Buy Pizza with Bitcoin through Lightning Network

[Unblock_news]

People residing in United States can now use their Bitcoins (BTC) to purchase Domino’s pizza through Lightning Pizza app.


Read more here: https://www.unblock.news/news/buy-pizza-with-bitcoin-through-lightning-network

[1714893859]

1714893859

[1714893859]

1714893859

[1714893859]

1714893859

[1714893859]

1714893859

[1714893859]

1714893859

[blockman]

This is just the start and most people doesn't see this improvement that bitcoin is getting. Cheaper fees and faster transactions and sooner or later we're going to be able to buy almost everything with bitcoin through Lightning Network.

It's just a matter of time.

[ChrisPop]

It's great to see that the Lightning Network slowly gets implemented around the world. Twitter allowing users to tip will hopefully create a snowball effect and more and more companies and especially brick and mortar businesses will allow people to instantly pay with bitcoin.

[franky1]

This is just the start and most people doesn't see this improvement that bitcoin is getting. Cheaper fees and faster transactions and sooner or later we're going to be able to buy almost everything with bitcoin through Lightning Network.

It's just a matter of time.

whats not said by the OP's link is that the 150 orders taken is based on the fact that 1500 orders tried, but only 150 succeeded, with fold saying the issue was due to lightning. 10% success rate..

imagine if bitcoin (not LN 12 decimal pegged payments) but the actual bitcoin network(8 decimal tx's) only had 10% success rate

[mk4]

You gotta keep up Mr Unblock_News. News was 5 days ago, and this has already been discussed here on bitcointalk: https://bitcointalk.org/index.php?topic=5109930.0

[mrdeposit]

Reading these kinds of news every day shows that adoption has been moving at incredible speed. As a matter of fact, I had doubts about how Bitcoin will be accepted, but these innovations are compel me to think ''will it be accepted?''. But it is strange that decentralized money is used as main money.

[Wind_FURY]

This is just the start and most people doesn't see this improvement that bitcoin is getting. Cheaper fees and faster transactions and sooner or later we're going to be able to buy almost everything with bitcoin through Lightning Network.

It's just a matter of time.

whats not said by the OP's link is that the 150 orders taken is based on the fact that 1500 orders tried, but only 150 succeeded, with fold saying the issue was due to lightning. 10% success rate..

Can you post the link to that information, or do you expect us to accept that to be real because it's you?

imagine if bitcoin (not LN 12 decimal pegged payments) but the actual bitcoin network(8 decimal tx's) only had 10% success rate

They are actual Bitcoins held in 2 for 2 multi-sig wallets. There are no "pegs".

Plus I believe Lightning's 12 decimal places can increase Bitcoin's utility.

[buwaytress]

@Wind FURY, I wasn't surprised if it was 10% success rate. It was less than a year ago when I first started following LN attempts at it was even as high as 99% failure rate on buys above a couple of dollars. Naturally, this was to be expected until the tech becomes more stable and more mature.

To get from 1% to 10% success rate, and to get from max funding values of less than 1 BTC and max payment values of $2 to the possible max values we are at today? The average $25 spend of this experiment, that to me is a sign of improved robustness we knew would take LN time.

The surprise is that it's taken much less time than even optimists had estimated.

[Wind_FURY]

Then post the facts for the sake of the people who are unaware, especially the newbies.

The forum should be a place of learning, not a place of spreading lies, half-truths, and deceit in order to spread their narrative.

We should ask Lightning users what the success rate is for an average Domino's pizza purchase. Haha.

[AB de Royse777]

You gotta keep up Mr Unblock_News. News was 5 days ago, and this has already been discussed here on bitcointalk: https://bitcointalk.org/index.php?topic=5109930.0

It's hard to keep up with every discussion especially in Bitcoin Discussion and Altcoin Discussion board. By the way, good job. I also missed that topic other day.

Anyway, it's good to see the acceptance of LN. This is much needed for Bitcoin to make it everyday currency.

Cheers :-)

[franky1]

This is just the start and most people doesn't see this improvement that bitcoin is getting. Cheaper fees and faster transactions and sooner or later we're going to be able to buy almost everything with bitcoin through Lightning Network.

It's just a matter of time.

whats not said by the OP's link is that the 150 orders taken is based on the fact that 1500 orders tried, but only 150 succeeded, with fold saying the issue was due to lightning. 10% success rate..

Can you post the link to that information, or do you expect us to accept that to be real because it's you?

imagine if bitcoin (not LN 12 decimal pegged payments) but the actual bitcoin network(8 decimal tx's) only had 10% success rate

They are actual Bitcoins held in 2 for 2 multi-sig wallets. There are no "pegs".

Plus I believe Lightning's 12 decimal places can increase Bitcoin's utility.

as for a place for learning, i used to spoonfeed people until your buddies come up with their rekt campaigns and social drama to just say "wrong coz franky".. so i then just said "do your own research if you dont wanna learn what i learned.
and now its back to getting spoonfed.
seriously. i know u love wiki or only the first search result of google. but try upping your game.
if you really dont want to read what i write. and think its just fud. atleast DO SOME RESEARCH instead of just proclaiming "wrong coz franky".. as that just maks you sound as bad as doomand and your buddies who lack the info
its also an old outdated social drama tactic that lauda, carlton used to do, but they too learned the hard way.
so it appears they passd the mantle down to you guys. but you seem to have not progress any further then them as you still echo the same sentiments and myth rhetoric.. so its just boring

anyway with an easy bit of research taking 10 seconds you would have found
https://www.coindesk.com/pizza-lightning-bitcoin
"The largest barrier to conversion was setting up a new lightning wallet,” Reeves said, adding there were roughly 1,500 orders but only a 10 percent conversion rate because people struggled to use lightning-enabled bitcoin wallets."

real funny part, thats 10% success of those that got as far as making an order. think of the ones that tried but didnt even get that far
and i truly am surprised even when you were given a link to a video of LN devs themselves saying the flaws of their own system months ago, your still trying to play the social drama game of "wrong coz franky"
maybe best you take time to do research like i suggest to your buddies who seem to just want to resort to social drama rebuttles of "cant be assed to research so ill just say wrong and include the name of the poster to poke the bear"

...

as for other point
real bitcoins are held on a blockchain and are only 8 decimals which are locked
12 decimal increase utility.. of a token thats pegged

what you have to try to realise and research is the difference between the 8decimal valued tx used for opening closing. which does broadcast to bitcoins blockchain and the 12 decimal used only within and for LN payments. they have 2 different functions/scripts. they have 2 different token systems. you wont see a 12 decimal tx on the bitcoin blockchain.
so you might want to really understand and research things

imagine it like a cheque.
is a cheque a true guaranteed payment. or do people rush to get it cleared/settled before proclaiming the IOU is cleared and settled and any funds owed are no longer owed.
if you think that just handing out signed 'payments' not cleared are just as trusted. then realise that cheques are only trusted due to laws and KYC allowing someone to chase the non paying IOU handler shhould a cheque not clear. .. which LN doesnt have that protection (as yet)
if you stil think that you will happily accept un-cleared chques without the laws/kyc. then you ar risking mor then you care to admit

so be careful using LN and definetly dont over promise/over promote it unless you understand it fully

[solarcrypto]

Does anyone know when this/something like this will be coming to Canada?

[kramchers]

This is just the start and most people doesn't see this improvement that bitcoin is getting. Cheaper fees and faster transactions and sooner or later we're going to be able to buy almost everything with bitcoin through Lightning Network.

It's just a matter of time.

whats not said by the OP's link is that the 150 orders taken is based on the fact that 1500 orders tried, but only 150 succeeded, with fold saying the issue was due to lightning. 10% success rate..

imagine if bitcoin (not LN 12 decimal pegged payments) but the actual bitcoin network(8 decimal tx's) only had 10% success rate

This might be a low success rate but atleast they are trying new ones and there are 150 success transaction.
And more than one is plural and much better, this will be develop and might launch as beta to be develop. lets wait more.

[LimLims]

People residing in United States can now use their Bitcoins (BTC) to purchase Domino’s pizza through Lightning Pizza app.


Read more here: https://www.unblock.news/news/buy-pizza-with-bitcoin-through-lightning-network

This is just insane to know about that we can use cryptos to buy Pizza.
Like it's a dream come true thing as compared to real money people like to use virtual currencies for easy and fast deals.
This will gain many people's attraction for sure in the future and maybe we can use cryptos in other many aspects.
Waiting for lot of updates to see with Bitcoins.

[Pedro12528]

People residing in United States can now use their Bitcoins (BTC) to purchase Domino’s pizza through Lightning Pizza app.


Read more here: https://www.unblock.news/news/buy-pizza-with-bitcoin-through-lightning-network

It's great news, I think that many cafe will accept bitcoin in the nearest future

[Timmzzy]

People residing in United States can now use their Bitcoins (BTC) to purchase Domino’s pizza through Lightning Pizza app.


Read more here: https://www.unblock.news/news/buy-pizza-with-bitcoin-through-lightning-network

Is a good thing how the Crypto atmosphere is turning now, buying things online with bitcoin is quiet welcoming. And the adaption of bitcoin will never disappoint the community

[Timmzzy]

This is just the start and most people doesn't see this improvement that bitcoin is getting. Cheaper fees and faster transactions and sooner or later we're going to be able to buy almost everything with bitcoin through Lightning Network.

It's just a matter of time.

whats not said by the OP's link is that the 150 orders taken is based on the fact that 1500 orders tried, but only 150 succeeded, with fold saying the issue was due to lightning. 10% success rate..

imagine if bitcoin (not LN 12 decimal pegged payments) but the actual bitcoin network(8 decimal tx's) only had 10% success rate

This might be a low success rate but atleast they are trying new ones and there are 150 success transaction.
And more than one is plural and much better, this will be develop and might launch as beta to be develop. lets wait more.

Everything in the Crypto world is a gradual process I believe they are working behind the scene to make sure everything come in place.

[mrdeposit]

People residing in United States can now use their Bitcoins (BTC) to purchase Domino’s pizza through Lightning Pizza app.


Read more here: https://www.unblock.news/news/buy-pizza-with-bitcoin-through-lightning-network

Is a good thing how the Crypto atmosphere is turning now, buying things online with bitcoin is quiet welcoming. And the adaption of bitcoin will never disappoint the community

Mass adoption will bring more opportunities and this is just a start. Hope, gigant companies will accept payment methods for paying with cryptos. Adoption will be like a fire that covers everything around it and comparing financial market's power bitcoin marketcap is much more smaller.

[vennali]

Sounds great, Its not just about acceptance its also about the word being spread around and more people getting to know that they have an option to buy bitcoins and spend it at world famous Pizza chain (worlds 2nd most profitable Pizza chain). Its free advertising for BTC too and the merchants(Folds) who are providing this service to Dominos. They have been providing this service to other retailers as well like Dunkin Donuts, Starbucks.

[BurgerCash]

I mentioned this somewhere else, while you don't need a LN for this (state channels are enough) it is a super cool mutually beneifcial idea for adoption. Once you have an open state channel, it's always on the back of your mind that you can immediately purchase from that place - so they get repeat customers. In turn, since this is good business, more merchants will want to join in.
Loving this

[Artemis3]

And the Pizzas no longer cost 5k bitcoins each! See? Deflation!

Restaurants are a typical case where something like LN can shine, especially for recurring clients. In the mean time these transactions are relieving the main network of load, making everyone's transactions cheaper and faster.

Also the store itself should be running a full node, lightning node and Electrum server in my opinion. technically its not needed,  but why not give your customers a better service? Any old computer with Linux will do...

[franky1]

And the Pizzas no longer cost 5k bitcoins each! See? Deflation!

Restaurants are a typical case where something like LN can shine, especially for recurring clients. In the mean time these transactions are relieving the main network of load, making everyone's transactions cheaper and faster.

Also the store itself should be running a full node, lightning node and Electrum server in my opinion. technically its not needed,  but why not give your customers a better service? Any old computer with Linux will do...

DOMINO'S has nothing to do with bitcoin.
its a middle man service called fold. they buy dominos vouchers for cheap.

you pay fold via LN and they use a voucher/giftcard and your home address, and make the order on your behalf

dominos has no clue of the LN involvement or the fold involvement or the indirect bitcoin crypto involvement. all dominos sees is customers delivery address and a paid with giftcard/voucher

[franky1]

I mentioned this somewhere else, while you don't need a LN for this (state channels are enough) it is a super cool mutually beneifcial idea for adoption. Once you have an open state channel, it's always on the back of your mind that you can immediately purchase from that place - so they get repeat customers. In turn, since this is good business, more merchants will want to join in.
Loving this

yet. you can also just buy a domino's giftcard/voucher and cut out the middleman and the current LN issues.

btc->LN->route->fold->giftcard->dominos
btc->giftcard->dominos

[bL4nkcode]

This is just insane to know about that we can use cryptos to buy Pizza.
Like it's a dream come true thing as compared to real money people like to use virtual currencies for easy and fast deals.

People already bought pizza with bitcoin years ago just so you know.

We're talking bitcoin lightning transaction here.

[miningd]

People residing in United States can now use their Bitcoins (BTC) to purchase Domino’s pizza through Lightning Pizza app.


Read more here: https://www.unblock.news/news/buy-pizza-with-bitcoin-through-lightning-network

This is amazing

[javainn]

good if bitcoin can be used as a method of buying pizza, but it must be with the lightning network to support that decision. but I agree more if the pizza outlets provide direct payment media with bitcoin to make it easier and more efficient to buy pizza.

[Wind_FURY]

This is just the start and most people doesn't see this improvement that bitcoin is getting. Cheaper fees and faster transactions and sooner or later we're going to be able to buy almost everything with bitcoin through Lightning Network.

It's just a matter of time.

whats not said by the OP's link is that the 150 orders taken is based on the fact that 1500 orders tried, but only 150 succeeded, with fold saying the issue was due to lightning. 10% success rate..

Can you post the link to that information, or do you expect us to accept that to be real because it's you?

imagine if bitcoin (not LN 12 decimal pegged payments) but the actual bitcoin network(8 decimal tx's) only had 10% success rate

They are actual Bitcoins held in 2 for 2 multi-sig wallets. There are no "pegs".

Plus I believe Lightning's 12 decimal places can increase Bitcoin's utility.

as for a place for learning, i used to spoonfeed people until your buddies come up with their rekt campaigns and social drama to just say "wrong coz franky".. so i then just said "do your own research if you dont wanna learn what i learned.
and now its back to getting spoonfed.
seriously. i know u love wiki or only the first search result of google. but try upping your game.
if you really dont want to read what i write. and think its just fud. atleast DO SOME RESEARCH instead of just proclaiming "wrong coz franky".. as that just maks you sound as bad as doomand and your buddies who lack the info
its also an old outdated social drama tactic that lauda, carlton used to do, but they too learned the hard way.
so it appears they passd the mantle down to you guys. but you seem to have not progress any further then them as you still echo the same sentiments and myth rhetoric.. so its just boring

Because you lost everyone's trust franky1. I believe it's ok to have an opposing opinion, but you know you are not always right, especially in the opinion of big blocks and on-chain scaling. But that's another debate. We can open another topic for that.

anyway with an easy bit of research taking 10 seconds you would have found
https://www.coindesk.com/pizza-lightning-bitcoin
"The largest barrier to conversion was setting up a new lightning wallet,” Reeves said, adding there were roughly 1,500 orders but only a 10 percent conversion rate because people struggled to use lightning-enabled bitcoin wallets."

I believe you got it out of context, or you're gaslighting again.

The report said,

"Reeves said Fold currently serves 1,500 monthly users, facilitating roughly 35,000 total bitcoin transactions since launching the first version of the app in 2014. Until now, the largely bootstrapped project was funded by a small seed round from Boost VC. Looking forward, Reeves said the plan is to partner with crypto wallet startups for direct integrations.

“The largest barrier to conversion was setting up a new lightning wallet,” Reeves said, adding there were roughly 1,500 orders but only a 10 percent conversion rate because people struggled to use lightning-enabled bitcoin wallets.

“We’ve learned a lesson that in order to grow the lightning ecosystem we not only need the best products, but the best education as well,” Reeves said. “We will incorporate that into our plan going forward.”"

[/quote]

The Lightning Network will improve as the people learn how to use it. The limitations today are not going to be around tomorrow. I have the same opinion that Lightning might become a niche market, but it is too early to say that it's a "broken experiment". There's a lot of room for growth in my opinion.

real funny part, thats 10% success of those that got as far as making an order. think of the ones that tried but didnt even get that far
and i truly am surprised even when you were given a link to a video of LN devs themselves saying the flaws of their own system months ago, your still trying to play the social drama game of "wrong coz franky"
maybe best you take time to do research like i suggest to your buddies who seem to just want to resort to social drama rebuttles of "cant be assed to research so ill just say wrong and include the name of the poster to poke the bear"

Because you are simply wrong or you lie or you gaslight many many times.

Newbies, you should be questioning and debating everything in the forum, especially when someone says "this is right, or that is wrong". There's always a misinformation campaign going on in the forum.

...

as for other point
real bitcoins are held on a blockchain and are only 8 decimals which are locked
12 decimal increase utility.. of a token thats pegged

Not pegged. They are actual Bitcoins in a 2 for 2 multi-sig address.

what you have to try to realise and research is the difference between the 8decimal valued tx used for opening closing. which does broadcast to bitcoins blockchain and the 12 decimal used only within and for LN payments. they have 2 different functions/scripts. they have 2 different token systems. you wont see a 12 decimal tx on the bitcoin blockchain.
so you might want to really understand and research things

It increases utility in the Lightning Network, and therefore increases Bitcoin off-chain transactions, and therefore increases Bitcoin's utility as a whole. Read that again.

imagine it like a cheque.
is a cheque a true guaranteed payment. or do people rush to get it cleared/settled before proclaiming the IOU is cleared and settled and any funds owed are no longer owed.
if you think that just handing out signed 'payments' not cleared are just as trusted. then realise that cheques are only trusted due to laws and KYC allowing someone to chase the non paying IOU handler shhould a cheque not clear. .. which LN doesnt have that protection (as yet)
if you stil think that you will happily accept un-cleared chques without the laws/kyc. then you ar risking mor then you care to admit

so be careful using LN and definetly dont over promise/over promote it unless you understand it fully

Bad comparison. Or is that your way of gaslighting again.

Bitcoins in Lightning are actual Bitcoins.

[shesheboy]

good if bitcoin can be used as a method of buying pizza, but it must be with the lightning network to support that decision.

merchants can use bitcoin or any other cryptos as a payment gateway with or without lightning networks  . arent you ware that theres  a guy before that buys pizza using his bitcoin ? best part is that lightning network is not invented that time  .

but I agree more if the pizza outlets provide direct payment media with bitcoin to make it easier and more efficient to buy pizza.

direct payment media ? you mean fiat ?  fiats were still more efficient to use because they are direct or instant  . its much faster than lightning networks but i still support btc payments knowing that they are now more better because of the implementation of lightning newtwork

[killat]

People residing in United States can now use their Bitcoins (BTC) to purchase Domino’s pizza through Lightning Pizza app.


Read more here: https://www.unblock.news/news/buy-pizza-with-bitcoin-through-lightning-network

If this is true, then these are extremely good news from adoption point of view.

Basically,  this is the main purpose of any currency (crypto or fiat): buying goods. Or for now, btc is more an asset to store value, not a currency.