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Author Topic: The Kids buying Mcdonald order via BTC  (Read 773 times)
Unbunplease
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September 23, 2023, 08:15:48 PM
 #41

On the one hand, it is good that bitcoin is becoming more widespread. On the other hand, in this way people are spending an asset that may grow at least three times in the near future. Therefore, a dilemma arises - to spend or to save? Everyone here chooses their own line of behavior
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September 23, 2023, 08:28:19 PM
 #42



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
Anything that correlates with adoption and recognition or simply it being used on how its supposed to be used is really that something commendable or really good to look at. For those who do really think that it is

really that a waste of coins then they are just simply looking or focusing too much on investment part and not really that appreciating in speaking about the actual utility on which we know that Bitcoin was created or meant to be used up without having those 3rd party or simply that p2p which this do really shows that example. We are really that still have a huge room to grow when it comes to its actual utility and this image or tweet shows that even children or youngsters do really be able to make use of it which i could say that it is always been that a positive thing. Somewhat i do really have that same feeling that it is really just that
a waste on buying something which you could eventually be able to buy it with fiat directly and holding those coins for long term instead.

Somewhat if this one is really that intended for the sake of demonstrating about what this payment options giving then it is really that something that could be applied and possible.

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September 23, 2023, 10:06:04 PM
 #43

It would be safe to say that in this era, children are born with tablets in their hands. Naturally they can easily use Bitcoin and all kinds of applications including crypto-currency wallets. There is nothing surprising in this.
What I will say about McDonald's is that I wouldn't spend my precious coins on that junk food. It's overpriced and the quality has dropped significantly. I don't know if it's the same in other countries, but this is the situation in our country. I prepare the same thing at home, it's much cheaper and nutritious. I can save more Bitcoin as well! Smiley

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September 23, 2023, 10:49:30 PM
 #44

Looks like the caption is different from what is shown in the picture.  Like what the earlier reply stated it looks like the mother is the one paying in BTC.  I clicked the link to check the replies of other people but it looks like the link is not available anymore.  Probably taken down due to a minor on the picture, or possibly misleading content. 

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September 23, 2023, 11:42:41 PM
 #45

I'm glad its fast enough for them to order the fast food, thats a point in favor of BTC if its fluid enough to be convenient for people who presumably will not put up with too much hassle.  If they had alot of patience they'd just make the burger themselves really.  I'd like if BTC was convenient and easy enough for everything like this.    
  I'm not so much a fan of how expensive fast food got now but usually its down to finding an offer price available.    Ideally BTC circulates between users, I presume McDonalds or whoever is retailing here just puts it back on the market right away.

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to spend or to save?

Spend is totally fine and healthy for anyone who is receiving BTC.   The ideal is that circulating back and forth between regular users, just a means to settle bills and both parties accept payment and pay themselves using BTC; nobody is losing out then its just a beneficial circle and you are all holding an appreciating asset not the flaky paper.

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September 24, 2023, 08:39:05 AM
 #46

What I will say about McDonald's is that I wouldn't spend my precious coins on that junk food. It's overpriced and the quality has dropped significantly.
And stupidly, in order to get another experience of buying with bitcoin or just to get good captures to post on social media, sometimes customers are willing to pay a slightly higher price compared to the price with fiat payments, while they realize that. Grin

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September 24, 2023, 09:01:50 AM
 #47

What I will say about McDonald's is that I wouldn't spend my precious coins on that junk food. It's overpriced and the quality has dropped significantly. I don't know if it's the same in other countries, but this is the situation in our country. I prepare the same thing at home, it's much cheaper and nutritious. I can save more Bitcoin as well! Smiley
Right, there's no point to spend more money when we have an another option to pay less, if someone said it's for supporting Bitcoin, it's somewhat stupid IMO. Both of using Bitcoin as a currency and as a commodity are supporting Bitcoin, it just depend on anyone choice.

In my country the qualify of junk food is not changed, but I don't eat junk food because it's unhealthy.

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September 24, 2023, 02:17:00 PM
 #48

Although it is impressive to see children using a bitcoin wallet, I hope no bad person will ask them to transfer the remaining satoshis in the wallet, especially if no adult accompanies the children to buy burgers at McDonald's.

But I wouldn't let kids buy anything offline using bitcoin. I still prefer telling them to buy using fiat. And I also do not encourage them to buy junk food.
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September 24, 2023, 02:30:35 PM
 #49

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.

This shows the paradox of Bitcoin ownership and the mass confusion about how it's to be used in future. What is the point in even using Bitcoin for these type of small transactions, when the fees are often an unnecessary chunk extra and it would be cheaper using a credit card in most situations. Is it a commodity? Is it a currency? Is it an international money transfer service? What is the minimum transactions that are worthwhile for it - hundreds of dollars, thousands? It definitely has useful situations but currencies are most helpful when they are relatively stable, the world economy changes quite enough with costs changing all the time when pegged against a stable currency, why would you want to throw further calculations into the mix?

R


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September 24, 2023, 02:57:26 PM
 #50

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.

This shows the paradox of Bitcoin ownership and the mass confusion about how it's to be used in future. What is the point in even using Bitcoin for these type of small transactions, when the fees are often an unnecessary chunk extra and it would be cheaper using a credit card in most situations. Is it a commodity? Is it a currency? Is it an international money transfer service? What is the minimum transactions that are worthwhile for it - hundreds of dollars, thousands? It definitely has useful situations but currencies are most helpful when they are relatively stable, the world economy changes quite enough with costs changing all the time when pegged against a stable currency, why would you want to throw further calculations into the mix?

It comes down to whoever holds the coin though. Whether you as a holder want to spend it as currency or simply want to introduce BTC to your kid as digital gold aka investment.
But that's why it is best to have a stablecoin option for merchants accepting digital USD. More options mean we can save our BTC and not spend it on something that will make the kids obese.

It's never worth it to spend BTC on these merchants when you know that right after they receive BTC, they turn it into USD.



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September 24, 2023, 03:52:17 PM
 #51

Don't you think we're probably getting the wrong idea from this photo?
Anyone who owns Bitcoin knows it's worth. Is it even possible for someone to want to waste it on junk, and talk more of such a huge amount? Of course, apart from Laszlo Hanyecs who bought 2 Domino Pizza with 10,000 Bitcoin, I'd personally think that person is crazy.
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September 24, 2023, 04:18:13 PM
 #52

What I will say about McDonald's is that I wouldn't spend my precious coins on that junk food. It's overpriced and the quality has dropped significantly. I don't know if it's the same in other countries, but this is the situation in our country. I prepare the same thing at home, it's much cheaper and nutritious. I can save more Bitcoin as well! Smiley
Right, there's no point to spend more money when we have an another option to pay less, if someone said it's for supporting Bitcoin, it's somewhat stupid IMO. Both of using Bitcoin as a currency and as a commodity are supporting Bitcoin, it just depend on anyone choice.

In my country the qualify of junk food is not changed, but I don't eat junk food because it's unhealthy.
Junkfood is not good, but on the other hand the food has prestige, but I don't do it because I don't eat unhealthy foods like that.
But the main point that is discussed is not about junk food, we talk about bitcoin that is used as a payment tool, for people who consider it a place to store this value is very touching and they will never do it to buy their own killer food.

But try to think that it is popular and everyone follows the way but on different purchasing objects such as food, clothes or others using bitcoin and the child follows what his mother did about Bitcoin, indirectly that Satoshi's purpose was getting closer.

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September 24, 2023, 04:50:15 PM
 #53

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.

I guess it's too late for that hope haha. Too many young kids are now enslaved with their smartphones 24/7. Well at least they awaken their technology instinct early on their life right? lol.

On the one hand, it is good that bitcoin is becoming more widespread. On the other hand, in this way people are spending an asset that may grow at least three times in the near future. Therefore, a dilemma arises - to spend or to save? Everyone here chooses their own line of behavior

Well at least they are making good use of it. That kid will learn the value of transacting money. Otherwise, if that experience would benefit the learning of the child, then it will be greater than the price of it's coin holding it to 3x. interest of kids might built from that one transaction on MDonalds. You can always have back the coin or the money, but not the time of those kids being exposed as young as they possibly can.

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September 24, 2023, 05:45:18 PM
 #54


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.

I guess it's too late for that hope haha. Too many young kids are now enslaved with their smartphones 24/7. Well at least they awaken their technology instinct early on their life right? lol.

On the one hand, it is good that bitcoin is becoming more widespread. On the other hand, in this way people are spending an asset that may grow at least three times in the near future. Therefore, a dilemma arises - to spend or to save? Everyone here chooses their own line of behavior

Well at least they are making good use of it. That kid will learn the value of transacting money. Otherwise, if that experience would benefit the learning of the child, then it will be greater than the price of it's coin holding it to 3x. interest of kids might built from that one transaction on MDonalds. You can always have back the coin or the money, but not the time of those kids being exposed as young as they possibly can.

It's hard to monitor the screen time of kids nowadays especially if they aren't always with us. We can't keep them away from their phones when we are not with them since it's necessary to keep our lines and connections active to stay in touch with them.
However, it's a good thing that children are now getting aware of Bitcoin usage yet as parents, we still need to guide and enlighten them of its value and importance. It's a good thing that they know how to use Bitcoin but we have to properly educate them so they will have a proper knowledge about it and make sure that their age is accurate to understand the risks of using Bitcoin in every transaction.
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September 24, 2023, 06:28:44 PM
 #55

What is the point in even using Bitcoin for these type of small transactions, when the fees are often an unnecessary chunk extra ..
Again, if you look at the picture/video, you can see that they're using the "Wallet of Satoshi"-App, which is a lightning wallet.
Fees are quite low on the lightning network.
 
.. it would be cheaper using a credit card in most situations.
And there goes your privacy.

Is it a commodity? Is it a currency? Is it an international money transfer service?
All of the above and more.

What is the minimum transactions that are worthwhile for it - hundreds of dollars, thousands?
On mainnet it depends on the mempool and your urge to pay for whatever you want,
on lightning you see lots of 1 satoshi transactions, doesn't get much lower than that.
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September 24, 2023, 10:50:18 PM
 #56

 It's great these kids are being introduced into the world of Bitcoin but I'm a bit concerned about the price tag tho. That's some cool amount wasted on junk!! I wouldn't want a situation where the child will regard BTC as money you can easily spend on worthless things and as such not attach much value to it. But according to the video I saw, although there's no link visible link, there's an adult who can easily teach him better on how to appreciate Bitcoin.
 I'm believing that Bitcoin will appreciate in price in the future that the thought of using even the smallest sats to buy some McDonald's happy meal will be an absurd idea.
 I dunno if this link works though, but I feel this directs us to what the Op is trying to pass across.
 https://x.com/BitcoinMagazine/status/1705918819598832125?s=20

R


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September 24, 2023, 10:55:17 PM
 #57

It's great these kids are being introduced into the world of Bitcoin but I'm a bit concerned about the price tag tho. That's some cool amount wasted on junk!! I wouldn't want a situation where the child will regard BTC as money you can easily spend on worthless things and as such not attach much value to it. But according to the video I saw, although there's no link visible link, there's an adult who can easily teach him better on how to appreciate Bitcoin.
 I'm believing that Bitcoin will appreciate in price in the future that the thought of using even the smallest sats to buy some McDonald's happy meal will be an absurd idea.
 I dunno if this link works though, but I feel this directs us to what the Op is trying to pass across.
 https://x.com/BitcoinMagazine/status/1705918819598832125?s=20

link is good thank you.

yeah I do not like them buying MacDonalds even if they used LN

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September 24, 2023, 11:05:33 PM
 #58

What I will say about McDonald's is that I wouldn't spend my precious coins on that junk food. It's overpriced and the quality has dropped significantly.
And stupidly, in order to get another experience of buying with bitcoin or just to get good captures to post on social media, sometimes customers are willing to pay a slightly higher price compared to the price with fiat payments, while they realize that. Grin
On the other hand, we've got also cool kids that have been in crypto. A story 2 years ago that they've been mining crypto and earns a lot since it was the bull run.
These 14- and 9-year-old siblings earn over $30,000 a month mining cryptocurrency
If it's about seeing these kids purchase food through a food kiosk with the payment of bitcoin, this is also another interesting story.


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September 24, 2023, 11:09:11 PM
Merited by The Sceptical Chymist (4)
 #59

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.
When a Chymist speaks, you could as well expect some dialysis of the situation and possibly the prescription to keep it at bay. Well done my Chymist on first straw at the incident.

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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.
My thoughts revolves about if it’s just a show for the trends on Twitter or X as we might have it but with no means to verify what the situation is, we might just have perspectives to it and be good.
If them kids are really into bitcoin? I think not. Perhaps it’s my part of the world but, I don’t know what a kid like the once’s I see in that screenshot could do to earn in bitcoin vis a vis, having to spend as they are based on screenshot.
It’s a kid’s move for sure and that means, they aren’t really into bitcoin or don’t know much of it already. Perhaps some gift or some of these inherited coins we discuss. Either way, they are out creating yet another use case that might be talked about in times to come.

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September 24, 2023, 11:12:11 PM
 #60

Whatever they are doing, it's great that they are using disruptive technology and can probably give what they earn to their parents. It's fun to see stuff like this it makes it even more interesting when people try to give way to this and show that it is possible.

What's the next thing that could be done? Hmm.

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