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Author Topic: Physical in-store uses for Bitcoin  (Read 1038 times)
thephfactor
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May 12, 2011, 08:01:18 PM
 #1

OK, I'm looking for peoples ideas as to how bitcoin could be used in-store to buy things. I saw bitbills and although its some amount of progress it doesn't provide a good solution. I your suggestions please use technology available today and provide links so we can understand exactly how your idea works.

One of my ideas have been: An app on an iPhone that contains your Bitcoin wallet. When the cashier rings up the amount, the amount is communicated to the app and the app generates a QR code that, when scanned, completes the transaction.

http://bc.x14.eu/sigs/e7f6fe5e.png (http://bc.x14.eu/s/99)
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tomcollins
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May 12, 2011, 08:05:45 PM
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OK, I'm looking for peoples ideas as to how bitcoin could be used in-store to buy things. I saw bitbills and although its some amount of progress it doesn't provide a good solution. I your suggestions please use technology available today and provide links so we can understand exactly how your idea works.

One of my ideas have been: An app on an iPhone that contains your Bitcoin wallet. When the cashier rings up the amount, the amount is communicated to the app and the app generates a QR code that, when scanned, completes the transaction.

Go to mtgox.  Have them transfer you something called "Dollars".  Use those at the store.
ploum
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May 12, 2011, 08:25:15 PM
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I foresee that most people will not have bitcoin installed. Instead, they will have an account in a bitcoin-bank. Thus, it is very easy to have a debit card. It would works the same way it is working today: tell your bank that you spend some money in favor of vendor X. Vendor X receives OK and trust the bank to have sent the money.

For the most advanced scenario, I've written this (in french) in the following little story: http://ploum.net/post/futur-economie

The way it works is very simple:

- The vendor gives you a QR code which embed a bitcoin address.
- You scan the QR code with your phone and have to enter a pin code and confirm the amount
- The bitcoin address is sent to your bitcoind, which could be either your bank account, your remote computer or a local wallet on your phone, it doesn't matter.
- The vendor see a green "confirmed" as soon as the transaction have been confirmed enough (which depends on the price)

Blog posts about Bitcoin - 1KdRBbhjo72CqKTrFsQed6s9NMrvwvrUkq
FatherMcGruder
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May 12, 2011, 09:59:03 PM
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I foresee people buying things with Ripple and bitcoin simultaneously. Until there's enough confirmations on a given transaction, a debt gets applied to the buyers Ripple profile. When the transaction gets enough confirmations, Ripple debt gets paid back. I imagine a smart phone client would handle it all.

Use my Trade Hill referral code: TH-R11519

Check out bitcoinity.org and Ripple.

Shameless display of my bitcoin address:
1Hio4bqPUZnhr2SWi4WgsnVU1ph3EkusvH
MoonShadow
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May 12, 2011, 10:05:44 PM
 #5

This topic has been covered extensively in past threads.  Search for the vending machine thread, Dash7, QR codes, Poker chip tokens, and the power failure thread.

EDIT:  And search for the Iphone and Android apps & widgets, they already exist in beta development.

"The powers of financial capitalism had another far-reaching aim, nothing less than to create a world system of financial control in private hands able to dominate the political system of each country and the economy of the world as a whole. This system was to be controlled in a feudalist fashion by the central banks of the world acting in concert, by secret agreements arrived at in frequent meetings and conferences. The apex of the systems was to be the Bank for International Settlements in Basel, Switzerland, a private bank owned and controlled by the world's central banks which were themselves private corporations. Each central bank...sought to dominate its government by its ability to control Treasury loans, to manipulate foreign exchanges, to influence the level of economic activity in the country, and to influence cooperative politicians by subsequent economic rewards in the business world."

- Carroll Quigley, CFR member, mentor to Bill Clinton, from 'Tragedy And Hope'
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