You will be able, slowly, to pay one bitcoin for 25000 pizza. Any other opinion?

[ifinta]

Today's price ONLY (!!!!) ~10000 pizza / Bitcoin... (( since LONG time, I don't had time for this 'No' Money ticker... sorry   We have an IEO just now - see in my signature below!!!! Please, support US! ))

The all time high ~10000 pizza / Bitcoin (JUST in this days - April 2021).
The all time low 1/25000 pizza / Bitcoin ( I don't know the Date - please post it, many thanks )

My all time low was 0.4 pizza / Bitcoin in November 2011 (You can post YOUR all time high and low for a PIZZA agains Bitcoin Many thanks for posts...)

All time highest estimation for our 'No' Ticker for BITCOIN is ~166667 PIZZA / Bitcoin

Pizzerias ( offering MARGARITA 30-35 cm pizza as STANDARD pizza ((not for bitcoin, but You should HAVE debit card's... Or? / Bitcoin ticker pizzas - which was well tested by me ):

La'Coma (Hungary, Dunakeszi): https://lacoma.hu/etlap/kategoria/pizzak-es-feltetek
Toto' ((Toto' Sapori - in the Gasometer! Top service!!!!)) (Vienna): https://www.totosapori.at/colofon
Pizza Mamma (Hungary, Dunakeszi): http://pizzamamma.hu/

Not a Pizza, but some goods, meal, what I like to eat - in Dunakeszi of course - and a ratio between Pizza and Element...

Hungary (Dunakeszi): The BEST Burger in the EU, maybe also the BEST in the whole World!!! ~ 1:1

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[ifinta]

The original first post...

...

You will be able to pay 25000 Pizza for a bitcoin... Or?
...

...

[ifinta]

I would like establish a new type of ticker -
with not a fiat (i.e. USD) for a crypto (i.e. as here - agains Bitcoin) but with a well known product. PIZZA here i.e.

N PIZZA / BITCOIN

I named thys type of ticker 'No' Ticker - please see, because the name of the type of ticker, this post also:

Kisses - in physically form - are universally accepted - we hope Or?

((we did a little seaching on the web... Try google: kiss pictures))



and we would like remain with Vortexledger (ledger for barter) local and segmented, maybe offline sometimes... ((offline first db...))
It will be No Money on top of No DB No General, No Global something - it will be used, if needed, a well known local and tokenized thing (i.e. water, milk, apple, working hour's of a local carpenter, lawyer, teacher, ...) 

Many things will be tokenized. You can "pay" i.e. with your tokenized working hours at your post in your village

what a great idea but im still in doubt how a cashless society functions without universally accepted mode of transfer of assets?

And our ticker will be posted as second post in this thread (please be patient - I post it not periodically - but I will post as I a little time got for such purpose...
You can do it also - please post the prices, as you see...):

Today's price (in La Coma in Dunakeszi, in Hungary ~6 USD / pizza if you buy three pieces at once...) ~660 pizza / Bitcoin...

The all time high ~3300 pizza / Bitcoin (December 2017).
The all time low 1/25000 pizza / Bitcoin ( I don't know the Date - please post it, many thanks )

My all time low was 0.4 pizza / Bitcoin in November 2011 (You can post YOUR all time high and low for a PIZZA agains Bitcoin Many thanks for posts...

[ifinta]

The today's values...

Today's price (in La Coma in Dunakeszi, in Hungary ~6 USD / pizza if you buy three pieces at once...) ~660 pizza / Bitcoin...

The all time high ~3300 pizza / Bitcoin (December 2017).
The all time low 1/25000 pizza / Bitcoin ( I don't know the Date - please post it, many thanks )

My all time low was 0.4 pizza / Bitcoin in November 2011 (You can post YOUR all time high and low for a PIZZA agains Bitcoin Many thanks for posts...

All time highest estimation for our 'No' Ticker for BITCOIN is ~166667 PIZZA / Bitcoin

(( How many people living in your city?
   How many people can you invite for a pizza later, if you buy today as many Bitcoin's as many at this time enough for 5 PIZZA?
   Please post it... Many thanks... ))

[AuroraHF]

If one pizza is $5 then that would make BTC worth $125000. One can hope.

[ifinta]

FYI

Today's price ~594 pizza / Bitcoin...

The all time high ~3300 pizza / Bitcoin (December 2017).
The all time low 1/25000 pizza / Bitcoin ( I don't know the Date - please post it, many thanks )

My all time low was 0.4 pizza / Bitcoin in November 2011 (You can post YOUR all time high and low for a PIZZA agains Bitcoin Many thanks for posts...

All time highest estimation for our 'No' Ticker for BITCOIN is ~166667 PIZZA / Bitcoin

[ifinta]

FYI

Today's price ~580 pizza / Bitcoin...

The all time high ~3300 pizza / Bitcoin (December 2017).
The all time low 1/25000 pizza / Bitcoin ( I don't know the Date - please post it, many thanks )

My all time low was 0.4 pizza / Bitcoin in November 2011 (You can post YOUR all time high and low for a PIZZA agains Bitcoin Many thanks for posts...

All time highest estimation for our 'No' Ticker for BITCOIN is ~166667 PIZZA / Bitcoin

[STT]

So you will update this regularly every day.   Its just confusing the quote has another date on there as well.  

This idea isnt unprecedented, there is a McDonalds 'bigmac' index to show global inflation (run by the economist?) and variation in food costs worldwide over time.     What we need here is a standard measure of pizza, the size of it and I presume we'd just be ordering the basic cheese and tomato that is traditional and recognised in every country ?

The reason this is not a silly idea, actually would be useful is that a pizza is a measure of inflation in of itself.   Food costs are essential to society and reflect costs in an economy.    Part of the Arab spring uprisings was about the cost of bread in Egypt I believe, which was to do with variation in currency pricings after the 2008 crisis or thats how I remember it.   Food is a common cost across a nation and not one that can be easily ignored or disputed.

Bitcoin hopefully is relevant even to the smallest food transactions and is efficient enough to deal with them, maybe even help facilitate trade over a failing currency standard, Venezuela being one current example thats led to starving people apparently




https://www.economist.com/news/2019/01/10/the-big-mac-index
https://en.wikipedia.org/wiki/Big_Mac_Index

[ifinta]

So you will update this regularly every day.   Its just confusing the quote has another date on there as well.  

This idea isnt unprecedented, there is a McDonalds 'bigmac' index to show global inflation (run by the economist?) and variation in food costs worldwide over time.     What we need here is a standard measure of pizza, the size of it and I presume we'd just be ordering the basic cheese and tomato that is traditional and recognised in every country ?

The reason this is not a silly idea, actually would be useful is that a pizza is a measure of inflation in of itself.   Food costs are essential to society and reflect costs in an economy.    Part of the Arab spring uprisings was about the cost of bread in Egypt I believe, which was to do with variation in currency pricings after the 2008 crisis or thats how I remember it.   Food is a common cost across a nation and not one that can be easily ignored or disputed.

Bitcoin hopefully is relevant even to the smallest food transactions and is efficient enough to deal with them, maybe even help facilitate trade over a failing currency standard, Venezuela being one current example thats led to starving people apparently




https://www.economist.com/news/2019/01/10/the-big-mac-index
https://en.wikipedia.org/wiki/Big_Mac_Index

What I tryed to establish a poll - but it was deleted later... I showed many possibilities - i.e. "x liter Milk / 1t steel" . And I asked - which ticker has more information about economy......

It was a compare between bitcoin ledger and vortex ledger (or more...)
please see the ann thread of vortexledger:
https://bitcointalk.org/index.php?topic=4392525.0

Many thanks for your contribution...

A reply of yours, quoted below, was deleted by a Bitcoin Forum moderator. Posts are most frequently deleted because they are off-topic, though they can also be deleted for other reasons. In the future, please avoid posting things that need to be deleted.

If one pizza is $5 then that would make BTC worth $125000. One can hope.

If we see: In Hungary was a 0.1 liter milk 0.1 HUF ((around 1972?)) we see the value of HUF and don't the value of 0.1 liter milk...
I think PIZZA / BITCOIN a better ticker as USD / BITCOIN in such way...

If somebody hear: it was 1 PIZZA sold for 25000 Bitcoins - every people can taste it - what a market value Bitcoin had... Not a need to know - what a USD price this PIZZA had!

Milk is - maybe - a better ticker? Or trink-water? (in some countries already - in Hungary - it is free at this time) Or air? (it has a value in Mars - and maybe in some cities in our globe also...)

I don't think - it was off topic the post above... It is about the economy of bitcoin, compared to other possible types of an economy - through tickers.
If somebody don't take critique well - I can't do anything to weak up a such community. I see it was centralised. Yes - the bitcointalk.org was a loose organisation of many different people,
and just I feel it is centralised - nobody give feedback, if somebody gives new ideas. It will be deleted - without a discussion.

[Kevin77]

Do you believe or not, but there are plenty of chances for bitcoin to get $500 Million value in next 30 to 50 years of time.
Now please tell me, how many pizza you may able to buy for a bitcoin ? Now, people will ask, why not $1 Billion value ? It is possible but we cannot estimate any time frame for that.

In next 30-50 years. probably people would have forgot to use the notations like BTC or mBTC as satoshi would be their easier unit to understand price levels better. Hence in 50 years of time, bitcoin may be divisible up to 15 to 20 decimals (probably one satoshi might get divided into another 8 decimals). I may sound wired, but this is the practical one and will happen.

By the way, what is the price of one "usual/common flavored" pizza in your country ?

[ifinta]

Do you believe or not, but there are plenty of chances for bitcoin to get $500 Million value in next 30 to 50 years of time.
Now please tell me, how many pizza you may able to buy for a bitcoin ? Now, people will ask, why not $1 Billion value ? It is possible but we cannot estimate any time frame for that.

In next 30-50 years. probably people would have forgot to use the notations like BTC or mBTC as satoshi would be their easier unit to understand price levels better. Hence in 50 years of time, bitcoin may be divisible up to 15 to 20 decimals (probably one satoshi might get divided into another 8 decimals). I may sound wired, but this is the practical one and will happen.

By the way, what is the price of one "usual/common flavored" pizza in your country ?

I think the number in Pizza less as the number in USD. The value of 1 Bitcoin of course... USD has an inflation. Pizza (because the more people and less living environment) has a deflation agains USD.
And I think also agains bitcoin! In long run.
And a Pizza costs in Hungary - as I wrote in the first post

[ifinta]

Do you believe or not, but there are plenty of chances for bitcoin to get $500 Million value in next 30 to 50 years of time.
Now please tell me, how many pizza you may able to buy for a bitcoin ? Now, people will ask, why not $1 Billion value ? It is possible but we cannot estimate any time frame for that.

In next 30-50 years. probably people would have forgot to use the notations like BTC or mBTC as satoshi would be their easier unit to understand price levels better. Hence in 50 years of time, bitcoin may be divisible up to 15 to 20 decimals (probably one satoshi might get divided into another 8 decimals). I may sound wired, but this is the practical one and will happen.

By the way, what is the price of one "usual/common flavored" pizza in your country ?

I think the number in Pizza less as the number in USD. The value of 1 Bitcoin of course... USD has an inflation. Pizza (because the more people and less living environment) has a deflation agains USD.
And I think also agains bitcoin! In long run.
And a Pizza costs in Hungary - as I wrote in the first post

And a Pizza in Milk (i.e. in deciliter) - should be remain aproximently the same!

[ifinta]

Do you believe or not, but there are plenty of chances for bitcoin to get $500 Million value in next 30 to 50 years of time.
Now please tell me, how many pizza you may able to buy for a bitcoin ? Now, people will ask, why not $1 Billion value ? It is possible but we cannot estimate any time frame for that.

In next 30-50 years. probably people would have forgot to use the notations like BTC or mBTC as satoshi would be their easier unit to understand price levels better. Hence in 50 years of time, bitcoin may be divisible up to 15 to 20 decimals (probably one satoshi might get divided into another 8 decimals). I may sound wired, but this is the practical one and will happen.

By the way, what is the price of one "usual/common flavored" pizza in your country ?

I think the number in Pizza less as the number in USD. The value of 1 Bitcoin of course... USD has an inflation. Pizza (because the more people and less living environment) has a deflation agains USD.
And I think also agains bitcoin! In long run.
And a Pizza costs in Hungary - as I wrote in the first post

And a Pizza in Milk (i.e. in deciliter) - should be remain aproximently the same!

And we will consider - the living environment (i.e. bees) important for us. It isn't replaceable - if it was lost.

[Kakmakr]

Ok, so how much would that pizza be, if you bought one when the price of a Bitcoin was $18 000+ in 2017? Also, if you took your monthly fiat budget for food and you converted it into Bitcoin, then your goal was to spend that food budget in that month. So, you had no long-term goals to hoard those coins, to get a higher price for them.

It is like saying, I am drawing $100 from my food budget today and spending it, before it's value goes down to $80 in the near future.  <You still spend $100, no matter what the value would be in the future> 

[ifinta]

Ok, so how much would that pizza be, if you bought one when the price of a Bitcoin was $18 000+ in 2017? Also, if you took your monthly fiat budget for food and you converted it into Bitcoin, then your goal was to spend that food budget in that month. So, you had no long-term goals to hoard those coins, to get a higher price for them.

It is like saying, I am drawing $100 from my food budget today and spending it, before it's value goes down to $80 in the near future.   <You still spend $100, no matter what the value would be in the future>  

I had xapo VISA card. I bought things - I was able to check what it cost. It was a nice list. i.e. I rent a car in Venice, and the card had more balance in USD as before I showed the whole process to the counterman, and he called the bank - what happened Then I had a car, to drive to Hungary and back. Nice.

[ifinta]

Ok, so how much would that pizza be, if you bought one when the price of a Bitcoin was $18 000+ in 2017? Also, if you took your monthly fiat budget for food and you converted it into Bitcoin, then your goal was to spend that food budget in that month. So, you had no long-term goals to hoard those coins, to get a higher price for them.

It is like saying, I am drawing $100 from my food budget today and spending it, before it's value goes down to $80 in the near future.  <You still spend $100, no matter what the value would be in the future> 

And I buyed some Bitcoins, as it was ~2 USD. It meens, I payed for Pizza at end of 2017 USD cents or less...
Today, if you pays for a Pizza with Bitcoins, it a clear lost, if the price just for a minute falls...
The bear market for Bitoin is sad. You lose everythng in minutes.

If the payment based on Milk...... What should I say. It is stable. Very stable. And the people feel - they needs the living enviroment also......

[ifinta]

Ok, so how much would that pizza be, if you bought one when the price of a Bitcoin was $18 000+ in 2017? Also, if you took your monthly fiat budget for food and you converted it into Bitcoin, then your goal was to spend that food budget in that month. So, you had no long-term goals to hoard those coins, to get a higher price for them.

It is like saying, I am drawing $100 from my food budget today and spending it, before it's value goes down to $80 in the near future.  <You still spend $100, no matter what the value would be in the future> 

And I buyed some Bitcoins, as it was ~2 USD. It meens, I payed for Pizza at end of 2017 USD cents or less...
Today, if you pays for a Pizza with Bitcoins, it a clear lost, if the price just for a minute falls...
The bear market for Bitoin is sad. You lose everythng in minutes.

If the payment based on Milk...... What should I say. It is stable. Very stable. And the people feel - they needs the living enviroment also......

The bees... i.e.

[ifinta]

Huhuhuuuuu.... Any opinion about the x bees / Bitcoin ticker? What will have less rarity? In, maybe, years?

[ifinta]

Huhuhuuuuu.... Any opinion about the x bees / Bitcoin ticker? What will have less rarity? In, maybe, years?

Nothing? I can it understand.

[yusupjatigumilar]

I agree with the statement because it is not impossible in the future that bitcoin will reach a price that may be very high compared to the number of pizzas that can be obtained with 1 bitcoin, but to arrive at that point it is possible that there will be many corrections justified the correction but more people will be able to take advantage of this