No one wants to spend 10,000 of their Altcoins for a Pizza

[Snorek]

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.

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."

[1714118425]

1714118425

[paramind22]

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.

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.

[amacar2]

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. 

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

[Red-Apple]

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.   

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

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.

[European Central Bank]

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.

[VanDeinsberg12]

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.  

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.

[robelneo]

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.  

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.

[dArkjON]

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

[Shiroslullaby]

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".

[dinofelis]

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

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

[Snorek]

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

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?

[paramind22]

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).   

[aioc]

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 .

[Omura]

I would spend 10k Doge for a pizza

[paramind22]

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 .

What coins are you willing to spend?

[BioMike]

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

[Pine Cone Scent]

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.

[Dassi]

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.

[ArticMine]

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

[The Sceptical Chymist]

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!!