Bitcoin Forum

Economy => Speculation => Topic started by: Viceroy on April 16, 2013, 01:36:27 PM



Title: BUY BUY BUY!
Post by: Viceroy on April 16, 2013, 01:36:27 PM
OMG, They news is out... now Bitcoin will REALLY take off... 

Buy before the drunks get in! (http://www.popsci.com/technology/article/2013-04/how-order-beer-bitcoins)






Title: Re: BUY BUY BUY!
Post by: superside on April 16, 2013, 01:39:08 PM
omg. Bitcoin has a future!


Title: Re: BUY BUY BUY!
Post by: b!z on April 16, 2013, 01:39:28 PM
OMG, They news is out... now Bitcoin will REALLY take off... 

Buy before the drunks get in! (http://www.popsci.com/technology/article/2013-04/how-order-beer-bitcoins)






Drug addicts have already gotten in, drunks dont matter


Title: Re: BUY BUY BUY!
Post by: Wuji on April 16, 2013, 01:42:16 PM
From the article...

Quote
That drink and snack runs $25, or, at the time of writing, 0.16727979744996774 Bitcoins (BTC). What does the bartender say? "That'll be zero point one six seven two seven nine seven nine..."?

The obvious answer is we ignore where the decimal goes and we call it 1.6728 Bitcoins.  People always modify how things work to make them convenient and make sense for them.  This is such a trivial non-issue than people make it into.  This has happens in foreign countries when money is suddenly 1 Billion to each US dollar.  They simply reset and a Billion is now a dollar again.  I saw it happen with Peso's in the 1980s.  I can remember when it was 1 to 1 and less than a decade later 10,000 to 1.  They just reset the value back to 1 to 1 again and let inflation keep on rising due to their corruption.


Title: Re: BUY BUY BUY!
Post by: dg2010 on April 16, 2013, 01:45:54 PM
From the article...

Quote
That drink and snack runs $25, or, at the time of writing, 0.16727979744996774 Bitcoins (BTC). What does the bartender say? "That'll be zero point one six seven two seven nine seven nine..."?

The obvious answer is we ignore where the decimal goes and we call it 1.6728 Bitcoins.  People always modify how things work to make them convenient and make sense for them.  This is such a trivial non-issue than people make it into.  This has happens in foreign countries when money is suddenly 1 Billion to each US dollar.  They simply reset and a Billion is now a dollar again.  I saw it happen with Peso's in the 1980s.  I can remember when it was 1 to 1 and less than a decade later 10,000 to 1.  They just reset the value back to 1 to 1 again and let inflation keep on rising due to their corruption.

Except if you live in Nigeria in which case a goat will cost you about a million dollars.


Title: Re: BUY BUY BUY!
Post by: Viceroy on April 16, 2013, 01:47:04 PM
Drug addicts have already gotten in, drunks dont matter

As a person who lives in Colorado and spent time at Penn State I can tell that there are WAY more drunks than drug takers.  In Colorado where we just voted to legalize weed some 1.44% of the population is registered to purchase/hold medical marijuana.  Imagine if only 1.44% of the population drank, oh what a wonderful world...   this poll indicates that 70% of the population drinks regularly (http://www.gallup.com/poll/141656/drinking-rate-edges-slightly-year-high.aspx).


Title: Re: BUY BUY BUY!
Post by: Wuji on April 16, 2013, 01:47:54 PM
Quote
Interestingly, Hudson Eatery no longer accepts Bitcoin. "It's very difficult to work with as an end user, like a restaurant owner," he said. "There's no easy way for me to take Bitcoins from a customer." He acknowledged that it was "awkward" to talk about 0.004 Bitcoins, or whatever, but from a practical perspective was more hampered by the problem of logging into the customer's account, then the restaurant's account, then transferring data. "It's not just like swiping a credit card," he said.

Also from the article for you short term speculators.


Title: Re: BUY BUY BUY!
Post by: Viceroy on April 16, 2013, 01:52:40 PM
Quote
Interestingly, Hudson Eatery no longer accepts Bitcoin. "It's very difficult to work with as an end user, like a restaurant owner," he said. "There's no easy way for me to take Bitcoins from a customer." He acknowledged that it was "awkward" to talk about 0.004 Bitcoins, or whatever, but from a practical perspective was more hampered by the problem of logging into the customer's account, then the restaurant's account, then transferring data. "It's not just like swiping a credit card," he said.

Also from the article for you short term speculators.

As a typical American I can tell you that I do not normally pay much attention at a cash register.  I just swipe my card and punch my code.  So what you are saying is the thing that will REALLY make bitcoin take off is having a bitcoin-charge-card just like a visa.