Bitcoin Forum

I think this seems to be the problem with most altcoins.  None of the people want to follow the example of Bitcoin.
I guess they don't want to fathom that right now it would take 10,000 of them to buy a pizza.   :)

Sounds good but IMO you are wrong. There are some good people holding alt coins, too. I guess there have to be.  ::)

I'm not saying they are bad people.  Most people including myself do things for reasons that are not good or bad morally.
Sometimes it's just because we all have limitations in how far we can think or act.

I want to buy a pizza for 10,000 Zetacoins. Anyone interested ? :)

That's not true, a man bought a pizza and beer for 10000 dogecoins a few years ago when they were worth more. He would have to pay 72000 dogecoins for the same meal today. There was only one bitcoin pizza sale before it went to the moon, and that makes dogecoin equal to bitcoin in early adopter pizza sales.

https://www.washingtonpost.com/news/the-switch/wp/2014/02/14/wow-such-cheese-man-uses-dogecoin-to-buy-pizza-and-beer-in-hawaii/

for now, i think there are no person will do this and spend their 10,000 altcoin to buy something, better to hold it in a moment. but if the altcoin is really worth and the price can up high, then i think people will use their few amount to buy like pizza or another product. but its only still a dream before its come true and we need to wait until there is a store that will accept payment from altcoin.

It depends upon on what alt coin are you holding. If you are holding some potential coin, i think it is not advisable to spent but if it is just a shit coin and got it from bounty campaign then don't bother to bought it a box of pizza.

That is exactly the whole point. No one is interested in most of these altcoins because they really are only tokens with no value. They are more like Pokemon trading cards than a currency. Most of the holders of these altcoins want to convert to bitcoin as soon as they think it is profitable for them. So in reality everyone actually is a bitcoiner.

The number 10,000 is irrelevent! If I hold an alt that has a value of 1 satoshi, I will gladly spend 10,000 of them on a pizza, it would be a great deal.
I wouldn't spend 10,000 Eth on a pizza, no.

Other than a very small group of Alts, none have the potential to be worth $100 per coin, so the fear of being the guy who spend 10,000 Xcoins on a pizza shouldn't be in your mind.  You could always buy more for fiat anyway, so there would be no loss at the end of the day!

I guess peoples prefer selling the pizza

This is pointless because people would not tend to buy pizza on an 10k altcoin unless if its value is 1 satoshi only then people will surely use it but the question is whos the one to sell off pizza on that price? Its just nonsense though.It depends on the value of a particular altcoin if its value is high people  would say no but if its low then might possible but the question is whos gonna sell? ;D

Altcoin recently has lesser value if we compare on bitcoin so it difficult to make it happen.
But it's not impossible for happening since cryptocurrency is a world full of unexpected things

Are we ment to be taking you seriously ? You not making sense son.
It would take 10000 of what to buy a pizza? 10000 bagholders ? That is what ot sounds like you are saying but I think you mean 10000 coins.

So 10000 shitcoin for a pizza ? Ok I'll send you some shitcoin then you go buy a pizza for yourself k ?

You got my point.  The people who have coins that they believe in don't seem to realize that for them to be valuable they have to have
a real world value today.  So, if a Pizza is $15, and their coin is worth .0015, then they need to spend 10,000 of them to buy one.  Not bad
if it took a day mining something for some people.  Then, maybe the next pizza takes 8,000 coins because people are aware that they are
having a value.  In a week, it would take 5,000 coins, and lesser and lesser until a coin is worth much more.

No one can spend 10,000 of their Altcoins for a Pizza (fixed)

Altcoins are pure speculation tool, name me one damn altcoin you can use today to buy a pizza. none of them has an infrastructure, none of them is accepted by merchants

Anyone who has looked at them knows that's not true.  You can buy things with litecoin, dogecoin, ETH, and monero. Even Earthcoin was set up to buy a lot of things at one time.   

You show me a place that accepts altcoins for pizza, I'd gladly spend millions of them :).
The thing about them is that we have too many of them already and zero usage.

It is not because no one wants to do it. It is more because it is almost impossible to do. How many altocoins can be used to purchase real life goods?
And people seem to to accept that fact, they speculate with altcoin and when they want to buy something they trade altcoin<=>bitcoin=>FIAT.
Plus, no one really believes that some altcoin can follow path of Bitcoin - hence the lack of effort.

I had send plenty of examples of bargaining and trading with alternates.  The other day, saw someone buy a beer and noodles with an alternate and it wasn't Litecoin or Ethereum.

As for brick and mortar, B&M has been taking away Bitcoin payments because some of them had done it for 2 years but only registered 30-something payments over those years, usually a repeat customer or two who is a Bitcoin enthusiast.   Why would someone add an alternate just to get 1 payment over 2 years.  :D

As at the time you are making reference to, the exposure has not been this high and wont not be same in few years to come. Even though those who did buy pizza with 10000 bitcoin as at the time would have believe they got value for money because I am sure they would have gotten for less so its a win-win situation. In addition to that, no developer would have the intention of creating a coin then turn to shit Bitcoin has taught them a lesson that what is worthless today could worth more tomorrow.

I think it was more than friendly deal between acquaintances than real business transaction.
Barter transactions between people from one familiar party are common: "I will give you 1 Augur you will give me 1 Heineken."

It has to start somewhere, it just takes one other person to share something about reality and commerce for there to be a legitimate currency.
Also, I believe peercoin has a network set up.  These networks are in place and so there are other coins that are getting off the ground.  No
reason why they can't be used both for trading purposes and currency.   Alternate currencies have always been used. Those trading stamps people use to collect from grocery stores I believe had a whole catalog of things you could buy with them.  There are wonderful books of old collectors' tokens that stores use to mint and give/trade for a certain amount of goods.

But bitcoin have gained really high attention and i don't think other alts can get same movementum within next few years for example. Still 10000 doge means around $3 just enough to buy one pizza.  ;D

And this may remain same for next few years, i don't think doge will be over $1 per doge ever.

there are two problems with this: one of them is that 10,000 for a pizza automatically eliminates most of the altcoins because 10K of those altcoins would be worth less than $1 :D

the other things is that people are holding those coins to sell after the pump and earn profit, nobody is thinking about keeping or using those coins!

*nice topic, i liked it.

i think it's the total opposite. tons of people are desperate for their alts to show that someone out there beyond yobit is actually using them.

there's nothing to stop anyone using an actively traded coin to pay for something. only thing is it'll probably be instantly traded for bitcoin in the same way that the bitcoin might be traded for dollars.

it's totally possible but kinda pointless.

Why not? Run with automation which mean just put the exact value about the pizza price and it will auto generate how many such coin will need to buy pizza.
This alt coin you may think different about the alt implementation with real coin such as pennies. :D

I'm more than willing to spend to spend 10,000 of my altcoins but I doubt if there's a taker,some of the altcoins I'm holding right now is not even equivalent to $2 fiat,there's a coin named pizzacoin but even that coin cannot order a pizza because of it's low value in the market.

There so much alt Coins where 10.000 Coins not even worth a Pizza maybe the Cheese off it :P

I have a few coins that I would gladly give 10,000 for a pizza.
(Sometimes I spend a few minutes on Yobit in the 'free coins' section.)

Also, the thing to remember about the guy who spent 10,000 BTC for a pizza-
If he didn't do that, would Bitcoin be worth $700 today?
That story generated so much news. I know it was the first time I heard about this "magic internet money".

The pizza sold for 10 000 bitcoin wasn't "a merchant with infrastructure" either, I think.

With bitcoin everything was slightly different back then, it was a first of its kind effort to buy something real for 'virtual' currency.
I doubt that buying something with altcoin today will have the same marketing effect - why use it for it altcoin XX when you can do this with BTC?

There is a network of people who their trade art with each other in the mail.  The only cost is for supplies and postage.  The same thing could be done with lesser altcoins.  One could set up a trading network with other holders.  Trade 50,000 Pizzacoins for 50,000 of your coin.

Also, one could sell digital products for "free" for some altcoins.  It could be agreed that instead of real dollar values that one previously had on their items, one could trade them at a pre-defined discount price by the intellectual property holder, like 40% of fiat value of the item is all you'll have to receive in an altcoin value, or even 20% to encourage altcoin use.  I believe that intelligent generosity more often leads to prosperity than stinginess (although some rich people seem to be proving the opposite, maybe it's a calculated generosity/stinginess ratio).   

OK is there already one if there is,I'm going to order pizza every day using my 1 to 2 sats coin stored here in my computer,I don't think it can be duplicated,it is just a stroke of luck,the guy is just so lucky it's like hitting a lottery .

I would spend 10k Doge for a pizza :D

What coins are you willing to spend?

Have used Gulden (NLG) quite some times in the past to buy Fast food (not only pizza's).

It would really depend what alt coins you were talking about and how they compare to BitCoins price when 10k of them could buy a Pizza.

Countries where you can buy anything with altcoins are soooo limited in number ::)
People in my country don't even know about bitcoin not to talk of an altcoin.

10,000 XMR for a pizza at current exchange rates makes for a very expensive pizza.

This brings up a fundamental problem of altcoins in general...no one who makes pizza is going to want to accept some shitty shitcoin.  Even 10,000 of them.  Not Dominos, Papa John's, Pizza Hut, or any of my local pizza places.  I'd be happy to spend some DOGE or whatever to buy pizza and breadsticks.  Tell Dominos!!

The pizza maker doesn't have to accept altcoins.  I accept the altcoins from the person who trusts me for the deal.  I essentially convert it into fiat in value, and I call the pizza maker and have them deliver a person to that person's snail mail address.

You mean about to be a middleman between of them? It is too far from speculation about spend the direct to the pizza maker.

Now there are many cryptocurrencies compared to 2010. Unless the pizza seller is trading with his friend, I don't see any reason why he/she will accept altcoins when he/she can accept cash or bitcoin.
Altcoins are very unstable and the seller will choose not to accept them unlike 6 years ago when there are only a few coins.

even if someone wanted to spend 10,000 of their altcoins to buy a pizza like that bitcoin guy who did this once, nobody is going to accept it because even back then you could easily sell your bitcoins to fiat on an exchange and get the money but with altcoins you have to sell to bitcoin then withdraw to another exchange and sell to fiat ....

Back then,there's only bitcoin and what they did was experimental,the guy is curious on Bitcoin but now with almost 1000 altcoins in the market I doubt if any pizza maker or establishment will accept 10000 doge,or coins worth 5 to 20 sats,but if it's ethereum it's a different story.

In my humble opinion, not everyone would want to buy pizza or anything with 10,000 coins. They don't want to be the guy who decided to by pizza for 10,000 bitcoin in the coming years.

Well, may be a whale or the developers of a coin might do it just to create a hype or to get attention of the market.
Lot of artificial pumps available these days