NYC food trucks takin bitcoin now? but how do we get their suppliers too? - page 2.

Vessko

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Quote from: Ghaleon16 on October 13, 2014, 06:10:30 PM

If a cafe begins using Bitcoin and instantly converting it to dollars then there is no circle.

It doesn't "convert" the bitcoins at the Tooth Fairy. It sells them for dollars on the exchanges. Which means that somebody is buying these bitcoins for dollars (or some other form of fiat). There are two sides to every trade.

lihuajkl

legendary

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It takes times before bitcoin is recognized by all of them. At least we are approaching there. There are more and more merchants accepting bitcoin payment.

LFC_Bitcoin

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#1 VIP Crypto Casino

Quote from: sly5am on October 13, 2014, 06:46:13 PM

The circle will close when the banking system we use today, collapses, under the fake monetary system we all are forced to use. Bitcoin cannot be destroyed nor manipulated by the Forces of Wealthy entities that steal with impunity our works worth. This end is coming, are you ready?

That won't happen in our lifetime, don't be stupid.
We just need to get BTC accepted as a proper currency & adopted by lots more companies.

sly5am

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The circle will close when the banking system we use today, collapses, under the fake monetary system we all are forced to use. Bitcoin cannot be destroyed nor manipulated by the Forces of Wealthy entities that steal with impunity our works worth. This end is coming, are you ready?

bbit

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Bitcoin

Quote from: Ghaleon16 on October 13, 2014, 06:10:30 PM

https://www.youtube.com/watch?v=woQ1j8gBje8

Pretty cool.... BUT...

this will just keep sinking the price unless we get them to actually KEEP the btc and exchange it for GOODs... with merchants who also keep it and exchange it for goods... like maybe a hotdog from a food truck... thus completing the circle!

Example:
If a cafe begins using Bitcoin and instantly converting it to dollars then there is no circle. Blood does not flow from your heart to your arm and remain there, it must flow back for there to be life. When that cafe’s suppliers, like the bean distributor and bakery begin accepting Bitcoin and their suppliers such as the farm that supplies them their beans and flour begin accepting Bitcoin then we are approaching the closure of the circle. If that farmer goes into the city and buys a cup of coffee with Bitcoin then the circle is officially closed.

We really need to figure this out.

Check this article, does a decent job of explaining the concept. http://blog.easybitz.com/2014/10/05/closing-the-circle/

The music is awesome in it! I see the original: https://www.youtube.com/watch?v=o_I8KB4CeVI & https://www.youtube.com/watch?v=OGAinUySHQU

Ghaleon16

newbie

Activity: 11

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https://www.youtube.com/watch?v=woQ1j8gBje8

Pretty cool.... BUT...

this will just keep sinking the price unless we get them to actually KEEP the btc and exchange it for GOODs... with merchants who also keep it and exchange it for goods... like maybe a hotdog from a food truck... thus completing the circle!

Example:
If a cafe begins using Bitcoin and instantly converting it to dollars then there is no circle. Blood does not flow from your heart to your arm and remain there, it must flow back for there to be life. When that cafe’s suppliers, like the bean distributor and bakery begin accepting Bitcoin and their suppliers such as the farm that supplies them their beans and flour begin accepting Bitcoin then we are approaching the closure of the circle. If that farmer goes into the city and buys a cup of coffee with Bitcoin then the circle is officially closed.

We really need to figure this out.

Check this article, does a decent job of explaining the concept. http://blog.easybitz.com/2014/10/05/closing-the-circle/

Topic: NYC food trucks takin bitcoin now? but how do we get their suppliers too? - page 2. (Read 2184 times)