gunhell16 (OP)
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September 22, 2023, 01:20:21 PM Last edit: September 22, 2023, 02:01:55 PM by gunhell16 |
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![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.ibb.co%2FwgLqYby%2FBTC.png&t=665&c=6s9mrFDF3RAzfg) ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.ibb.co%2Fb1wzv6R%2FBuying-mcdo.png&t=665&c=Z2a2UETGybmHSA) I just observed a kid on Twitter doing a Bitcoin payment transaction at McDonald's, and it's amusing to see that they can do it. However, I feel bad for the kid because he spent something like 170,000 Sats or something. Its parent must have a sizable amount of Bitcoin. But even so, I'm still in awe of how these kids were raised by their parents since even at such a young age, they are progressively learning about the idea and features of how important Bitcoin is to them. I respect parents who do an excellent job of educating their kids. Reference: https://twitter.com/naiivememe/status/1705167273609368057
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albert0bsd
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September 22, 2023, 01:31:56 PM |
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When date is this? I try to search the tweet but is now deleted or it isn't public.
170000 sats is near 45 USD today, maybe the pay a lot of fees, new users aren't aware of how the fees are calculated or how it affect to their final TX.
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The Sceptical Chymist
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September 22, 2023, 01:32:51 PM |
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I'm not clicking on a Twitter....eh, X....link to see the details, but it looks as though that kid's parent is ordering for him.
Mixed feelings about this. First of all, if they're spending that number of sats at Mickey D's, that kid is going to be obese by the time he gets to puberty, and he's probably going to end up with tits and gender dysphoria and all the other modern day maladies the new generation has. I'm not joking, and it makes me anxious.
On the other hand, it's good thing if that kid in the pic is actually into bitcoin. I don't care if he or the parent is blowing it at McDonalds (stupid move IMO) as long as he learns why it's important, i.e., it's a form of money that the government can't control and isn't in the hands of the banking system and that it's a decent store of value.
Hopefully that kid's screen time is kept in check by his parent(s). Too many people, young and older, are glued to their smartphones 24/7. End of aging hermit rant.
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Chilwell
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September 22, 2023, 01:38:39 PM |
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Mr OP it seem the reference link you provided is not working because went I click on it but it not going, I thought the problem is from my twitter but not pls fix it if the problem is from your side. The parent had tried their best in teaching their son crypto, at this stage of life am so happy seeing it because gradually the kid will start introducing his friends.
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Poker Player
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September 22, 2023, 01:51:13 PM |
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I can't see the tweet either. I imagine that must be in Lugano, Switzerland, or El Salvador, as far as I know there are no other places accepting Bitcoin at McDonald's. First thing is for the OP to fix the link and let's see, because we don't know what date it is from or where it occurs: 170000 sats is near 45 USD today, maybe the pay a lot of fees, new users aren't aware of how the fees are calculated or how it affect to their final TX.
Or maybe that happened at another time, when the price was different.
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gunhell16 (OP)
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September 22, 2023, 01:58:49 PM |
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Mr OP it seem the reference link you provided is not working because went I click on it but it not going, I thought the problem is from my twitter but not pls fix it if the problem is from your side. The parent had tried their best in teaching their son crypto, at this stage of life am so happy seeing it because gradually the kid will start introducing his friends. I even watched it a while ago before I posted it, and now when I tried to watch it again, it was deleted immediately the link was invalid already. I do not know why. In the video, those kids are still scanning the machine at McDonald's. And it seems they're language was a Portuguese but not sure. When you watch them, it seems like their parents or relatives are behind them, as long as those children are doing the transaction in the video.
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lassdas
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September 22, 2023, 02:04:31 PM |
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170000 sats is near 45 USD today, maybe the pay a lot of fees, new users aren't aware of how the fees are calculated or how it affect to their final TX.
Seems to me like a "Wallet of Satoshi" Lightning wallet, fees aren't that high on LN.
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The Sceptical Chymist
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September 22, 2023, 02:07:20 PM |
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170000 sats is near 45 USD today, maybe the pay a lot of fees, new users aren't aware of how the fees are calculated or how it affect to their final TX.
Yeah, I was too lazy to do the math (chalk up another "too lazy" quote to my account), but I figured it was roughly that amount. To feed a few people at McD's these days, even though it seems like a lot of money, it sounds about right. And let me tell y'all, when I was a kid I was a big fan of McD's and would eat there a lot. When I see how much their burgers, fries, and everything else they've got on their menu today it makes me want to pull my hair out. The dollar menu used to include items that cost $1. I think they call that list something else now, because you can't even buy a napkin for $1. Lol.
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Chilwell
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September 22, 2023, 02:07:43 PM |
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Mr OP it seem the reference link you provided is not working because went I click on it but it not going, I thought the problem is from my twitter but not pls fix it if the problem is from your side. The parent had tried their best in teaching their son crypto, at this stage of life am so happy seeing it because gradually the kid will start introducing his friends. I even watched it a while ago before I posted it, and now when I tried to watch it again, it was deleted immediately the link was invalid already. I do not know why. In the video, those kids are still scanning the machine at McDonald's. And it seems they're language was a Portuguese but not sure. When you watch them, it seems like their parents or relatives are behind them, as long as those children are doing the transaction in the video. This should be a lesson to you in case of next time, you know what the forum want and what they don't, please next always get the fact on ground before post anything, possibly download the video to serve as you prove.
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Faisal2202
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September 22, 2023, 02:16:42 PM |
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Are you shocked to see that BTC can be used to buy Macdonald or you are shocked that the kids are buying it and they are getting familiar with BTC technology at an early age? Either way, new generation kids are so modern that, at an early age they are aware of the full usage of smart phones, while when I was a kid, like around 10 to 14 years old, no one gave me smart phones to use, I mean I don't have the privilege to have my own phone so I have to ask elders to use their phones and all they did was, not gave us their phones even for a second, by saying that we might break their phones.
If I recall those memories now and compare them with the current generation then I concluded that this generation is so advance that they knew how to use phones. They knew how to make online transaction via banks. They are now getting familiar with the btc technology. That's not a surprise to see but using btc to pay for products is very surprising. Even though their parents or guardians were helping them, but still, they are learning at an early age and with time they will become experts.
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albert0bsd
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
September 22, 2023, 02:18:18 PM |
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Seems to me like a "Wallet of Satoshi" Lightning wallet, fees aren't that high on LN.
Nice, i get it, sorry for my ignorance with LN wallets i never used it. I think that i need to read more about that topic. Well then if the amount doesn't have higher Fees then that mean they are wasting a lot for some bugers and fat
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Ucy
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September 22, 2023, 02:40:16 PM |
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.......... I just observed a kid on Twitter doing a Bitcoin payment transaction at McDonald's, and it's amusing to see that they can do it. However, I feel bad for the kid because he spent something like 170,000 Sats or something. Its parent must have a sizable amount of Bitcoin. But even so, I'm still in awe of how these kids were raised by their parents since even at such a young age, they are progressively learning about the idea and features of how important Bitcoin is to them. I respect parents who do an excellent job of educating their kids. Reference: https://twitter.com/naiivememe/status/1705167273609368057Hope they spent the satoshis on healthy stuff. Bitcoin is too valuable to be spent on junks. The sats are better saved than spent on things that are not as valuable or profitable. If you must spend your bitcoins spend them on things that compensate for the profits the bitcoins would have given you in the future. If you wish to spend them on foods, spend on the good ones that can make you productive enough to work sufficiently to produce things that are greater or equal to the amount of profit you would made from saving the coins. If you wish to invest the bitcoins on something else make sure the future profit from the investment is equal or greater than future profit from the bitcoins. And it's much better to spend the bitcoins in Bitcoin economy, or better still, in economy (decentralized one atleast) that uses Bitcoin as currency.
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rat03gopoh
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September 22, 2023, 02:45:27 PM |
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However, I feel bad for the kid because he spent something like 170,000 Sats or something. Its parent must have a sizable amount of Bitcoin.
Except what actually happened was: They actually paid for some big portions because they went there with their parents. When it came time to pay, they were instructed to do so at the cashier and the parents just documented them from behind. I personally doubt that it was their initiative, in fact they don't know how much 170k sats is equivalent to.
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Ever-young
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September 22, 2023, 04:07:57 PM |
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It’s either this payment was made by this kids parent, or their parent gave them that bitcoin to use and make their daily purchase, because what they bought and paid with bitcoin is approximately 45$ if the members who made the calculation is correct, which if converted to my local currency is a whole lot of money, and kids spending that right now on a daily basis means they are going to spend a whole lot of fortune within a month or year which they might later leave to regrets, that’s if Bitcoin price appreciates more than this and they happen to revisit their transactions history, it might be a thing of regret.
Buying something and paying with bitcoin is really a good idea as it shows that the currency is being put into good use, but when the one who have their hand on it don’t know how to careful use it, it might be some sort of asset abuse.
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|MINER|
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September 22, 2023, 04:16:50 PM |
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I didn't click on the link but I see the child's parent making the payment. The matter is both good and bad. The good part is that this child's parents are introducing him to bitcoin. As a result, the child is getting an idea about bitcoin. As a result, he will be able to use this knowledge later. And the bad part is spending so much on McDonald's. As this kid gets older, his needs will increase. He is not learning the proper use of money which may affect his future. But if the child's parents own a lot of money, then the matter is different.
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Abu-Naim
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September 22, 2023, 04:56:15 PM |
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Mr OP it seem the reference link you provided is not working because went I click on it but it not going, I thought the problem is from my twitter but not pls fix it if the problem is from your side. The parent had tried their best in teaching their son crypto, at this stage of life am so happy seeing it because gradually the kid will start introducing his friends. Probably the tweet is not more visible because I also tried to view it, but it was not viewable. From all the indications, these children's parents are into bitcoin, and they may have some bitcoin in their wallets. They have guided these children in the right way to be independent of banks and governments; they will grow up with financial freedom; they will grow up as bitcoin experts if their parents teach them about bitcoin well; and I am sure they will have a bitcoin wallet set aside for these kids as their future investment.
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tjtonmoy
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September 22, 2023, 04:58:15 PM |
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I tried to search the internet about this and came up with random things that do not relate to any kids paying their bills with Bitcoin. All I see is adults doing it. As the link from Twitter is not working and nowhere to find the real thing, I am a bit disappointed. But with all the videos and articles I saw upon searching, it seems like this event took place in El Salvador or Switzerland. Most of the McD in those counties are accepting BTC.
But everything aside, the new generation is really getting into the technological stuff quickly. And this gives us a great learning point. We are the ones to guide the next generation towards the future. As the parents are helping their children to understand the concept and teaching them how it works is good to see. I hope every parent at some point teaches their children about Bitcoin.
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so98nn
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September 22, 2023, 05:10:24 PM |
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Going through above discussion it seems we have completely mixed thoughts about the tweet, the news and the picture itself. Sometimes I think why such great news are always end up with so much confusion? Reminds of history channel where they show UFO videos recorded by normal peeps and guess what they are always blurry, sucked into hell fire and what not.
Why some great event like this always has confusing records? So we have a kid who’s paying with bitcoin wallet at billion dollar food chain store and the news comes with a tweet that is too not available anymore. What a dull stuff man. Thought it was something great, detailed article and everyone is appraising it. Hope so someday it becomes more evident.
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batang_bitcoin
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September 22, 2023, 05:36:05 PM |
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Wherever this is, this seems an interesting adoption that's happening somewhere in the world. Maybe it's just these kids are pressing the buttons but the actual wallet is owned by their parent or guardian. But what's more interesting is that this McDonalds is accepting Bitcoin. I can't see the tweet either. I imagine that must be in Lugano, Switzerland, or El Salvador, as far as I know there are no other places accepting Bitcoin at McDonald's.
I've just found an old article that a branch of McDonalds accepts Bitcoin in Lugano, Switzerland so maybe this is the place since the article also mentioned about the kiosk. Article: McDonald’s starts to accept Bitcoin and Tether in Swiss town
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Rent this sig space so that BTC goes to $100k.
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KiaKia
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September 22, 2023, 05:37:58 PM |
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That's ridiculous, what are they buying that costs that much For those of you saying that they don't know the calculation, I doubt that, because every wallet, I don't care which one they used, always show the dollar value. Maybe someday, they will look back at that number of Sats they sold and realize that they wasted that tinny amount of Bitcoin because its value is way higher than before. We all want to see people spend their Bitcoin on food items and other things, use it as a means of payment, well to the world now, Bitcoin is better kept as gold than use as money, it's only those that knows not much about Bitcoin spend their Bitcoin, majority of people will prefer to hold for long term and use something else for payment.
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