Cup of Coffee | Bitcointalksearch.org

ngerok

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Quote from: vm_mpn on March 16, 2017, 06:44:55 PM

May I suggest to those of you who want to buy a cup of coffee with bitcoin to purchase damn coffee shop instead... This way you can enjoy your own coffee all day long, and stop chasing fantasies of making this world more fair and better place to live. Buying a few pizzas with Bitcoin proven to be very expensive proposition back in 2010, and it looks like we just refusing to let this idea go.

Bitcoin is prohibitive for a reason: it's valuable (according to free and heavily manipulated markets), it rides vast and expensive to maintain blockchain (Go BitFury and Bitmain!), it has high fees not only to prevent spam, but to reward miners in exchange for diminishing block rewards moving forward (Greedy Bastards!). Looks perfect to me, but then again - I'm an idiot so do not take this personally.

Why do you humble yourselves ??
not good belittle themselves
all people just the same, and certainly has shortcomings

gentlemand

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Welt Am Draht

I'm going to launch an alt called Cupofcoffeecoin which will be the world's finest way to buy cups of coffee without censorship, because there's nothing worse than having your morning coffee censored.

It'll even make them taste better. It will either completely destroy Bitcoin or leave it to get on with the important stuff. I'll let you know when I've premined enough of them.

horace08122

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Quote from: ?? on ??

There are lots of difficulties to be faced for small shop owners if they accept bitcoin as payment.They have to wait till transaction is confirmed.The buyer has to pay more transaction fees if he wants quick confirmation.The shop owner have to convert bitcoin into fiat.Since bitcoin price is not stable,we couldnot say that the shop owner will get exactly the same amount when he exchanges for fiat.All these points make me to conclude that bitcoin will be used mostly as an investment and for payment in high valued items.Not at all for a cup of coffee or a tea.

Here I completely agree with you. Indeed, in retail trade, not expensive goods, very big difficulties will be with the use of bitcoin. Fiat in these transactions can not replace anything. Of course, if it is a question of wholesale purchases, then this is another matter.

Reid

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Funny

He is mad with pizza and yet he supports the coffee thing.
Maybe this guy is a coffee person.
What is the problem with pizza? Both of them are served hot. Grin

If I have the right amount of bitcoin then why not. I would really love to buy that coffee shop and make an option for bitcoin payment.
But still, the problem would be the long time waiting of bitcoin transaction. You could sit at my shop for hours just by waiting. Grin

jak3

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i think all that kaos started after recent blockhalving, because officially it effected a huge step on the miners and now the miner can not able to bear the heavy block difficulty load. We know that these days mining fees is very high but is it sutable of buying a cup of coffee?

Kabul

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Agree. Although there is only one coffee shop which accepts Bitcoin in my country, I usually spend Bitcoin to buy something there and it is good to taste the coffee which is purchased by Bitcoin, it is much better and more delicious than buying it with traditional currencies

Vaccinus

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Quote from: dinofelis on March 17, 2017, 11:13:58 AM

Quote from: Iranus on March 17, 2017, 11:06:11 AM

Exactly. The key distinction here is that Bitcoin is a digital currency, and is by far best used and most convenient for digital items. People like convenient payments for small everyday transactions, and that's why we have situations where you either pay with cash, which is instant, or by credit card, which for most conventional purposes is instant. For the really small transactions, the $1-10 transactions which we go through every day, it's also much, much cheaper (in the case of Visa cards, about 0.2%).

Actually, I don't see what's wrong with credit cards, or other FIAT payments, like paypal. Crypto has only a specific niche, namely when fiat cannot do it.

paypal is scamming you with 3.5% fee this is higher than bitcoin man, and this is what wrong with their system, with debit or credit card is the same many credit or debit card want a high fee per year for their usage, only few of them i think are totally free but they can close your bank account for some random reason, just read soem story on reddit about this, no one can close my bitcoin wallet

megynacuna

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Quote from: dinofelis on March 17, 2017, 11:13:58 AM

Quote from: Iranus on March 17, 2017, 11:06:11 AM

Exactly. The key distinction here is that Bitcoin is a digital currency, and is by far best used and most convenient for digital items. People like convenient payments for small everyday transactions, and that's why we have situations where you either pay with cash, which is instant, or by credit card, which for most conventional purposes is instant. For the really small transactions, the $1-10 transactions which we go through every day, it's also much, much cheaper (in the case of Visa cards, about 0.2%).

Actually, I don't see what's wrong with credit cards, or other FIAT payments, like paypal. Crypto has only a specific niche, namely when fiat cannot do it.

Well there's everything wrong with the fiats because it's being controlled by the central bank and government unlike the cryptocurrencies which gives you tgat financial freedom and accessibility. Imagine your credit card gets declined or hacked . All these cannot happen to cryptocurrencies.

dinofelis

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Quote from: Iranus on March 17, 2017, 11:06:11 AM

Exactly. The key distinction here is that Bitcoin is a digital currency, and is by far best used and most convenient for digital items. People like convenient payments for small everyday transactions, and that's why we have situations where you either pay with cash, which is instant, or by credit card, which for most conventional purposes is instant. For the really small transactions, the $1-10 transactions which we go through every day, it's also much, much cheaper (in the case of Visa cards, about 0.2%).

Actually, I don't see what's wrong with credit cards, or other FIAT payments, like paypal. Crypto has only a specific niche, namely when fiat cannot do it.

Iranus

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Quote from: RoommateAgreement on March 16, 2017, 10:30:37 PM

nobody wants to buy a cup of coffee with bitcoin, or maybe there are some people who wish they could and if you let them, they will.

but everyone wants to be able to use bitcoin as a currency. for example i want to be able to purchace a game online (worth from $5 to $50) or be able to pay for my subscription etc. and a lot more.

Exactly. The key distinction here is that Bitcoin is a digital currency, and is by far best used and most convenient for digital items. People like convenient payments for small everyday transactions, and that's why we have situations where you either pay with cash, which is instant, or by credit card, which for most conventional purposes is instant. For the really small transactions, the $1-10 transactions which we go through every day, it's also much, much cheaper (in the case of Visa cards, about 0.2%).

Bitcoin is best used for large digital transactions as fees are based on the byte which tend to result in it being a lot cheaper for large transactions, and best suited to digital transactions as it is very convenient when dealing with others online, especially people you don't trust with personal information.

cellard

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Quote from: jonald_fyookball on March 16, 2017, 09:38:55 PM

Quote from: pereira4 on March 16, 2017, 09:32:37 PM

stuff you pasted before in another thread

funny, Bitcoin seemed to be working just fine for both big and small transactions, right before blocks got congested at the artificial 1mb limit.

How about you let Bitcoin try to scale and let the free market decide if it wants to be on chain or off chain... instead of trying to force your
will on the people with these block limits?

Thats right, bitcoin was fast and cheap when nobody cared.

Satoshi talked about payment channels so he had the idea of lightning network in mind and this is where we are going, since onchain scaling at massive levels means centralized of the network which means bitcoin can be easily controlled by governments so you might as well use fiat.

AicecreaME

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Quote from: The Sceptical Chymist on March 16, 2017, 09:30:56 PM

Quote from: cpfreeplz on March 16, 2017, 08:41:21 PM

Quote from: jonald_fyookball on March 16, 2017, 06:59:52 PM

Bitcoin was always supposed to be digital cash. It even says so in the original white paper title.

Where did this myth start that we need to 'let this go'?

No one uses cash at starbucks. It's all phones, credit cards and debit cards. Try and buy a beer on a plane. They don't take cash. So saying it's like digital cash is a little outdated at this point. We're dealing with digital gold.

LOL. I definitely use cash at Starbucks, but I realize I'm in the minority here. I do agree with OP that it is better to use fiat, because I *think* bitcoin is going up. We're not exactly in the 10,000 btc/pizza era anymore, but we're still going up. Why spend digital gold?

Edit: hey, you're a hero member now, congrats!

Correct, I don't know why do people want to use bitcoin as long as they can spend it on buying or other stuffs that doesn't need for bitcoin to be used, like buying coffee? don't you think that buying coffee using bitcoin means you are throwing away your profit, and I am sure that you are trying to impress everybody that Hey, I'm a bitcoin users, I could buy anything I want with bitcoin something like this?

NO, as long as we can use fiat then there is no reason for us to use our bitcoin, unless just like what I've said, you are trying to impress everybody, because for me, it is such a waste of money if we are going to spend our bitcoin in this common things that could be bought by fiat.

teilwalL05

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Quote from: vm_mpn on March 16, 2017, 06:44:55 PM

May I suggest to those of you who want to buy a cup of coffee with bitcoin to purchase damn coffee shop instead... This way you can enjoy your own coffee all day long, and stop chasing fantasies of making this world more fair and better place to live. Buying a few pizzas with Bitcoin proven to be very expensive proposition back in 2010, and it looks like we just refusing to let this idea go.

Bitcoin is prohibitive for a reason: it's valuable (according to free and heavily manipulated markets), it rides vast and expensive to maintain blockchain (Go BitFury and Bitmain!), it has high fees not only to prevent spam, but to reward miners in exchange for diminishing block rewards moving forward (Greedy Bastards!). Looks perfect to me, but then again - I'm an idiot so do not take this personally.

Pizza is simple the best for me, so if there would be some Pizza parlor that would accept bitcoin, why not I would gladly order from it, and a coffee shop would really be interesting these days, if you want to achieved something with bitcoin you can surely can and a hefty sum can make you a difference in your life!

eternalgloom

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Quote from: ?? on ??

Quote from: matt11235 on March 17, 2017, 06:05:50 AM

Quote from: cpfreeplz on March 16, 2017, 08:41:21 PM

No one uses cash at starbucks. It's all phones, credit cards and debit cards. Try and buy a beer on a plane. They don't take cash.

I don't know where you live, but in the UK cash is still common, even with tap and go on cards. Also what planes have you been getting on? They usually take cash in a ton of different currencies.

Every plane I have been on in the US refuses cash and only takes card.

You can still easily pay with cash on planes in Europe, I've taken around 4 flights last year and I was always able to buy some drinks and snacks with cash.

Now on topic, I'm personally still using Bitcoin to buy food through takeaway.com, even with the higher fees it's cheaper than using Paypal or debit card, as they charge a 1 euro fee for that.

FlightyPouch

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Quote from: danherbias07 on March 17, 2017, 07:19:23 AM

"A War started by Coffee"
A nice title for a movie. Saw the war at first page. Grin

Coffee, pizza and small things. Can't we go higher than that. We talk about foods that are poisonous. Grin

Oh and one said they don't use cash at coffee shop anymore. I do. Because I got a coupon of a 100 peso off at Starbucks so I would just pay 25 pesos which is 50 cents in USD. Should I still pay that in bitcoin? Grin

You have a point, bitcoin has a high price, even if we use satoshis to buy coffees and foods that is really not that worth it. I think, car can be worth it, 10 bitclins is enough to buy a good car nowadays.

YuginKadoya

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You can actually do anything you want with the right amount of bitcoin at hand can make a business that fits you and that would not stop right there, you can actually promote it with the service of transaction over to bitcoin, and I think making something worth while and doing your earnings with bitcoin is a thing for most people now!

danherbias07

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"A War started by Coffee"
A nice title for a movie. Saw the war at first page. Grin

Coffee, pizza and small things. Can't we go higher than that. We talk about foods that are poisonous. Grin

Oh and one said they don't use cash at coffee shop anymore. I do. Because I got a coupon of a 100 peso off at Starbucks so I would just pay 25 pesos which is 50 cents in USD. Should I still pay that in bitcoin? Grin

xSkylarx

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Quote from: cpfreeplz on March 16, 2017, 08:41:21 PM

Quote from: jonald_fyookball on March 16, 2017, 06:59:52 PM

Bitcoin was always supposed to be digital cash. It even says so in the original white paper title.

Where did this myth start that we need to 'let this go'?

No one uses cash at starbucks. It's all phones, credit cards and debit cards. Try and buy a beer on a plane. They don't take cash. So saying it's like digital cash is a little outdated at this point. We're dealing with digital gold.

It is not true that no one uses cash in starbucks, in fact there are people who are using cash on starbucks, because not all people that go to Starbucks do have this credit card or debit card, here in our country, most of the people still prefer fiat to use in this kind of transaction rather than credit cards or debit cards. We are just using credits cards if it is really necessary like if we run out of fiat, and we don't have a choice but to use credit cards.

DomainMagnate

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Quote from: shinratensei_ on March 16, 2017, 08:34:25 PM

Quote from: vm_mpn on March 16, 2017, 06:44:55 PM

Bitcoin is prohibitive for a reason: it's valuable (according to free and heavily manipulated markets), it rides vast and expensive to maintain blockchain (Go BitFury and Bitmain!), it has high fees not only to prevent spam, but to reward miners in exchange for diminishing block rewards moving forward (Greedy Bastards!). Looks perfect to me, but then again - I'm an idiot so do not take this personally.

I'm with you. In this time the reliable fees for to make a transaction is $0.6.
There is no fast transaction, cheap transaction and anything like that.

If the fee keeps increasing and so is transaction time, bitcoin will become a storing commodity like gold instead of a digital money.
People will switch to other Altcoins for using as digital cash.

matt11235

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Quote from: cpfreeplz on March 16, 2017, 08:41:21 PM

No one uses cash at starbucks. It's all phones, credit cards and debit cards. Try and buy a beer on a plane. They don't take cash.

I don't know where you live, but in the UK cash is still common, even with tap and go on cards. Also what planes have you been getting on? They usually take cash in a ton of different currencies.

Topic: Cup of Coffee (Read 1953 times)