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Author Topic: When can we buy fried chickens with bitcoin.  (Read 1758 times)
groll (OP)
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July 04, 2016, 04:46:40 AM
 #1

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.
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July 04, 2016, 04:49:30 AM
 #2

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.

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July 04, 2016, 05:20:36 AM
 #3

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.
groll (OP)
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July 04, 2016, 05:28:49 AM
 #4

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.

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.
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July 04, 2016, 05:55:03 AM
 #5

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.

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^

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July 04, 2016, 06:05:18 AM
 #6

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.

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.

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July 04, 2016, 06:29:38 AM
 #7

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/
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July 04, 2016, 06:39:03 AM
 #8

i think online transaction is not that much trustable here so we must convert it to real money
Maesters1-
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July 04, 2016, 06:53:19 AM
 #9

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.
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July 04, 2016, 06:54:59 AM
 #10

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.

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.



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 Smiley
 

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July 04, 2016, 08:00:29 AM
 #11

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. 😂😂😂
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July 04, 2016, 10:36:54 AM
 #12

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.


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
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July 04, 2016, 10:42:48 AM
 #13

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. 😂😂😂
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.
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July 04, 2016, 10:43:58 AM
 #14

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.
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.
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 Smiley

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 DO NOT TRADE OR ACT AS ESCROW ON THIS FORUM EVER.
Please do your own research & respect what is written here as both opinion & information gleaned from experience. many people replying with insults but no on-topic content substance, automatically are 'facepalmed' and yawned at
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July 04, 2016, 10:54:29 AM
 #15

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 Wink

Weak hands have been complaining about missing out ever since bitcoin was $1 and never buy the dip.
Whales are those who keep buying the dip.
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July 04, 2016, 11:01:10 AM
 #16

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

 
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July 04, 2016, 11:03:13 AM
 #17

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.

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.

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July 04, 2016, 11:05:21 AM
 #18

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

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

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July 04, 2016, 11:08:17 AM
 #19

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

I DO NOT TRADE OR ACT AS ESCROW ON THIS FORUM EVER.
Please do your own research & respect what is written here as both opinion & information gleaned from experience. many people replying with insults but no on-topic content substance, automatically are 'facepalmed' and yawned at
DoublerHunter
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July 04, 2016, 11:16:16 AM
 #20

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.
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.
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