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Author Topic: I can't wait until I can pay using bitcoin at the supermarket  (Read 2208 times)
Twentyonepaylots
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August 27, 2020, 05:08:11 PM
 #41

That would be a nice thing to happen. But I bet not everybody is waiting for that same thing you are waiting.
Imagine this comes true and no one is even using their bitcoin to buy anything coz they are hesitating because of the price lol

Even me I would think the same way coz it is bitcoin, maybe tomorrow I could buy 2 apples instead of 1.

We are all aware of the huge shift of Bitcoin's treatment from an electronic cash to a speculative asset, from an alternative medium of exchange to an investment, so I guess the majority is waiting for that new ATH more than their favorite supermarket's green light for Bitcoin payment.
I agree, we are just waiting for the price to increase rather than being accepted as payment means. If that comes true, I'll be happy for bitcoin itself attaining that real life usefulness but for my portfolio? it's a no no when it does not hit a new ATH.
Well, as for me, I would gladly welcome either of the two that happens first. Wink
Me too, but it I'll be more happy when it reaches ATH first  Grin
qwertyup23
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August 27, 2020, 05:33:05 PM
 #42

Just a feeling I have. It's all credit cards and dollars and shit.

Yeah, I'd rather spend the shit money and save my bitcoins, but I can't wait until I can use real money everywhere. I'd rather get paid in bitcoin and spend bitcoin.



I do understand where you are coming from. Everyone has their preferences on where they want to spend their bitcoins. Other see it as an investment opportunity while others treat the same way they as cash. It all depends upon their needs and priorities on where they could actually use their resources on essential stuff.

Although most would probably disagree on OP's choice, at the end of the day, bitcoin still can be converted into large amounts of cash given the right time you cash them out.

maybe it will happen in some countries it will be realized but there are still many countries that cannot use it because some of the most crucial reasons are because there is no regulation on bitcoin.

but for me there is the convenience of paying with bitcoin or nothing at all it doesn't have any impact because I am used to using a debit card issued by a bank that I have savings there. and the mechanism is not different from the treatment of bitcoin.

Again, it all depends upon the preference of the person and the available means of transaction. If your country allows the exchange via bitcoins, then take that opportunity to do so. While other countries have regulations which bar the usage of bitcoins, then debit/credit cards would suffice. It all boils down on the convenience and acceptable terms of payment available per country.

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August 27, 2020, 06:42:38 PM
 #43

Been waiting for this since I become a huge fan of crypto now could be a good time to use this kind of payment.

Yeah right, with this pandemic supermarket can offer this together with other digital ways of payments
crypto can co exist with any alternative currencies.


We would lessen the risk of spreading the virus since we wouldn't have any physical contact with anyone.

Not just the virus of this current covid-19 but also those virus coming from regular fiat money it
will be more safer for us.

And it would also help us lessen the fee that we would pay since we don't need to convert it or trade it into Fiat and cash-out.

I love that if there's an actual system that will allow us to process with the actual value of our bitcoin.

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August 27, 2020, 06:52:16 PM
 #44

I also feel the desire to pay for my food with Bitcoin. I live in a small city where if you frequent a place they already know you. Once it occurred to me to tell to several owners of supermarkets in my city that I wanted to pay for my food with Bitcoin and that if they did not know I could teach them to get started with Bitcoin. My answer was that no, in their faces I could see that there was disinterest and ignorance.

Still in some places many changes are needed for Bitcoin to be accepted through the front door. We are used to being led by our rulers. When there is an acceptance of bitcoin and cryptocurrencies by governments is when we will see a massive adoption will occur. For now we are the pioneers for that great moment.

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August 27, 2020, 07:09:12 PM
 #45

Well, in the united states there are good places you can pay for your goods unlike the other parts that are still coming up with the technology. The recent happenings has shown that, many merchandise doesn't understand the technology while the world still facing the pandemic. Bitcoin community has been educating the general public about this technology and in short time from now the world will start embracing the technology, then will the payment system be made available for all. LN(Lightning Network) has good innovative ideas that will make this technology work wonders for big and small businesses in terms of payment.

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August 27, 2020, 07:35:11 PM
 #46

Most hardfork of bitcoin is meant to add those things they consider limitations eg paying using bitcoin at supermarket but where are they today? Bitcash has design a lot of apps and avenue to attract trading with its coin has yet to thrive. , Bitcoin is sitting with the high asset class in world and it profit over the year rank him as the best. Bitcoin ATM is project a well if can afford it

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August 27, 2020, 07:41:35 PM
 #47

The last thing I would ever want to spend my hard money on is a bunch of stuff that's going to emerge from my anus or willy a few hours later. That's what your depreciating fiat is for. My weekly shop bought with BTC in 2011 would now be worth one million dollars.

 If it's to be spent, spend it on something productive or enriching. It will forever be the spending of last resort which means I don't think it's ever going to become a widespread currency.
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August 27, 2020, 09:01:39 PM
 #48

I wouldn't like to pay my supershop bill in bitcoin. The main reason is the transaction fee btc need to transfer a small amount of money also. It won't be profitable for me or not for the seller also. So, I prefer cash on the local supershops around me. I only use btc to pay or buy something online. Because it is much easier and hassle free.

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August 27, 2020, 09:27:19 PM
 #49

Just a feeling I have. It's all credit cards and dollars and shit.

Yeah, I'd rather spend the shit money and save my bitcoins, but I can't wait until I can use real money everywhere. I'd rather get paid in bitcoin and spend bitcoin.


It definitely will happen, very obvious how Bitcoin is gaining popularity globaly. Rooted deep in digital marketing. And soon I will not have a shit to do with Fiat, those are dreams come through already. Bitcoin is now unstable and be legalized in no time.

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Bitcoin_bullish
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August 27, 2020, 10:00:48 PM
 #50

I've written something similar in the past and it wasn't met very well by a few members. Some told me that I was dreaming while I've explained that with the Lightning Network development this will be a reality.

I understand that the narrative currently is to pass Bitcoin as a hedge to inflation and perhaps a way to cure all financial disease and fix everything. This is not true and everyone knows this. Bitcoin has two purposes which are interconnected. It is both to be used as a method of purchases and has also features of a store of value asset. It can't abandon any of these as it will fail in the other too.

In my opinion, the price of Bitcoin is not α goal itself but it is inevitable to keep growing as long as it is developing these two features it has since its inception by Satoshi. I don't hope but I'm expecting to be able to buy at local stores and supermarkets with our Bitcoin wallets in a few years.
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August 27, 2020, 10:03:02 PM
 #51

I've written something similar in the past and it wasn't met very well by a few members. Someone even told me that I was dreaming, while I've explained that with the Lightning Network development this will be a reality.

I understand that the narrative currently is to pass Bitcoin as a hedge to inflation and perhaps a way to cure all financial disease and fix everything. This is not true and everyone knows this. Bitcoin has two purposes which are interconnected. It is both to be used as a method of purchases and has also features of a store of value asset. It can't abandon any of these as it will fail in the other too.

I think it'll be technically possible but users simply won't want to do it en masse. You don't spend what you think will be worth more in future, especially if you have a more common alternative that does the opposite. It goes against both logic and human nature.
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August 27, 2020, 10:04:05 PM
 #52

When you became a bitcoin fan. This is the usual reaction of bitcoin lover to which all things running in their head is all about bitcoin. Well, I could blame them too because bitcoin really a great help when it comes to investment earnings but the best things about using bitcoin for spending is the challenge. Bitcoin might be challenging when you do transfer because it may somehow take time to confirm witg the miner in the transaction especially if payments needs huge bitcoin transfer. Some are really weird like this and even myself wanted to be challenge using bitcoin as payment.
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August 27, 2020, 10:07:37 PM
 #53

I've written something similar in the past and it wasn't met very well by a few members. Some told me that I was dreaming while I've explained that with the Lightning Network development this will be a reality.

I understand that the narrative currently is to pass Bitcoin as a hedge to inflation and perhaps a way to cure all financial disease and fix everything. This is not true and everyone knows this. Bitcoin has two purposes which are interconnected. It is both to be used as a method of purchases and has also features of a store of value asset. It can't abandon any of these as it will fail in the other too.

In my opinion, the price of Bitcoin is not α goal itself but it is inevitable to keep growing as long as it is developing these two features it has since its inception by Satoshi. I don't hope but I'm expecting to be able to buy at local stores and supermarkets with our Bitcoin wallets in a few years.

LN seems to be undervalued and not optimized by its potential. If merchants will use this network, customers will avoid btc high tx fees. But up until now, very few merchants are having LN within their payment system. And right now, I think that's one hindrance in deploying btc payment in merchants/shops. I hope that one day, LN will find its way to these entities and crypto users will have more convenience in using this service.
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August 27, 2020, 10:09:15 PM
 #54

I also have the same desire, eager to spend Bitcoin in supermarkets. But the possibility that it could happen in my country,
around a few decades away. Because in my country until now the government only allows using Bitcoin only as a digital asset,
cannot be used as payment. It is possible that countries that have legalized Bitcoin can already experience using Bitcoin at
the supermarket.

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August 27, 2020, 10:17:46 PM
 #55

The last thing I would ever want to spend my hard money on is a bunch of stuff that's going to emerge from my anus or willy a few hours later. That's what your depreciating fiat is for. My weekly shop bought with BTC in 2011 would now be worth one million dollars.

 If it's to be spent, spend it on something productive or enriching. It will forever be the spending of last resort which means I don't think it's ever going to become a widespread currency.

Before it goes through your body and emerges from the rear end it has to go through the mouth first and that sensation is what people are willing to pay big money for.

I like when a good sip of nice wine or brandy leaves an aftertaste in my mouth and warms up my body. I wouldn't mind spending coins on one of the pleasures of life like alcohol, cofee, or well made meat, especially that unhealthy red one  Tongue
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August 27, 2020, 10:18:52 PM
 #56

You won't get it . The Bitcoin blockchain is full. For a year, about 350 thousand transactions are made every day, and you can't do it anymore. This will not change in the coming years. This means that there will be no increase in payments for goods and services.

The bitcoin community did not go down the path of increasing bandwidth. Now a different path of development is chosen, which actually led to the fact that the development of Bitcoin has stopped.
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August 27, 2020, 10:22:22 PM
 #57

I've written something similar in the past and it wasn't met very well by a few members. Someone even told me that I was dreaming, while I've explained that with the Lightning Network development this will be a reality.

I understand that the narrative currently is to pass Bitcoin as a hedge to inflation and perhaps a way to cure all financial disease and fix everything. This is not true and everyone knows this. Bitcoin has two purposes which are interconnected. It is both to be used as a method of purchases and has also features of a store of value asset. It can't abandon any of these as it will fail in the other too.

I think it'll be technically possible but users simply won't want to do it en masse. You don't spend what you think will be worth more in future, especially if you have a more common alternative that does the opposite. It goes against both logic and human nature.

In this case though perhaps we should stop consuming right now and swap all our fiat into Bitcoin. This isn't rational either holding fiat currencies since we can buy Bitcoin with them and reduce our consumption to a minimum.
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August 27, 2020, 10:36:18 PM
 #58

Just a feeling I have. It's all credit cards and dollars and shit.

Yeah, I'd rather spend the shit money and save my bitcoins, but I can't wait until I can use real money everywhere. I'd rather get paid in bitcoin and spend bitcoin.
Dont hope that much because this thing is almost impossible to happen.Im not really that against nor doesnt trust up btc or crypto but as long do government do exist then money/fiat will surely exist.

I know the feels of being optimistic but too much of it will just really frustrate you if you do wait up for the moment that you had been hoping for.If you do save up btc then its good yet we know on when it comes to potential but we do accept the fact that this will really be just an option and not would become the primary currency that would completely replace fiats.

Government would be the number one who would oppose such changes.

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August 27, 2020, 10:40:48 PM
 #59

Just a feeling I have. It's all credit cards and dollars and shit.

Yeah, I'd rather spend the shit money and save my bitcoins, but I can't wait until I can use real money everywhere. I'd rather get paid in bitcoin and spend bitcoin.
Dont hope that much because this thing is almost impossible to happen.Im not really that against nor doesnt trust up btc or crypto but as long do government do exist then money/fiat will surely exist.

I know the feels of being optimistic but too much of it will just really frustrate you if you do wait up for the moment that you had been hoping for.If you do save up btc then its good yet we know on when it comes to potential but we do accept the fact that this will really be just an option and not would become the primary currency that would completely replace fiats.

Government would be the number one who would oppose such changes.
Same thought, it will be impossible since btc is not being controlled by the government. Unlike in fiat, it is being regulated by the government. Also, aside from the said reason, volatility is a real problem for business establishments. As far as I know, there are some businesses who tried to accept btc before, but they stop it immediately because of the same reason.
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August 27, 2020, 10:58:05 PM
 #60

For sure that won't happen soon. Bitcoin still is not accepted as a mode of payment to many countries, and if you are living to those countries, then you have no choice but to use Bitcoin as an investment. Indeed Bitcoin and other cryptos has advantages regarding convenience on every transactions but we just cannot help thr fact that it is still in progress of development.
 
I've written something similar in the past and it wasn't met very well by a few members. Someone even told me that I was dreaming, while I've explained that with the Lightning Network development this will be a reality.

I understand that the narrative currently is to pass Bitcoin as a hedge to inflation and perhaps a way to cure all financial disease and fix everything. This is not true and everyone knows this. Bitcoin has two purposes which are interconnected. It is both to be used as a method of purchases and has also features of a store of value asset. It can't abandon any of these as it will fail in the other too.

I think it'll be technically possible but users simply won't want to do it en masse. You don't spend what you think will be worth more in future, especially if you have a more common alternative that does the opposite. It goes against both logic and human nature.
Well, more likely, Bitcoin will be accepted to markets as a mode of payment, once its market price stabilize. It is more likely to happen because majority of the businesses cannot afford adding up risks. Think of it, if they would accept an amount of Bitcoin as a payment, then it happened that the price of Bitcoin is still volatile, the business will be at risk of "losing" money unless they would hold it, which will not be sustainable to majority of businesses.
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