment from customers. Bitcoin Boulevard US has drawn attention from local and national media, including Newsweek, NPR, Fusion TV, and the Plain Dealer.

Bitcoin Boulevard US continues to attract new visitors to Lee Road. Chand explained, “Gravitas had no prior relationship with Bitcoin Boulevard US when it decided to acquire this film. Coincidentally, its president, Michael M. Murphy, is a former Northeast Ohio resident who has chosen to reinvest in our city by moving his family and his offices from Los Angeles to Cleveland. Our efforts have united around Bitcoin, and we can’t imagine a more appropriate place on earth for the launch of this compelling film to take place.”

Bitcoins are digital currency units, transmitted over the stateless and global Bitcoin payment network. The Bitcoin network validates all transactions of bitcoins, eliminating the need for third-party private banking institutions. Businesses pay between zero and 1 percent for Bitcoin transaction fees, and have the option to settle Bitcoin revenues in dollars, bitcoins or a percentage of both. Since May 1, Cleveland Heights merchants continue to see direct revenues driven from Bitcoin transactions and are optimistic that revenue will continue to grow as more merchants adopt the technology.

The Oct. 3 event begins at 4:30 p.m. with a pre-party and informational talk—“Bitcoin 101”—at The Wine Spot, then moves on to the Cedar Lee Theatre for a red carpet at 6 p.m. The film starts at 7:05, and is followed by a post-party at Parnell’s Pub at 9 p.m.

The film will be screened throughout the week. Go to www.clevelandcinemas.com for details. Merchant incentives will also be offered between Oct. 3 and Oct. 9. Mention Bitcoin at the Katz Club Diner when you order a dinner burger and receive a complimentary house-made dessert or shake. Any payment method will be accepted.

Order French fries or ice cream at Sweetie Fry, and show your movie stub or pay with bitcoins to be entered in a raffle to win 25 free scoops. Show your ticket stub and purchase a beverage at The Wine Spot to receive 25 percent off a cheese plate.

Show your ticket stub or mention Bitcoin at Parnell’s to receive $1 off beverages. Mention Bitcoin at Revive to receive 10 percent off apparel and another 5 percent if you pay with bitcoins. Mitchell’s Fine Chocolates will give you a 5 percent discount for showing a ticket stub or paying in bitcoins.

To learn more about Bitcoin technology and Bitcoin Boulevard US, go to www.coinneo.com or www.bitcoinboulevard.us

Michael Kinsella and Adam Fleischer

Michael Kinsella is a member of the FutureHeights Board of Directors. Adam Fleischer is the owner of The Wine Spot.


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Volume 7, Issue 10, Posted 9:25 AM, 09.30.2014