The words Ambassador/Embassy are NOT interchangeable in the context of a standalone building that is a hub for Bitcoin enthusiasts by Bitcoin enthusiasts. This project is neither official or unofficial, it just is. There is no distinction in Bitcoin because there is no such thing as centralized authority. This name rejects that.
That's why I unilaterally declare myself the King of Bitcoinia. Bitcoinland? Bitconnerie? Bah, I'll let the peasants pick a name for the land, and then have them hanged.
Step two is to have an heir with the Queen of LTC.