Bitcoin Forum

With many theories and probability streaming over the worldwide media, bitcoin was foreseen to be the future legal tender in the international market in the near future. But the question is when will it happen. In the Philipines using a third party company the so-called coins.ph will allow you to pay electric bills, water bills, telecommunications billing. This small event show the potential future of bitcoin as an international legal tender. Soon we buy fired chickens with bitcoin.

Bitcoin was never meant to buy your daily groceries or fried chicken. It doesn't have the basic characteristics to become a normal currency like USD. Bitcoin is an alternate investment route and one should treat bitcoin like that only.

Invest for a long time and you can make your dreams come true. If you spend your bitcoin for buying your daily stuff, I'm sure you will regret one day for sure.

I think your are wrong. It is not meant for investment. It is a completely digital money. It is the first decentralized peer-to-peer payment network that is powered by its users with no central authority or middlemen. From a user perspective, bitcoin is pretty much like cash for the Internet.

As i said bitcoin is a POTENTIAL legal tender. It may not be possible today but there is a high possibility that in the future bitcoin will be able to be accepted even in the small stores in exchange for goods. There are online sellers on facebook who accepts bitcoin as payment for their products (perfume, shoes, accessories etc.). This are small accomplishments of bitcoin but it is very promising that someday fastfoods will accept bitcoin as mode of payments. That way I can pay my fried chicken with bitcoins.

Who says that, please quote your source. The Bitcoin white paper calls it a A Peer-to-Peer Electronic Cash System, not an alternative investment option. ^hmmmmm^ Satoshi never meant for people to hoard all their coins and wait for the price to rise, and to make profits from that, it was a cash system. What do you use cash for? Daily groceries and friend chicken. ^smile^

Yes, you are correct by definition. It is a decentralized and peer to peer electronic currency. I too agree that there are many small service providers who accepts bitcoin as payment for their services.

However, lets do a small calculation: (assume, bitcoin price is now $675.00)

Today if you buy a fried chicken platter for $20 so as per bitcoin current price, you paid 0.03 BTC to the seller.

Now after some day, bitcoin price rose to $795 (which actually happened few days back)...so your 0.03 BTC is valued at $23.85. So you are making a loss of 13.85 USD on a single bitcoin platter.

In this context I said, it is better to restrain yourself from buying daily groceries using bitcoin and store if for a better time. Instead use your fiat do all these things.

The number of companies taking Bitcoin is growing worldwide. Slowly but surely Bitcoin spread despite all the contradictions and misunderstandings that arise between users cryptocurrency and state institutions.
For example, in my country in the bistro you can buy a sandwich for Bitcoins https://cryptochan.org/subway-v-rossii-prinimaet-bitkoin-k-oplate/

i think online transaction is not that much trustable here so we must convert it to real money

let me open a restaurant in your area. where i will accept bitocin from the customers. i think then you will be able to buy fried chickens with bitcoin. hope that you will really be able to buy fired chickens from bitcoin.

I agree with this , as bitcoin price varies continuously it may not  be very useful to buy groceries etc.  currently only paying bills for mobile currency etc is allowed , but in future there may be some method comes to use the bitcoin for buying even groceries . Holding bitcoin and selling to normal currency when bitcoin price goes is high is preferable :)
 

Actually in the Philippines  there is no problem of the volatility of bitcoin ,They had a local wallet too to exchange bitcoin easy to local currency if you want to hold your bitcoin in long term there is no worry about you can use your peso wallet. So I'll wait to buy chicken in the future using bitcoin wallet. 😂😂😂

I was less fit when bitcoin used to buy fried chicken. Bitcoin was created to give us the comfort and ease of transaction. Because buying fried chicken with bitcoin I think is more complicated than using cash and you will be exposed fee: D Thank you

Anyone who holds bitcoin is susceptible to volatility. That is just the nature of bitcoin, at least up until now because it is a fairly new form of currency. I wouldn't put too much in a local exchange as we've seen many exchangers that encountered problems. Better to put your precious bitcoins in a wallet that's secured.

using bitcoin to buy groceries has 2 bebenfits
1. you can rely on bitcoin to live, without having to "cash out" back to fiat just to live. simply by buying things with bitcoin
2. you do not need to spend every 'bit'.. instead think of it as 'savings' eg spend 50% save 50%.. by the time you reach retirement you have lived a happy life USING bitcoin and also SAVED enough bitcoin to continue living a happy life

unlike fiat with its low/negative interest and inflationary nature that LOSES you value if you hoard.

in short dont 100% hoard. dont 100% spend. find the right balance to live off bitcoin today, so you can live off bitcoin in the future..

i has already happened, and you can buy fried chickens with bitcoin. i know for a fact that there is a food truck in US that is accepting bitcoin as payment and i am sure he is selling fried chickens too. so you just have to look for it ;)

bitcoins are way more profitable in my opinion, that is the best thing to be honest and we never need to transfer our money into fiat if we want to make the transactions be safer

i think there might be people that would actually help you to make such orders for bitcoins, you would give them bitcoins and they would buy you what you actually want for it

That's a bunch of bullshit.

BTC is and can be used just as USD is today with fiat currency.

The only difference is it's hard to explain to your average person that BTC has value.. All they see is magical computer numbers.
Really though. To say BTC is any less currency than USD is foolish in my opinion.

don't no about fried chicken but this guy is selling free range eggs, LOL

https://bitcointalk.org/index.php?topic=1532605.0

20,000 US fast food/food delivery venues

https://www.foodler.com/user/Bitcoin.do

lots of fried chicken, pizza and other things for the yanks

So you are a filipino i think you just need to wait for the stores or fast food chain from that country to start to know about bitcoin and also accept it as a secondary currency. If you ask me, bitcoin just need at least 2 to 4 years to be start being accept by the stores around the world because bitcoin is slowly getting popularity year after year.

Since coins.ph has lots of supported merchants locally, maybe they will considered to make a partnership or deal with some of the restaurants here that accepts online placement of orders.

It is possible the way that coins.ph is. Just need some request and demands by it's clients.

I think it may already be possible somewhere. For example, take a look on this website: https://bitdazzle.com/results?q=chicken
They don't have fried chickens here, but they do have some stuff with chicken and other food you can buy with BTC)
As for being able to pay with btc in shops - I think we need about 10 years in developed countries for that

Already there might be few store or vendor providing fried chicken in exchange of bitcoin around some corner of the world. Easy access will be got when we experience double the users using bitcoin than now. The increased profile creates more business to accept bitcoin into their business.

Haha that is a good question i think when the bigger companys like mc donalds and burger king that kind of things are accepting bitcoins the Kentucky fried
chicken will also accept bitcoins for sure. So first the bigger companys smaller ones will follow.

The main problem will be BTC transfer time. Which customer will accept buy fried chicken today and receive it tomorrow, because BTC transfer time can be up to 24 hour or more ? At current BTC development stage, online buying have problems.  ;)

Lol this is a quiet funny question let me guess you want that kentucky fried chicken will accepts bitcoins in the future. If they are doing it other
companys will follow them like burger king and other fast food corners

Bitcoin has a long way to go now. It is not being popular at food companies till yet. I think first of all , all the multinational companies should support the bitcoins and then everyone will follow them and introduce bitcoins in their businesses.

I wonder where does this chicken is working?  ???  Poor chicken being fired  ;D.  anyway I know there is some restaurant in makati that accept bitcoin.  It was the place where majority of meet ups occurs.  So I think you can already buy fried chicken with bitcoin in the Philippines way back year ago.

O man, this guy and his priorities!
I don't know about you but you can actually buy fried chickens with bitcoins already.

I mean, if you ask a random bitcoin user to cook fried chicken for you for bitcoins, that's already considered "buying fried chicken with bitcoins" aye? But I get what you mean. Sooner or later, there will be stores/restaurants that will accept bitcoin as payment and we can buy fried chicken with it!

hope that very soon you will be able to buy a fried chicken form the market using bitcoin.

I totally agree with you, but the whole initial buzz about bitcoin was that it was going to be a great currency.   Remember the 10,000 btc for pizza?  And then it turned into a straight up speculation tool and no one wants to spend a deflating currency.   At least you come out and say it and call it like it is.

If Bitcoin is perceived as a true currency, you will be able to buy anything with it directly. I think it is not really advisable to use a third party for bitcoin payments. Those intermediaries add costs and delays to what would otherwise be a flawless payment process. It might be thinkable that the use of third party payments providers that convert Bitcoin to fiat to execute purchases is actually hurting Bitcoin adoption, because the advantages of Bitcoins are crippled in the process.

Therefore, whenever possible try to make direct Bitcoin purchases. A great leap forward would be the acceptance of Bitcoin by the primary industrial sector. This would lay the foundation for direct b2b payments which is a prerequisite for direct Bitcoin acceptance from customers, because companies would be able to use Bitcoin revenues as working capital without fiat conversion.

ya.ya.yo!

yes that is a fact we all talk about the trading in bitcoin. perhaps i opned a shop and some one come to me and buy some think in bitcoin. he wants to pay me in bitcoin. what about he transection. how much will i stay for his bitocin. i think this problem must be solved very soon.

The same thing happens with other currencies too my friend, only in smaller increments and over a longer period. As Bitcoin mature and get distributed amongst more people, it will become less

volatile. The opposite is also true, when the price drops.... you would be buying that chicken for a bargain price. The main thing is.... if you bought Bitcoin today for $650 and you bought that chicken

that same day, it would not deviate that much.... you could wait for the price to increase and then buy 2 for the price of one.  ;D ;D ;D 

when? right know if you want... just order a bitcoin debit card and go nuts with your fried chickens.

how if some big companies who already have a popularity and having so many store out there accepting bitcoin and offering delivery service,online transaction is safe as long you know what you're doing and with who you're making transaction

Dude, this is a two way hand street.... you example could be just like:

and the conclusion would be diferent.

I feel that in the future we will experience stores like macdo or jollibee can accept bitcoin as payment.. just like brazil they have 150 stores are accepting bitcoin as payment.. so bitcoin has a great future..

where i live there are coffeterias which accept btc. unfortunately you can only buy some vege food and fancy coffees and not fried chickens :)

When I read your thread, I felt as what kind of question is it. With money we can buy anything we need. We do not have any option to use BTC in my country. But of course I can exchange the BTC to my currency and buy so many kgs of chicken.

Thats a good idea but i think op are looking for a market that can buy chicken using bitcoin for now we don't see any but i heard in brazil many store are accepting bitcoin we dont know but maybe there is one store are selling chicken that accept bitcoin as payment..

Yes maybe we should use bitcoin as an investment but how long you would wait until your dreams come true ? Since you are still waiting for that to happen why not use a few of it just to fill your cravings of fried chicken . This is not a bad Idea atleast you have use it in a good way and because it is a digital currency it should also be considered and treated as a money that can be used for daily life .

I think bitcoin is not use only for investing it can be use also to transfer money or buy something online.. but more people are adopting bitcoin so buying locally will be happen and i think here in philippines it will happen.. and i think 7/11 can accept bitcoin as payment in the future.. because they are already accepting money for depositing to bitcoin i think they will use it too to buy something in 7/11 store using bitcoin..

KFC doens't look a company which will go first. They will wait what Mac or BK does. So we should lobby with Mac to accept bitcoin.
In a way it isn't a bad idea. Bitcoin > Young People, Young People > Macdonalds. They could easily earn good money by start accepting it.

you can buy CHIKUNS (litecoin) with bitcoin and use them; they confirm much faster and at around $4 per piece, are better suited for daily transactions.

http://lookpic.com/O/i2/1523/eHF4l661.png

Yah. Is there any special conditions are there to buy a fried chicken? I usually buy all kind of things if i have money. i do not think a sales man would expect anything other than money.

Acceptance is super lousy, it´s true. Most merchants do not even know what Bitcoin is. It has been around for years but no, people still want old fashioned fiat scamcoins. Sometimes I feel like I´m in the wrong universe; too many retards everywhere.  :(

A few more banks going belly up, and more negative interest, could change that.  ;D

Purchase a Gyft card, purchase a Walmart card via Gyft with that, and purchase all the fried chicken you can eat without stroking out.

That was easy. And sounds delicious.