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Author Topic: You will be able, slowly, to pay one bitcoin for 25000 pizza. Any other opinion?  (Read 709 times)
ifinta (OP)
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September 17, 2019, 05:11:27 PM
 #41

Paying for pizza with bitcoin was a long time ago. Bitcoin has moved on. Pizza has moved on.

This pizza costs $12k, and takes 72 hours to produce. Very convenient. No long awkward silence at the counter as you wait for the bitcoin block to be processed. Say goodbye to handing over your 1 bitcoin and having to suffer from millions of satoshis in loose change filling your pockets.





YES. Maybe we should speak about MILK. It is a better standard. Or WATER. Or WHEAT. Or STEEL. Or OIL. But OIL maybe not our future more.
AND YES. Maybe better to speak about MIKL/WHEAT ticker. It is more better, I think. I speaking then about targets of our Vortexledger project.

BUT it is the main Economy section in bitcointalk.org. We speaking PIZZA/BITCOIN ticker here! Please...... Cheesy

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ifinta (OP)
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November 06, 2019, 03:36:33 PM
 #42

FYI..

don't forget this important PIZZA/BITCOIN ticker. PIZZA isn't papirmoney, as USD or EUR... Grin

Today's price ~1560 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 Smiley )

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 Smiley Many thanks for posts...)

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


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November 07, 2019, 07:33:39 PM
 #43

FYI..

don't forget this important PIZZA/BITCOIN ticker. PIZZA isn't papirmoney, as USD or EUR... Grin

Today's price ~1560 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 Smiley )

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 Smiley Many thanks for posts...)

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

That is actually a very nice way to depict the importance and worth of bitcoin. This world is full of pizza lovers and after learning how many pizza’s they can have with one bitcoin will definitely attract them to invest here. To be very honest, this is more interesting than the USD and EUR rates. An innovative way to present the best innovation of this century. With bitcoin we can buy everything we desire to.
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November 25, 2019, 09:48:24 PM
 #44

The ticker was changed... Should we slowly choose i.e. pizza/seele ticker for a better rate? Or pizza/pledge?

Today's price ~1430 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 Smiley )

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 Smiley Many thanks for posts...)

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


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November 25, 2019, 10:39:55 PM
 #45

Looking people who sell their bitcoin to buy pizza right now have frustrated and keep on their mind maybe if I not sell my bitcoin assets with pizza  I have been rich person right now, no one can prediction with become become higher price today although have down likely on 2017, maybe they will lost opportunity with bitcoin become on higher price and always give chance to get much profit with bitcoin and altcoin.

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ifinta (OP)
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March 01, 2020, 05:39:53 PM
 #46

The ticker has changed only with a small amount since January... (today is the price: 1399 PIZZA/Bitcoin ...)

Today's price ~1430 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 Smiley )

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 Smiley Many thanks for posts...)

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


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March 02, 2020, 05:02:13 AM
 #47

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 Cool ?


wait, 500 million in a period of 30-50 years is still too impossible or maybe not.
since the release in 2009 of a price of only a few $ and then rose to thousands it makes the analysis that it might happen, even for another 100 years if indeed people will continue to use bitcoin and crypto.
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March 02, 2020, 06:17:56 AM
 #48

Translating bitcoins into pizza is a bit silly, because everyone lives in different countries, and pizza prices can fluctuate very much, even if we take standard pepperoni or margarita as a reference. Not to mention the fact that their content or weight may also vary.

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ifinta (OP)
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March 02, 2020, 07:11:05 AM
 #49

Translating bitcoins into pizza is a bit silly, because everyone lives in different countries, and pizza prices can fluctuate very much, even if we take standard pepperoni or margarita as a reference. Not to mention the fact that their content or weight may also vary.

But PIZZA is a STANDARD VALUE for us (32cm MARGARITA). It means ~the same at every countries, I think.
I try to compare Bitcoin to a STANDARD VALUE. Maybe MILK would be better Smiley , but PIZZA has already an event in the history of Bitcoin, so I compare it to PIZZA.

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March 02, 2020, 01:58:36 PM
 #50

Translating bitcoins into pizza is a bit silly, because everyone lives in different countries, and pizza prices can fluctuate very much, even if we take standard pepperoni or margarita as a reference. Not to mention the fact that their content or weight may also vary.

But PIZZA is a STANDARD VALUE for us (32cm MARGARITA). It means ~the same at every countries, I think.
I try to compare Bitcoin to a STANDARD VALUE. Maybe MILK would be better Smiley , but PIZZA has already an event in the history of Bitcoin, so I compare it to PIZZA.
So Pizza is the standard value on you guys? when did it become ? I'm sure for western countries this is a thing but how about us for other the part? haha lol. But I agree pizza are being valued to bitcoin since there are old guys who used to compare it and the other just followed. Plus pizza is shaped like a pie ( pie chart ) should we call it the pizza chart then? I like the depiction of the price tho very clever and easy to remember  Grin
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March 02, 2020, 05:05:51 PM
 #51

LOL. This idea is awesome, bitcoin per pizza is a great idea (or pizza per per bitcoin) it is actually a lot more than just a funny anecdote or whatever. This allows you to calculate both bitcoins increase but also it takes an average of what the buying power as well.

When you calculate it with dollars you are forgetting that there is an inflation and that equals to your dollar losing value over time and when your dollar loses value over time if bitcoin goes up it doesn't make any sense since it is definitely equaling the loss of value to gain of value of bitcoin. In the end when you calculate it with pizza it is a much better option and you see your power of buying and how it compares.

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March 03, 2020, 07:38:54 AM
 #52

Translating bitcoins into pizza is a bit silly, because everyone lives in different countries, and pizza prices can fluctuate very much, even if we take standard pepperoni or margarita as a reference. Not to mention the fact that their content or weight may also vary.

But PIZZA is a STANDARD VALUE for us (32cm MARGARITA). It means ~the same at every countries, I think.
I try to compare Bitcoin to a STANDARD VALUE. Maybe MILK would be better Smiley , but PIZZA has already an event in the history of Bitcoin, so I compare it to PIZZA.
Right now, for fun, I went to a pizzeria in my city. 32 cm pizzas, as you indicated, are not offered in any of them, they offer sizes of 35.45 and 55 cm. There is already a difference, moreover, we are not talking about weight and filling (they may vary in size or quality of products) . Therefore, the evaluation of something in pizza, well, very much for an amateur.

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March 03, 2020, 06:10:43 PM
Last edit: March 03, 2020, 08:10:07 PM by ifinta
 #53

Translating bitcoins into pizza is a bit silly, because everyone lives in different countries, and pizza prices can fluctuate very much, even if we take standard pepperoni or margarita as a reference. Not to mention the fact that their content or weight may also vary.

But PIZZA is a STANDARD VALUE for us (32cm MARGARITA). It means ~the same at every countries, I think.
I try to compare Bitcoin to a STANDARD VALUE. Maybe MILK would be better Smiley , but PIZZA has already an event in the history of Bitcoin, so I compare it to PIZZA.
Right now, for fun, I went to a pizzeria in my city. 32 cm pizzas, as you indicated, are not offered in any of them, they offer sizes of 35.45 and 55 cm. There is already a difference, moreover, we are not talking about weight and filling (they may vary in size or quality of products) . Therefore, the evaluation of something in pizza, well, very much for an amateur.

Smiley Yes, I wrote, MILK would be - MAYBE - better... Please see above. Maybe you should say to your Pizzeria - 30-35 cm is the Bitcoin STANDARD size (selected by ifinta), they should for type - MARGARETA also offer pizzas in 30-35 cm size, if they would be listed in this thread Wink I list our Pizzeria, La Coma in the OP. We can extend the list - in every day, as is needs. ((I changed the size: 32 cm => 30 - 35 cm))

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March 04, 2020, 08:30:56 AM
 #54

At the current price, I can easily get 1600-2000 pizzas (the average pizza here Coss around $5 and taking the average price of Bitcoin to be $10000) and hence I don't think it will take really long when we can get five figure pizza amounts in only one Bitcoin lol. Still wonder, someone paid 10000 bitcoins for 1 pizza. It equals to 20000000 pizza in today's price xD
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March 06, 2020, 05:07:26 PM
 #55

Lol LMAO Huh this is true meehn, as times goes you will be able to buy up the whole Pizza in a Pizza store with Bitcoin lol.
The price is really going up and I’m just wondering what’s going to happen after the next Halving that will be taking place on May. The price has been increasing recently after a fall back to around $8,000 price rate.

Today the price has gone from $8,700 to over $9,100. I’m looking forward to further up movement from bitcoin. And then I can’t really wait for the month of May, I just can’t wait meehn, I hope that things happen for the better because know that there are people who are waiting for that as an opportunity to say some trash.

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fiulpro
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March 07, 2020, 08:36:19 AM
 #56

Why would you use pizza as a method of comparison?
Bitcoins is not a food coupon . There are more things that you can do with the help of bitcoins 🙄😂.
Yes maybe you are trying to explain the increasing prices indirectly using some fixed ratio between bitcoins and pizza , but price fluctuates in every place every county therefore it cannot be a standard method of comparison.
You could choose something more substantial like dollars which is fixed more or so and doesn't change that much over time

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...#EndTheFUD...
ifinta (OP)
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March 07, 2020, 01:13:40 PM
 #57

Why would you use pizza as a method of comparison?
Bitcoins is not a food coupon . There are more things that you can do with the help of bitcoins 🙄😂.
Yes maybe you are trying to explain the increasing prices indirectly using some fixed ratio between bitcoins and pizza , but price fluctuates in every place every county therefore it cannot be a standard method of comparison.
You could choose something more substantial like dollars which is fixed more or so and doesn't change that much over time

I don't want to use dollar or gold, or similar traditional payment base. It exists many ticker between bitcoin and dollar. I choose pizza, because pizza had some history in the early phase of bitcoin network. I think, it is an opportunity to speak about the need of a money. Bitcoin was the first decentralized money - without central-bank. A step to a new kind of economy - with private "moneys" or better with "tokenized things" as a base for payments. Or mixed.

Our economy at this time has billions of tickers. Tickers for conversion-rates for different currencies, tickers for company shares, ticker for different raw-materials. We living in a world of billions tickers.
I think it would be better, not to using money, but tickers - between different goods. We have for a such reason a good IT infrastructure already.

i.e. Someone has some tokenized Milk on a payment card. She / he going to a pizzeria and buying some pizzas with some Milk-token.

Of course it is a need to have a standardized and well regulated process to tokenize something, but I study at this time this possible new kind of economy, and we started a project to solve this problem later.
A possible form to solve problems for a such economy is an open ledger - as we name it in our project - the Vortexledger. We have some plans, and we study the best ledgers on the market, as i.e. Bitcoin. We chose OByte Ledger at this time to experience with an asset and smart contracts in our project: Charm . We are a small development team, we should update our earlier posts, pages also, we have very constrained liquid resources at this time, but we are before a release.

ifinta (OP)
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March 11, 2020, 01:32:22 PM
 #58

A new place was listed - the BB in the whole WORLD! Just taste it!
Dorothy checked it also. Oz visited it also, and Anonymvs here a daily guest. Just to know.

Today's price ~1399 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 Smiley )

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 Smiley 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 / Bitcoin ticker pizzas):

Hungary (Dunakeszi): https://lacoma.hu/etlap/kategoria/pizzak-es-feltetek

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

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


Ucy
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March 11, 2020, 03:01:56 PM
 #59

I wonder how long pizza last.
People could start hoarding pizzas and they rot away without good preservation. And hoarding could cause the price of pizza to go up.
Things like this would work well with foods that are healthy and abundant in supply. Food that anyone could easily produce. Producer would just safely dehydrate/dry them without losing the nutrients, make them a little more attractive or tasty, then store somewhere safe and gradually begin to sell the excess. The foods should be able to last very long.
tbterryboy
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March 13, 2020, 08:26:24 AM
 #60

The market has been quite unstable recently and a lot of people are being discouraged and I have also seen a lot of bad news. The media is fond of fueling every bad event that takes place in the Bitcoin community and they just start adding extra bad news and things that would discourage a lot of investors.

The price of Bitcoin went from $4k to over $13k and they never rushed to say anything good about Bitcoin, they kept mute, but just this little fall back in price and they have started spreading news that would discourage more investors and cause Bitcoin to keep falling. Funny set of people, they will soon be shamed when Bitcoin starts to climb to a very high price.
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