It’s 11:15 p.m. on a Friday night and a man in a white button-down shirt named Joey just ordered me a shot of Fireball. It’s a little hard to hear him over the music blasting from the other side of the velvet ropes, but the club’s director of services leans in close to make sure I can hear him.  “Excellence and hospitality in the crypto world,” Joey says in response to my request that he describe just what, exactly, is going on here.  SEE ALSO: Crypto-rich make it rain magic internet money in Vegas I’m sitting on a spacious couch in a private club, inside of another nightclub, inside of a casino, and we’re discussing Las Vegas’s first cryptocurrency nightclub: MORE Las Vegas.

Launched in April by Peter Klamka — a man known for, among other things, his involvement with The Legends Room gentlemen’s club which allowed patrons to tip performers in bitcoin — the nightclub comes with all the trappings of a typical VIP Vegas destination. There’s the $250,000 bottles of champagne, high-heeled cocktail waitresses, and view of the Bellagio fountains that’s to die for.  Unlike every other club in Las Vegas, however, this one has its own cryptocurrency — a currency you need to HODL to even get through the front door.  It has not been a good year for the price of cryptocurrency.  Bitcoin and ether are way down from their late 2017 and early 2018 highs, and most altcoins have fared significantly worse.

Meanwhile, in the background, ICOs are revealed as scams at a disturbingly regular clip, and the SEC keeps dragging its heels on a proposed bitcoin ETF.  The much-maligned talk of Lambos has shifted to progressively less convincing explanations as to why all of this is actually good for bitcoin.  Still, some people are getting — or, if they sold at the right time, remain — undeniably rich. It is often that crew, the group who either through dumb luck or skill managed to retain its newfound wealth while the market bled, who feels the most committed to its bitcoin maximalist or Ethereum-world vision.  Their livelihood depends on it, after all.

And they like to party with each other.  It was with all this in mind that I accepted an invitation to check out MORE Las Vegas. I’d be in Vegas anyway for DEF CON, and this seemed like a great opportunity to see what a city that practically defines opulence does when it sticks its toes into the world of cryptocurrency.  Well, what is does is MORE Las Vegas — a club with its own token that doubles as a de facto membership fee.

Owning 5,000 MORE Coins or more makes you a MORE Las Vegas member.  “[MORE Coin is] the intersection of nightlife and crypto demonstrating a real-world application of blockchain tech,” Klamka told me later that night.   The coin trades on the Bittrex exchange, and was created at the behest of Klamka. Read more from mashable.com…

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