If confirmation takes 10 minutes, how will I buy coffee at Starbucks?

[mco65]

For most, that is damn near impossible... I don't know of any independent coffee shops near me that take BTC. In fact, i don't know of any brick and mortar stores near me that do. To date, i have only been able to use BTC online.

[hilariousandco]

For most, that is damn near impossible... I don't know of any independent coffee shops near me that take BTC. In fact, i don't know of any brick and mortar stores near me that do. To date, i have only been able to use BTC online.

It's early days yet. Plus, you'll only be aware of them if you go in. Some stores that accept them don't even state they do or explicitly advertise the fact. Let's see how many stores start accepting them in 2014 - I think you'll be surprised. It'll also be much easier to get smaller independent entrepreneurial shops to experiment with accepting them as opposed to big corporations. I'll probably buy a coffee with BTC the first place I see that accepts them just to try it out and encourage it's use.

[pand70]

For most, that is damn near impossible... I don't know of any independent coffee shops near me that take BTC. In fact, i don't know of any brick and mortar stores near me that do. To date, i have only been able to use BTC online.

I don't know of anyone that knows what bitcoin is. I have only been able to find people that know about bitcoin online.
What does this mean? That bitcoin is impossible?  

[DeathAndTaxes]

Don't use Starbucks; find a independent coffeeshop that takes bitcoin and support them instead!

If starbucks start accepting bitcoins the price will double in a day.

I really doubt it double in a day. I'm sure it'll raise the price and profile of BTC, but double it is a bit extreme.

Agreed.  Bitcoin isn't some tiny experiment where the money supply is worth a few million anymore.  There is pretty much no event that could cause it to double in on day.  Likewise the only events IMHO that could cause it to fall more than 50% in one day anymore are likely catastrophic (massive network wide double spend, 51% attack blocking all transactions, a fatal flaw found in SHA-256, a backdoor found in the ECC curve used by Bitcoin, etc).

[BTCat]

If bitcoin becomes massive, how will I buy a coffee at Starbucks? Will I have to pay with bitcoins and then wait 10/30 minutes before picking up my coffee?

That's an easy one. You simply buy a second coffee.

[pand70]

Don't use Starbucks; find a independent coffeeshop that takes bitcoin and support them instead!

If starbucks start accepting bitcoins the price will double in a day.

I really doubt it double in a day. I'm sure it'll raise the price and profile of BTC, but double it is a bit extreme.

Agreed.  Bitcoin isn't some tiny experiment where the money supply is worth a few million anymore.  There is pretty much no event that could cause it to double in on day.  Likewise the only events IMHO that could cause it to fall more than 50% in one day anymore are likely catastrophic (massive network wide double spend, 51% attack blocking all transactions, a fatal flaw found in SHA-256, a backdoor found in the ECC curve used by Bitcoin, etc).

Yet bitcoin lost 50% of its value in 1 day because baidu removed it from it's homepage. Were you saying back then that this was a no event either?

[DeathAndTaxes]

Yeah that didn't happen in 1 day.

http://bitcoincharts.com/charts/mtgoxUSD#rg30zigDailyztgSzm1g10zm2g25zv