No one wants to spend 10,000 of their Altcoins for a Pizza - page 2.

robelneo

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Quote from: paramind22 on November 22, 2016, 03:36:30 PM

I think this seems to be the problem with most altcoins. None of the people want to follow the example of Bitcoin.
I guess they don't want to fathom that right now it would take 10,000 of them to buy a pizza.

I'm more than willing to spend to spend 10,000 of my altcoins but I doubt if there's a taker,some of the altcoins I'm holding right now is not even equivalent to $2 fiat,there's a coin named pizzacoin but even that coin cannot order a pizza because of it's low value in the market.

VanDeinsberg12

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Quote from: paramind22 on November 22, 2016, 03:36:30 PM

I think this seems to be the problem with most altcoins. None of the people want to follow the example of Bitcoin.
I guess they don't want to fathom that right now it would take 10,000 of them to buy a pizza.

Why not? Run with automation which mean just put the exact value about the pizza price and it will auto generate how many such coin will need to buy pizza.
This alt coin you may think different about the alt implementation with real coin such as pennies. Cheesy

European Central Bank

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i think it's the total opposite. tons of people are desperate for their alts to show that someone out there beyond yobit is actually using them.

there's nothing to stop anyone using an actively traded coin to pay for something. only thing is it'll probably be instantly traded for bitcoin in the same way that the bitcoin might be traded for dollars.

it's totally possible but kinda pointless.

Red-Apple

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Quote from: paramind22 on November 22, 2016, 03:36:30 PM

I think this seems to be the problem with most altcoins. None of the people want to follow the example of Bitcoin.
I guess they don't want to fathom that right now it would take 10,000 of them to buy a pizza.

there are two problems with this: one of them is that 10,000 for a pizza automatically eliminates most of the altcoins because 10K of those altcoins would be worth less than $1 Cheesy

the other things is that people are holding those coins to sell after the pump and earn profit, nobody is thinking about keeping or using those coins!

*nice topic, i liked it.

amacar2

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But bitcoin have gained really high attention and i don't think other alts can get same movementum within next few years for example. Still 10000 doge means around $3 just enough to buy one pizza. Grin

And this may remain same for next few years, i don't think doge will be over $1 per doge ever.

paramind22

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Quote from: Snorek on November 25, 2016, 11:40:59 AM

Quote from: TaunSew on November 25, 2016, 11:27:32 AM

I had send plenty of examples of bargaining and trading with alternates. The other day, saw someone buy a beer and noodles with an alternate and it wasn't Litecoin or Ethereum.

I think it was more than friendly deal between acquaintances than real business transaction.
Barter transactions between people from one familiar party are common: "I will give you 1 Augur you will give me 1 Heineken."

It has to start somewhere, it just takes one other person to share something about reality and commerce for there to be a legitimate currency.
Also, I believe peercoin has a network set up. These networks are in place and so there are other coins that are getting off the ground. No
reason why they can't be used both for trading purposes and currency. Alternate currencies have always been used. Those trading stamps people use to collect from grocery stores I believe had a whole catalog of things you could buy with them. There are wonderful books of old collectors' tokens that stores use to mint and give/trade for a certain amount of goods.

Snorek

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Quote from: TaunSew on November 25, 2016, 11:27:32 AM

I had send plenty of examples of bargaining and trading with alternates. The other day, saw someone buy a beer and noodles with an alternate and it wasn't Litecoin or Ethereum.

I think it was more than friendly deal between acquaintances than real business transaction.
Barter transactions between people from one familiar party are common: "I will give you 1 Augur you will give me 1 Heineken."

olushakes

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Quote from: paramind22 on November 22, 2016, 03:36:30 PM

I think this seems to be the problem with most altcoins. None of the people want to follow the example of Bitcoin.
I guess they don't want to fathom that right now it would take 10,000 of them to buy a pizza.

As at the time you are making reference to, the exposure has not been this high and wont not be same in few years to come. Even though those who did buy pizza with 10000 bitcoin as at the time would have believe they got value for money because I am sure they would have gotten for less so its a win-win situation. In addition to that, no developer would have the intention of creating a coin then turn to shit Bitcoin has taught them a lesson that what is worthless today could worth more tomorrow.

TaunSew

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I had send plenty of examples of bargaining and trading with alternates. The other day, saw someone buy a beer and noodles with an alternate and it wasn't Litecoin or Ethereum.

As for brick and mortar, B&M has been taking away Bitcoin payments because some of them had done it for 2 years but only registered 30-something payments over those years, usually a repeat customer or two who is a Bitcoin enthusiast. Why would someone add an alternate just to get 1 payment over 2 years. Cheesy

Snorek

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Quote from: paramind22 on November 22, 2016, 03:36:30 PM

I think this seems to be the problem with most altcoins. None of the people want to follow the example of Bitcoin.
I guess they don't want to fathom that right now it would take 10,000 of them to buy a pizza.

It is not because no one wants to do it. It is more because it is almost impossible to do. How many altocoins can be used to purchase real life goods?
And people seem to to accept that fact, they speculate with altcoin and when they want to buy something they trade altcoin<=>bitcoin=>FIAT.
Plus, no one really believes that some altcoin can follow path of Bitcoin - hence the lack of effort.

digaran

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You show me a place that accepts altcoins for pizza, I'd gladly spend millions of them

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The thing about them is that we have too many of them already and zero usage.

paramind22

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Quote from: btc_zero_sum on November 25, 2016, 10:50:46 AM

No one can spend 10,000 of their Altcoins for a Pizza (fixed)

Altcoins are pure speculation tool, name me one damn altcoin you can use today to buy a pizza. none of them has an infrastructure, none of them is accepted by merchants

Anyone who has looked at them knows that's not true. You can buy things with litecoin, dogecoin, ETH, and monero. Even Earthcoin was set up to buy a lot of things at one time.

btc_zero_sum

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No one can spend 10,000 of their Altcoins for a Pizza (fixed)

Altcoins are pure speculation tool, name me one damn altcoin you can use today to buy a pizza. none of them has an infrastructure, none of them is accepted by merchants

paramind22

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Quote from: JasonXG on November 25, 2016, 10:11:23 AM

Quote from: paramind22 on November 22, 2016, 03:36:30 PM

I think this seems to be the problem with most altcoins. None of the people want to follow the example of Bitcoin.
I guess they don't want to fathom that right now it would take 10,000 of them to buy a pizza.

Are we ment to be taking you seriously ? You not making sense son.
It would take 10000 of what to buy a pizza? 10000 bagholders ? That is what ot sounds like you are saying but I think you mean 10000 coins.

So 10000 shitcoin for a pizza ? Ok I'll send you some shitcoin then you go buy a pizza for yourself k ?

You got my point. The people who have coins that they believe in don't seem to realize that for them to be valuable they have to have
a real world value today. So, if a Pizza is $15, and their coin is worth .0015, then they need to spend 10,000 of them to buy one. Not bad
if it took a day mining something for some people. Then, maybe the next pizza takes 8,000 coins because people are aware that they are
having a value. In a week, it would take 5,000 coins, and lesser and lesser until a coin is worth much more.

JasonXG

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Quote from: paramind22 on November 22, 2016, 03:36:30 PM

I think this seems to be the problem with most altcoins. None of the people want to follow the example of Bitcoin.
I guess they don't want to fathom that right now it would take 10,000 of them to buy a pizza.

Are we ment to be taking you seriously ? You not making sense son.
It would take 10000 of what to buy a pizza? 10000 bagholders ? That is what ot sounds like you are saying but I think you mean 10000 coins.

So 10000 shitcoin for a pizza ? Ok I'll send you some shitcoin then you go buy a pizza for yourself k ?

rivoke

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Altcoin recently has lesser value if we compare on bitcoin so it difficult to make it happen.
But it's not impossible for happening since cryptocurrency is a world full of unexpected things

Zadicar

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Quote from: paramind22 on November 22, 2016, 03:36:30 PM

I think this seems to be the problem with most altcoins. None of the people want to follow the example of Bitcoin.
I guess they don't want to fathom that right now it would take 10,000 of them to buy a pizza.

This is pointless because people would not tend to buy pizza on an 10k altcoin unless if its value is 1 satoshi only then people will surely use it but the question is whos the one to sell off pizza on that price? Its just nonsense though.It depends on the value of a particular altcoin if its value is high people would say no but if its low then might possible but the question is whos gonna sell? Grin

Mallyx

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Quote from: paramind22 on November 22, 2016, 03:36:30 PM

I think this seems to be the problem with most altcoins. None of the people want to follow the example of Bitcoin.
I guess they don't want to fathom that right now it would take 10,000 of them to buy a pizza.

I guess peoples prefer selling the pizza

NUFCrichard

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Quote from: paramind22 on November 22, 2016, 03:36:30 PM

I think this seems to be the problem with most altcoins. None of the people want to follow the example of Bitcoin.
I guess they don't want to fathom that right now it would take 10,000 of them to buy a pizza.

The number 10,000 is irrelevent! If I hold an alt that has a value of 1 satoshi, I will gladly spend 10,000 of them on a pizza, it would be a great deal.
I wouldn't spend 10,000 Eth on a pizza, no.

Other than a very small group of Alts, none have the potential to be worth $100 per coin, so the fear of being the guy who spend 10,000 Xcoins on a pizza shouldn't be in your mind. You could always buy more for fiat anyway, so there would be no loss at the end of the day!

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Quote from: Sylon on November 22, 2016, 05:09:00 PM

I want to buy a pizza for 10,000 Zetacoins. Anyone interested ?

That is exactly the whole point. No one is interested in most of these altcoins because they really are only tokens with no value. They are more like Pokemon trading cards than a currency. Most of the holders of these altcoins want to convert to bitcoin as soon as they think it is profitable for them. So in reality everyone actually is a bitcoiner.

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