Bitcoin Magazine
Tampa Bay’s Bitcoin Community Builds Circular Economy Momentum After 1 BTC Windfall
Two years after clinching 1 BTC in a national competition of Bitcoin meetups at Bitcoin 2023, the Tampa Bay Bitcoin Meetup—now formalized as the nonprofit Bitcoin Bay Foundation—has channeled the prize into a thriving local ecosystem. Valued at roughly $25,000 to $30,000 at the time, that bitcoin has appreciated to over $100,000 amid bitcoin’s bull run, bootstrapping workshops, conferences, and community events that onboard businesses to the Bitcoin standard. The group’s president, Thomas Schlemmer, credits the win with supercharging efforts to create a “Bitcoin circular economy” in the Tampa Bay area.
“The Tampa Bay Bitcoin Meetup is the longest active running meetup, at least in the U.S. Some are saying the world. It’s been going on for 14 years,” Schlemmer told Bitcoin Magazine, tracing the meetup’s roots to 2011. What began as monthly social meetups eventually introduced developer-focused BitDevs sessions supporting the growing international movement of high-tech Bitcoin Developer events.
Bitcoin Bay Foundation hosts a dynamic lineup of events tailored to foster education and community in the Tampa Bay Bitcoin scene, with weekly meetups serving as the backbone—often expanding to five per month depending on programming and demand.
These include core recurring formats like beginner-friendly Bitcoin 101 sessions (averaging 20 attendees), social gatherings (around 25 participants for casual networking), and advanced BitDevs developer discussions, usually small groups diving into technical topics. Hands-on workshops rotate monthly or as requested, covering practical skills such as privacy in the digital age, peer-to-peer Bitcoin purchases, de-Googled phones, Bitcoin mining, node setup, and SeedSigner hardware builds. In these workshops, participants can expect interactive, step-by-step guidance from local experts to build confidence in self-custody and privacy tools.
The recent Sound Money Soirée gala drew around 100 people for a black-tie fundraiser, hosted in a historic bank vault, complete with silent auctions of products from all kinds of Bitcoin companies like Start9 and SeedSigner, raising $50,000 in one night, which goes to fund their various educational events. “It’s just kind of an excuse for people to get dressed up… and have fun… and show the local leaders there’s over 100 people here,” Schlemmer said of the gala, which brought in Bitcoin leaders from across the country.
The gala almost did not take place: “Our bank froze our account like a week and a half before,” as banks seem to do when you need them most. “We were actually able to pay the blackjack dealer, the DJ, and the photographer in bitcoin,” Schlemmer recalled, an omen-like reminder of the power of Bitcoin.
Earlier this summer, they also co-hosted the Bitcoin Day Tampa conference with the Bitcoin Day team, which brought in 150 attendees and had a full day of panels on policy, business adoption, and custody with speakers from across the industry, and even state senator Joe Gruters. “It was a regional conference, we filled out the Tampa River Center, which was good. That was about 150 people, and that was our first conference that we’ve ever thrown. So it went well.”
The group also partners with the University of Tampa, where the Bitcoin Club “The Bitcoin club there is the second largest non-Greek club on campus,” according to Schlemmer. They’ve supplied internships, guest lectures, and materials for the school, which now hosts a Bitcoin course. “We’ve been very close with them over the years, providing internships, getting kids placed in jobs, guest lectures, getting them educational materials,” he added.
The Tampa Bay meetups serve as an example of arguably the foundational institution of the industry, the Bitcoin meetup. For aspiring meetup organizers, Schlemmer stresses consistency: “Just consistency, you know, meeting at the same place at the same time or the same frequency, lets people know what to expect.” Building a core team with complementary skills—like accountants—is key, he added; “If you’re going to go the nonprofit route, then you need to make sure you have an accountant.”
However, successfully hosting Bitcoin meetups is far more than just accounting; the gap in knowledge and interests between new attendants and old ones can be a serious challenge. Staying Bitcoin-only wards off altcoin distractions, Schlemmer noted, “we just tell them upfront, ‘hey, we are a Bitcoin-only here.’” When crypto enthusiasts probe alternatives, the group simply points out that they prefer to focus on Bitcoin and that there are other crypto meetups in the area they can visit for those interests.
This post Tampa Bay’s Bitcoin Community Builds Circular Economy Momentum After 1 BTC Windfall first appeared on Bitcoin Magazine and is written by Juan Galt.
