Topic: How a Restaurant can Implement BTC - page 2. (Read 2207 times)
This is a good solution for a very practical problem. As you are aware, making it easy for ordinary restaurants to accept bitcoin would significantly increase the use of bitcoin in everyday life.
So how do u handle 0 confirmation tx's
You feel comfortable in accepting that the transaction will eventually get more confirmations because the hassle that the diner would have to go through to in order to send another transaction that cancels out the first exceeds the hassle of expecting the diner to wait for confirmations.
As already pointed out, take bitcoin out of the equation and still any diner who wants to skip out on the bill can quite easily run away without paying.
So how do u handle 0 confirmation tx's
I had something at Ada' Technical books in Seattle last week. They had BitPay integrated into their POS register. Very easy, just select a tip then pay the QR code. Here in Madison I like an Indonesian place called Bandung. There you can just scan the tattered QR code taped to the counter. It could not get easier than that, but you'll have to remember to add a tip.
http://seattletechnicalbooks.com/
https://bandungrestaurant.com/
http://seattletechnicalbooks.com/
https://bandungrestaurant.com/
This would be good and no confirmation should not be problem anymore.
legendary
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You don't need confimations for accepting Bitcoin for food and drink.
In over three years now we had a few thousand Bitcoin payments which were all accepted once broadcasted to the net with zero confirmations and we did not have one single double spend.
I know this might change but so far don't worry about confirmations in this kind of business. Someone wanting to cheat in a restaurant is much more likely to just leave without asking for the bill than to actually try to double spend Bitcoins.
Joe
In over three years now we had a few thousand Bitcoin payments which were all accepted once broadcasted to the net with zero confirmations and we did not have one single double spend.
I know this might change but so far don't worry about confirmations in this kind of business. Someone wanting to cheat in a restaurant is much more likely to just leave without asking for the bill than to actually try to double spend Bitcoins.
Joe
Of course you need confirmations, recently we have seen demonstrated over and over how easy it is to doublespend.
Please reread my post considering the fact that I am reporting from real life. Running a bar that may very well have taken more bitcoin payments than any other bar on the planet I believe that my experience allows me to not listen to what you tell me what I need, especially because I believe that you have as much of that experience as I need confirmations when people pay their beer and that is presicely zero.
By the way what you are refering to is no news. everybody who had understood the protocol and gained some understanding of this economy had understood that years ago already.
Joe
Are they talking about either of these?
https://bitcointalksearch.org/topic/peter-todds-recent-0-confirm-double-spends-574774
https://bitcointalksearch.org/topic/a-successful-double-spend-us10000-against-okpay-this-morning-152348
Something like a smarphone with coinbase app will get you lot of clients
You don't need confimations for accepting Bitcoin for food and drink.
In over three years now we had a few thousand Bitcoin payments which were all accepted once broadcasted to the net with zero confirmations and we did not have one single double spend.
I know this might change but so far don't worry about confirmations in this kind of business. Someone wanting to cheat in a restaurant is much more likely to just leave without asking for the bill than to actually try to double spend Bitcoins.
Joe
In over three years now we had a few thousand Bitcoin payments which were all accepted once broadcasted to the net with zero confirmations and we did not have one single double spend.
I know this might change but so far don't worry about confirmations in this kind of business. Someone wanting to cheat in a restaurant is much more likely to just leave without asking for the bill than to actually try to double spend Bitcoins.
Joe
Of course you need confirmations, recently we have seen demonstrated over and over how easy it is to doublespend.
Please reread my post considering the fact that I am reporting from real life. Running a bar that may very well have taken more bitcoin payments than any other bar on the planet I believe that my experience allows me to not listen to what you tell me what I need, especially because I believe that you have as much of that experience as I need confirmations when people pay their beer and that is presicely zero.
By the way what you are refering to is no news. everybody who had understood the protocol and gained some understanding of this economy had understood that years ago already.
Joe
It's really cool that it can be implemented so easily.
When BTC is optional I see no reason not to do so for restaurants. Also cafeterias, bars, even super markets should do it.
Or, well, the only reason not to my be legal / accounting.
When BTC is optional I see no reason not to do so for restaurants. Also cafeterias, bars, even super markets should do it.
Or, well, the only reason not to my be legal / accounting.
You can automate everything if you want, once an address/qr code is created it is associated with the table number, time and expected to receive a specific amount of BTC. If it is paid by the customer the system instantly detects and mark it as paid, and it is removed from the system when that table is paid with another payment method.
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If I owned a restaurant, I'd add a QR code on the bill. It would be an optional feature.
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That would be kinda cool. It'd be great to tip the waiters in Bitcoins as well.
If I owned a restaurant,
The customer would pay when they order. It will get a confirmation by the time food is ready.
Then they can leave a tip at the end of the meal.
The customer would pay when they order. It will get a confirmation by the time food is ready.
Then they can leave a tip at the end of the meal.
I don't think double spends are a big a problem as people think they are. If a payment processor is used they'd be covered anyway.
A basic problem with zero confirmations is that there is always a risk that the transaction may never be confirmed. It can happen when the payer does not include a transaction fee, though it is rare.
Of course in the case of a restaurant, anyone that wants to skip out on the bill will simply walk out rather than go to all the effort to attempt to reverse a zero confirmation transaction.
If the patron has gone to the effort to actually send a transaction for a restaurant bill, it should be safe enough to accept it with 0 confirmations.
A basic problem with zero confirmations is that there is always a risk that the transaction may never be confirmed. It can happen when the payer does not include a transaction fee, though it is rare.
If I owned a restaurant,
The customer would pay when they order. It will get a confirmation by the time food is ready.
Then they can leave a tip at the end of the meal.
The customer would pay when they order. It will get a confirmation by the time food is ready.
Then they can leave a tip at the end of the meal.
You don't need confimations for accepting Bitcoin for food and drink.
In over three years now we had a few thousand Bitcoin payments which were all accepted once broadcasted to the net with zero confirmations and we did not have one single double spend.
I know this might change but so far don't worry about confirmations in this kind of business. Someone wanting to cheat in a restaurant is much more likely to just leave without asking for the bill than to actually try to double spend Bitcoins.
Joe
Of course you need confirmations, recently we have seen demonstrated over and over how easy it is to doublespend.
If I owned a restaurant,
The customer would pay when they order. It will get a confirmation by the time food is ready.
Then they can leave a tip at the end of the meal.
The customer would pay when they order. It will get a confirmation by the time food is ready.
Then they can leave a tip at the end of the meal.
You don't need confimations for accepting Bitcoin for food and drink.
In over three years now we had a few thousand Bitcoin payments which were all accepted once broadcasted to the net with zero confirmations and we did not have one single double spend.
I know this might change but so far don't worry about confirmations in this kind of business. Someone wanting to cheat in a restaurant is much more likely to just leave without asking for the bill than to actually try to double spend Bitcoins.
Joe
If I owned a restaurant,
The customer would pay when they order. It will get a confirmation by the time food is ready.
Then they can leave a tip at the end of the meal.
The customer would pay when they order. It will get a confirmation by the time food is ready.
Then they can leave a tip at the end of the meal.
There is not much to implement.
If you run a restaurant and want to accept Bitcoin you can basically start doing so the second you choose to do so.
Why would you need a programmer? To install a Bitcoin Wallet on an Android tablett? To call up the blockexplorer of blockchain.info with which you can create payment requests to any address whatsoever?
Starting to accept Bitcoin anywhere takes less effort and time than I needed to write this post really.
Joe
If you run a restaurant and want to accept Bitcoin you can basically start doing so the second you choose to do so.
Why would you need a programmer? To install a Bitcoin Wallet on an Android tablett? To call up the blockexplorer of blockchain.info with which you can create payment requests to any address whatsoever?
Starting to accept Bitcoin anywhere takes less effort and time than I needed to write this post really.
Joe
It can be very useful for your business. Just put a smartphone with bitpay and let them pay using qr code
By the way buying food with bitcoins becomes more and more popular
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