Author

Topic: KFC Bitcoin bucket (Read 144 times)

Kakmakr

legendary

Activity: 3542

Merit: 1965

Leading Crypto Sports Betting & Casino Platform

Quote from: cynical on January 12, 2018, 05:29:09 AM

thats interesting!
what about this story of a guy in 2010 who bought a pizza for "10,000 bitcoins"
needless to say at todays bitcoin value in fiat that was a very expensive pizza!
i thing the phrase "Doh" comes to mind Grin

http://truthcommand.com/2017/10/2010-guy-bought-2-pizzas-10000-bitcoins-worth-60-million-today/

I have to ask the question, will Bitcoin ever be used as a day to day currency?
I can ask the same of any other crypto really...

What did that bitcoins cost him at the time? Did he buy back the bitcoins or did he just piss away those coins? Let's say I have a entertainment budget monthly of $5000 and I use that to buy drinks at a local bar, but I convert it to Bitcoin.

The $5000 would have been spend, no matter what.

Lazlo should have bought those pizzas with his "entertainment" budget and then bought back those bitcoins, but he was proving a point.

You cannot take money to your grave, but your Legacy will stand. ^smile^

merchantofzeny

sr. member

Activity: 1036

Merit: 279

Re: KFC Bitcoin bucket

January 12, 2018, 10:31:32 AM

#7

It's been plain to see for everyone now that even with the current slump the price has had a large increase from when it was first released. Even if you got into this just a year ago, you would have already seen significant profits so just imagine if you are one of the early adopters.

Quote from: davis196 on January 12, 2018, 07:29:53 AM

We all see the difference between btc and fiat and there`s no need to use KFC buckets as an example.
One thing that we can`t see is that the fiat paper money printing machine called Federal reserve system is pumping the bitcoin price as well.We all kinda hate fiat money,but we have to be grateful to the federal reserve system for all the inflation,that drives people to buy more cryptocurrencies,including bitcoin.

Well I just hope they're not up to something devious.

Swenna

full member

Activity: 364

Merit: 106

Re: KFC Bitcoin bucket

January 12, 2018, 08:45:55 AM

#6

I have read of the article about the bitcoin KFC bucket in where people can buy a bucket meal in exchange of a bitcoin payment, but only for a limited time. Thinking about this, I remember about the article about McDonalds willingness to accept bitcoin as a payment. Both is a good idea since it will increase the awareness of people about bitcoin (because KFC and McDonald's are big franchise) but at the same time, it will be difficult to transact using bitcoin. Moreover, its ever changing price will also pose a bigger problem.

davis196

hero member

Activity: 3150

Merit: 937

Re: KFC Bitcoin bucket

January 12, 2018, 07:29:53 AM

#5

Quote from: Kakmakr on January 12, 2018, 01:43:48 AM
Can you see the difference between Fiat and Bitcoin?

In 2009 it cost you 40 bitcoins for a KFC bucket with 12 pieces. Today you would be buying 26 705 buckets of 12 pieces with those coins.

In 2009 you bought 4 buckets of KFC for $20.49 and today you can only buy 1 for the same amount.

https://pbs.twimg.com/media/CrqSVHPWgAARCnc.png

https://images.successstory.com/adminimg/image_uploads/content_images/kfc-in-1952_1456384373.jpg

Makes you think, Buy a Bitcoin - Feed a village ^smile^

We all see the difference between btc and fiat and there`s no need to use KFC buckets as an example.
One thing that we can`t see is that the fiat paper money printing machine called Federal reserve system is pumping the bitcoin price as well.We all kinda hate fiat money,but we have to be grateful to the federal reserve system for all the inflation,that drives people to buy more cryptocurrencies,including bitcoin.

cynical

full member

Activity: 490

Merit: 136

Re: KFC Bitcoin bucket

January 12, 2018, 05:29:09 AM

#4

thats interesting!
what about this story of a guy in 2010 who bought a pizza for "10,000 bitcoins"
needless to say at todays bitcoin value in fiat that was a very expensive pizza!
i thing the phrase "Doh" comes to mind

http://truthcommand.com/2017/10/2010-guy-bought-2-pizzas-10000-bitcoins-worth-60-million-today/

I have to ask the question, will Bitcoin ever be used as a day to day currency?
I can ask the same of any other crypto really...

BillCoin

sr. member

Activity: 476

Merit: 259

Re: KFC Bitcoin bucket

January 12, 2018, 05:13:46 AM

#3

Cool numbers.
I heard about the twit, but seems like it is more a gimmick then a real thing.

Let's say that I am hungry, I enter KFC website and I want to make an order of a large bag.
First of all, when I pay with bitcoin I would have to wait for atleast 1 confirmation( I guess that the site requires that), which means that I am going to wait up to 20-30 minutes before my order is actually going to be handled.

Not only that, a median transaction fee( for the transaction to enter the next block), you are going to pay atleast 20$, so for a 20$ bucket you are going to pay 40$, not the best deal I guess.

I would prefer to keep my bitcoin and to pay with fiat .

stompix

legendary

Activity: 2912

Merit: 6403

Blackjack.fun

Re: KFC Bitcoin bucket

January 12, 2018, 05:04:31 AM

#2

Honestly I'm more concerned that a bucket of 12pc cost 35$ in Angola , and it's only around 10 euros in eastern Europe while we still have 4 times their wages.

As for the value of fiat....
Remember that Alaska was sold for 7 million $.
Quite the deal, right?

Kakmakr

legendary

Activity: 3542

Merit: 1965

Leading Crypto Sports Betting & Casino Platform

Re: KFC Bitcoin bucket

January 12, 2018, 01:43:48 AM

#1

Can you see the difference between Fiat and Bitcoin?

In 2009 it cost you 40 bitcoins for a KFC bucket with 12 pieces. Today you would be buying 26 705 buckets of 12 pieces with those coins.

In 2009 you bought 4 buckets of KFC for $20.49 and today you can only buy 1 for the same amount.

https://pbs.twimg.com/media/CrqSVHPWgAARCnc.png

https://images.successstory.com/adminimg/image_uploads/content_images/kfc-in-1952_1456384373.jpg

Makes you think, Buy a Bitcoin - Feed a village ^smile^