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Author Topic: Watch cinemas using bitcoin  (Read 1538 times)
eternalgloom
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May 24, 2017, 02:38:26 PM
 #21

Back in 2015 this was big news, but things might have changed a bit since then. I know some merchants who started accepting Bitcoin has stopped, because there were not enough business to support for it. If we want services and merchants to continue supporting Bitcoin, we will have to use Bitcoin for their services.

Can anymore say if they still pay for movies with bitcoins?
I doubt there are a lot of people who use Bitcoin for actual purchases, especially now that volatility is so high and you'd pay a couple of dollars in fees alone.
On the other hand, with prices so high, people might be willing to 'cash out' by making some larger purchases with Bitcoin, in those cases even a fee of a couple of dollars isn't too bad.

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May 24, 2017, 02:43:37 PM
 #22

Back in 2015 this was big news, but things might have changed a bit since then. I know some merchants who started accepting Bitcoin has stopped, because there were not enough business to support for it. If we want services and merchants to continue supporting Bitcoin, we will have to use Bitcoin for their services.

Can anymore say if they still pay for movies with bitcoins?
I doubt there are a lot of people who use Bitcoin for actual purchases, especially now that volatility is so high and you'd pay a couple of dollars in fees alone.
On the other hand, with prices so high, people might be willing to 'cash out' by making some larger purchases with Bitcoin, in those cases even a fee of a couple of dollars isn't too bad.

I would buy movie tickets if they start selling movie tickets for Satoshis not BTC. Seeing the price of BTC, it has gone out of the phase where people will buy things or services from it. It is more of an investment right now, If it reaches 5k$ or 10k$ and gets stabilized then it will be a great currency.

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equator
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May 24, 2017, 02:47:05 PM
 #23

Back in 2015 this was big news, but things might have changed a bit since then. I know some merchants who started accepting Bitcoin has stopped, because there were not enough business to support for it. If we want services and merchants to continue supporting Bitcoin, we will have to use Bitcoin for their services.

Can anymore say if they still pay for movies with bitcoins?
I doubt there are a lot of people who use Bitcoin for actual purchases, especially now that volatility is so high and you'd pay a couple of dollars in fees alone.
On the other hand, with prices so high, people might be willing to 'cash out' by making some larger purchases with Bitcoin, in those cases even a fee of a couple of dollars isn't too bad.

I would buy movie tickets if they start selling movie tickets for Satoshis not BTC. Seeing the price of BTC, it has gone out of the phase where people will buy things or services from it. It is more of an investment right now, If it reaches 5k$ or 10k$ and gets stabilized then it will be a great currency.

Even if the price reach 5k$ or above also until the transaction fees is not got lowered and fast confirmation is not made till then i dont think that no one will buy any thing for bitcoins as the transaction fees itself is high then the movie tickets you are going to purchase. So this idea is waste on the current scenario
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May 24, 2017, 02:49:48 PM
 #24

http://www.coindesk.com/movietickets-com-bitcoin-payments-900-movie-theaters/

Are you from the USA have you already heard of a cinema accepting bitcoins as payment. A post was made by Pete Rizzo at coindesk dated June 15, 2015 saying that Movie Tickets.com will bring bitcoin to over 900 US movie theaters all over the United States. I was glad to read such article but given the date I am not certain if they have already implemented it or the theaters in the USA are already started to accept bitcoins.

Your thoughts on this..
Glad to here that i hope that would be available in our country but i hope it didnt have a so much fees and also not too much price in bitcoin value but this is actually a good thing and one step ahead in the future of bitcoin that will be the mainstream currency in the future for sure.
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May 24, 2017, 02:53:48 PM
 #25

Even if the price reach 5k$ or above also until the transaction fees is not got lowered and fast confirmation is not made till then i dont think that no one will buy any thing for bitcoins as the transaction fees itself is high then the movie tickets you are going to purchase. So this idea is waste on the current scenario

Bitcoin cannot be used for micropayment because of tx fee issue. You will be paying more on fees than what you are purchasing. But this idea is not yet dead. If the scaling issues are resolved, the tx fee will be lowered and this idea can be pursued.
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May 24, 2017, 05:50:01 PM
 #26

http://www.coindesk.com/movietickets-com-bitcoin-payments-900-movie-theaters/

Are you from the USA have you already heard of a cinema accepting bitcoins as payment. A post was made by Pete Rizzo at coindesk dated June 15, 2015 saying that Movie Tickets.com will bring bitcoin to over 900 US movie theaters all over the United States. I was glad to read such article but given the date I am not certain if they have already implemented it or the theaters in the USA are already started to accept bitcoins.

Your thoughts on this..
Glad to here that i hope that would be available in our country but i hope it didnt have a so much fees and also not too much price in bitcoin value but this is actually a good thing and one step ahead in the future of bitcoin that will be the mainstream currency in the future for sure.
I don't know this news is true or fake. Because BTC confirmation is too late and if people buy tickets through bitcoin and the confirmation not done means they will allow us to watch a movie, or they will wait until the confirmation is done. I don't think it will work out. I am not from the USA, and in my country, we don't have this option.
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May 24, 2017, 06:56:41 PM
 #27

I wonder how they will deal with the transactions delays. The can´t force people to buy tickets one week before and they can´t force them to pay high fees. I guess once the transaction is in the blockchain users will be able to watch the movie although the transaction is not confirmed yet. I guess Gocoin will take charge of this. It would be good for them to reach an agreement with some mining pool to put these transactions into a block.
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May 24, 2017, 07:12:20 PM
 #28

I don't think they get it. Bitcoin is not appropriate for micro transactions.

You want to buy a movie ticket for $10 and pay a $3 transaction fee and wait for at least 10 minutes maybe longer for it to confirm? That's your business model? Doh.  Roll Eyes

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May 25, 2017, 05:34:15 AM
 #29

Even if the price reach 5k$ or above also until the transaction fees is not got lowered and fast confirmation is not made till then i dont think that no one will buy any thing for bitcoins as the transaction fees itself is high then the movie tickets you are going to purchase. So this idea is waste on the current scenario

Bitcoin cannot be used for micropayment because of tx fee issue. You will be paying more on fees than what you are purchasing. But this idea is not yet dead. If the scaling issues are resolved, the tx fee will be lowered and this idea can be pursued.

I agree with you, I think the resolution of the scaling issues will put Bitcoin in the right position to be used in a daily basis for micropayments like buying movie tickets, coffee etc.
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May 28, 2017, 07:10:38 AM
 #30

If that would be available in other countries as well, bitcoin usage would definitely have a boost as it is clearly a very good business. I work for a company that is in a lifestyle segment and our malls have cinemas scattered across the nation, and I hope the management would definitely look into crypto currencies as payment options, aside from the now trending entertainment reloadable card that is being accepted.
Using bitcoin in watching cinemas is a good idea for us. I think some mall will accept bitcoin as payment of there costumer. In the near future all market or mall in the world approved bitcoin.Lastly, I agree in that idea.

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May 28, 2017, 08:46:39 AM
 #31

http://www.coindesk.com/movietickets-com-bitcoin-payments-900-movie-theaters/

Are you from the USA have you already heard of a cinema accepting bitcoins as payment. A post was made by Pete Rizzo at coindesk dated June 15, 2015 saying that Movie Tickets.com will bring bitcoin to over 900 US movie theaters all over the United States. I was glad to read such article but given the date I am not certain if they have already implemented it or the theaters in the USA are already started to accept bitcoins.

Your thoughts on this..
Is this true? well I think it is really fun, I hope that our country will have like that so that it is not hard for us to watch movies.  Cheesy
Online or social media now are really powerful and we can make people believes in us even if we didn't really know the truth behind the story but one this is for sure, what you read from that article is really nice and really fun that you can enjoy if its really true.  Grin
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May 28, 2017, 08:50:48 AM
 #32

Even if the price reach 5k$ or above also until the transaction fees is not got lowered and fast confirmation is not made till then i dont think that no one will buy any thing for bitcoins as the transaction fees itself is high then the movie tickets you are going to purchase. So this idea is waste on the current scenario

Bitcoin cannot be used for micropayment because of tx fee issue. You will be paying more on fees than what you are purchasing. But this idea is not yet dead. If the scaling issues are resolved, the tx fee will be lowered and this idea can be pursued.

I agree with you, I think the resolution of the scaling issues will put Bitcoin in the right position to be used in a daily basis for micropayments like buying movie tickets, coffee etc.

Fees are still a problem that hinders the development of bitcoin, at high costs that are not common, and are not used in everyday transactions. However, fees will soon be fixed, which is essential, otherwise, bitcoin may be eliminated. I am waiting for segwit 2mb, it may be good measure to improve the situation.
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May 28, 2017, 12:51:52 PM
 #33

Back in 2015 this was big news, but things might have changed a bit since then. I know some merchants who started accepting Bitcoin has stopped, because there were not enough business to support for it. If we want services and merchants to continue supporting Bitcoin, we will have to use Bitcoin for their services.

Can anymore say if they still pay for movies with bitcoins?

Yes, it's true. Many merchants stopped used Bitcoin because it's not convenient for them, too little people pay using them and because of slow confirmation time.

I guess another problem is that most of us like anonimity and don't want that merchants know they use Bitcoin.
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May 28, 2017, 12:54:53 PM
 #34

Lol, i also think about it is it true that the news is honest, if YES I also want it also exist in my country  Cool Cool Cool

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May 28, 2017, 02:27:52 PM
 #35

If that would be available in other countries as well, bitcoin usage would definitely have a boost as it is clearly a very good business. I work for a company that is in a lifestyle segment and our malls have cinemas scattered across the nation, and I hope the management would definitely look into crypto currencies as payment options, aside from the now trending entertainment reloadable card that is being accepted.
If the management where you are working right now accept bitcoin that is good because many bitcoin users will encourage to watch new movies. And if that happen it may also convince other country to accept bitcoin in cinemas



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May 28, 2017, 02:31:01 PM
 #36

Another step closer to bitcoin acceptance by the regular people. The more deals as such are being made, the better it will be for bitcoin and for the world as well. And after many such news we've seen in the past few months, I am quite hopeful for prosperous future of crypto currencies.
If this will happen. It can lead to boost the power and usage of bitcoin. Many users will be happy when they knew that cinemas accept bitcoin as a payment. Yes its true that this is one of the step for the future of bitcoin.
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May 28, 2017, 02:38:06 PM
 #37

if they still pay for movies with bitcoins?

You can pay for online declamations.

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Pinkris128
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May 28, 2017, 02:40:58 PM
 #38

this is good step for bitcoin, if there are more people that know and use bitcoin it will spread to the world, i hope cinemas in my country can accept bitcoin too especially if can buy ticket online and no need to wait so long to buy ticket in cinema
That will happen if the government in your country accept bitcoin as a currency when it happen. Watching cinemas using bitcoin is not that impossible to happen. I believe that everything will start first if the government will allow and accept bitcoin as a money.
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May 28, 2017, 03:59:39 PM
 #39

this is good step for bitcoin, if there are more people that know and use bitcoin it will spread to the world, i hope cinemas in my country can accept bitcoin too especially if can buy ticket online and no need to wait so long to buy ticket in cinema
That will happen if the government in your country accept bitcoin as a currency when it happen. Watching cinemas using bitcoin is not that impossible to happen. I believe that everything will start first if the government will allow and accept bitcoin as a money.
Your'e right.All changes should start from the government.If it will be allowed to buy and pay through bitcoin,then all good things for bitcoin will surely follow.
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May 28, 2017, 04:09:00 PM
 #40

Yeah but the problem would still be the same...
What about the fees?
A cinema ticket is about 7$. Any tx right now needs a 3$ to go through.
See the problem?

I don't know how BTC can be used to daily purchased but in my opinion it's just not meant to be :/

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