Topic: [POLL] How will you buy groceries in 10 years? (Read 1887 times)

Let's not let that little inconvenience stop us from arguing for growing the system to a utilization level where only a tiny fraction of participants can be 'peers' in the supposedly 'p2p' solution.

+1
The only sensible way, practically speaking.

I wouldn't rule out the possibility that 'the event' will happen within the decade timeframe.  In that case you'll probably be paying for groceries using an implanted micro-chip.  If you make it that far of course.

Ya, I'm joking around a bit...but not completely.  Such a thing strikes me as technically possible and a 'good' approach to deal with certain people management problems that loom on the horizon.

In 10 years I will probably be buying groceries using a credit card built into my phone, not out of choice, but due to the fact that adoption of new payment technologies happens very slowly. 

It's not polite to say "coloured." Instead say, "of African descent."

coloured btc?

But there is.

It's called your smartphone.  Brick and mortar retailers just need to get into the 21st century:  QR codes everywhere.

And then an app like Bridgewalker - into which you load bitcoin but transact in dollars, instantly - is how you buy shit in person.

I guess I'd probably use the open source krogercoin, a great-great grandson of bitcoin. Unless I was out. I'd only be using krogercoin for the krogerplus bonus though. For a tiny fee, I'd be able to pay in any coin I wanted, including but not limited to vaginacoin, bitcoin, ppcoin, wal-coin, fedcoin, oilcoin, lobbycoin, chinacoin, smithcoin, or eurocoin.

There just needs to be a credit card type of medium which can be loaded with Bitcoins... et voila.

The block chain is probably going to need to be in RAM due to access issues, but 600GB per year is easily within the grasp of what a modest sized outfit can do today.  Probably within what many private class users could achieve in the not to distant future.

My main beef with the soothing 'official' scalability projections are that the sights are probably to low in just meeting the credit card use rates.  For every credit care transaction I do, I probably do 50 cash ones, and I don't think that credit care use is as high in most parts of the world as in the US.  (The other thing which bothers me is that already the system is displaying instability at the current tiny use rates and development speed is probably not nearly high enough...begging support from well capitalized entities to lend a hand...)

So, it seems pretty pointless to try to make native Bitcoin be a dominant transaction currency solution.  That leave two choices:

 1) Keep it as a tight 'reserve currency' that can be secured by a large number of autonomous users operating on disposable budgets throughout the world, and ride 'exchange currency' solutions on top of it, or

 2) Grow it just enough to exclude everyone with lower capabilities they yourself...then build second tier exchange currency solutions anyway.

I personally wish to see #1, but as they say, 'if wishes were horses then beggars would ride.'

I project that what will happen will be the gigantic corporations and governments will succeed in growing the solution to a size which will exclude other players, then operate it for 'free' to users while extracting the intelligence info which is worth a lot more to them.

An article I read said that if all credit card transactions in the united states were done in Bitcoins, the block chain would be 600GB per year. If that is the case, then Bitcoin will not be used for day-to-day transactions. I think in ten years I will be 3D printing my food...well maybe more like thirty years from now.

Grow my own, and barter with neighbors who are doing the same.

In 10 years you don't go to the grocery store. the grocery store will come to you at exactly the moment you want it to, with exactly the wares you want.

bitcoins will never replace cash.  just like gold will never replace cash... cash will be used as the intermediary to value-stores, like gold, silver, bitcoins. 

Bitcoins is more like the new gold, not the new 'money'. 

lol. 1 gallon of gas? that'll be one bitcoin please.

In a future resource based economy, there will be no need for meaningless token exchange to gain access to the necessities of life.

Without waiting 10 years, if Bitcoin rises a bit more in value, everybody will talk about it, and every merchant would accept them instead of fiat. Who would be so crazy to refuse?

There was no option to pay with milliliters of gasoline so I chose fiat. I think at the rate gas is increasing it will be worth more than bitcoin in 10 years!

I think most people would need to get paid in bitcoins to want to buy groceries with them. I can't imagine many people getting paid and then converting that money so they can go buy food when they could have bought the food without converting the money.  Doesn't seem very practical, it's cool and all for the nerd in us, but not practical.

Also as I posted earlier, BTC would need to be pretty damn stable for most people to want to buy groceries with it. Groceries is an expense that every family has to deal with and it's usually one of the biggest expenses and it's arguebly the most important expense for a family (no food and you die).  Imagine how frustrating it would be if you worked your butt off to put food on the table, went and bought $200 worth of groceries for a week for your family and then the following day you see that BTC you spend wouldve been worth $300 worth of groceries today.  That would be heartbreaking for many families and few would want to deal with that.

I'm sure nerds like myself though who simply love the idea of BTC will buy things like groceries from time to time,  but 10 years isn't that far away and something as important as food for your family still doesn't seem very realistic

With Litecoin or one of its clones.