Should we all buy a Bitcoin Pizza? | Bitcointalksearch.org

Myleschetty

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Quote from: Fatunad on May 13, 2022, 06:59:09 PM

Quote from: Myleschetty on May 13, 2022, 06:50:45 PM

There's nothing bad about being after making a profit, no one like making a loss but people needs to understand that Bitcoin was not created by Satoshi just to be only an asset.
According to what I read, it was created to make people "financial freedom" and we google that "it means having the financial cushion (savings, investments, and cash) to afford a certain lifestyle"
Automatically Bitcoin should be used as savings, investments, and cash.

Yep, it wasnt intended for money or profit making but rather on that "financial freedom" thing but it cant really be avoided
that people would be minding on how to make money thats why people wont really be tending to make use nor waste it on something
but instead they do save it out because it does have potential in upcoming future although its not assured but chances
is high.

Since Bitcoin was categorized as an asset some people will focus on making a profit through it but using it as the payment method is not a habit of wasting on something because if Bitcoin is not used as a payment method then it failed to achieve the concept and believe of Satoshi.

Coyster

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Quote from: hZti on May 16, 2022, 08:23:42 AM

Well the point of me is, to convert money to Bitcoin and then spend it at a shop that accepts bitcoins. I don't say you should spend bitcoins that you want to keep, I say you should spend money that you spend anyways not in fiat but in crypto to support the adoption.

I wouldn't mind spending my Bitcoin on a couple of my needs if i do get the chance (and i mean 'where) to do so, it is really difficult to do that where i come from, you could of course pay for some goods and services over the internet (online), but a real life payment in a shop/store is difficult to do at the moment. Generally, doing so would depend a whole lot on where the user resides, and how popular shops that accept Bitcoin are in that area.

Of course more Bitcoin users would want to hodl and speculate with their coins in many years to come, but it is of course great to likewise use Bitcoin as a currency when you do have the chance to do so, not that it matters too much how one uses it, cause anyway actually helps with mainstream adoption; whether it is buying to hold or buying to spend, the thing remains that Bitcoin is being bought (meaning there is constant demand).

taufik123

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Quote from: amishmanish on May 15, 2022, 02:20:43 AM

I am thinking of the owner of the bitcoin shop who received those 10000 bitcoin, where he might be now and he might be here on forum itself reading and smiling for those 10000 bitcoins.

The owner of the pizza shop is John Schnatter as the owner of Papa John Pizza. He accepted bitcoin payments which of course at that time bitcoin was still not valuable, maybe Papa John Pizza saw good potential in bitcoin and they accepted it. 10,000 Bitcoin will certainly make the owner papa john pizza very rich if you sell it at this time.
From the history of these transactions, of course, we can learn about how to take advantage of existing opportunities, to believe in something that has not yet become anything. Nothing is too late, even today's investment can still be done, it's just a matter of how we set the targets to be achieved and do good management.

bittraffic

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Quote from: hZti on May 16, 2022, 08:23:42 AM

Well the point of me is, to convert money to Bitcoin and then spend it at a shop that accepts bitcoins. I don't say you should spend bitcoins that you want to keep, I say you should spend money that you spend anyways not in fiat but in crypto to support the adoption.

If there are stores accepting BTC nearby why not spend.

The old folks who traded their BTC at early phase of BTC, didn't become very rich like the Gemini twins because they spend it. Today we refer to them as Bitcoin OG, a discussion on youtube was saying they didn't become rich because during that time like 2013, they were already happy just having a Toyota car. Or thought BTC will pass and die.

Back in the days, I'm spending BTC in casino 0.05 BTC in one dice roll. Today with same value in USD I'm betting 0.00005 BTC. That's a big difference, satoshis are getting very expensive, save more of it.

hZti

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Well the point of me is, to convert money to Bitcoin and then spend it at a shop that accepts bitcoins. I don't say you should spend bitcoins that you want to keep, I say you should spend money that you spend anyways not in fiat but in crypto to support the adoption.

Mauser

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Quote from: hZti on May 12, 2022, 02:30:03 PM

So maybe everyone should once in a while stop HODL for a bit and buy something in a store or online with Bitcoin, so it is used for what it was originally designed for. In my opinion we would never celebrate a "Bitcoin Pizza Day", without users like lazlo that spend coins on real goods even if the amounts might look stupid from todays perspective. What do you think, why is there not more use of crypto in everyday scenarios?

I don't think the Lazlo is a good example for us to stop with HODL and purchase something for ourselves. Paying Pizzas with 10,000 BTC is so sad if you look at the current price. If he had bought a car something nice that he still has today it wouldn't be so painful. The problem for me to use bitcoins or other crypto coins to buy food or drinks is that you consume it one time and it's gone. There is no happiness you can get out of it long time. I agree with you that we should be using bitcoins also for purchases because otherwise sellers will stop accepting them if nobody is using it. For me I would be using bitcoins only for larger purchases, for example my last bicycle I bought with profits from bitcoins. So every time I ride the bike in the city I remember why I got into bitcoins and there are real life things you can buy it. I am also thinking about buying a new PC when the GPU will be affordable again, for such a purchase I might also use bitcoins again. As long as it is something that will be around for years and is a good reminder to take some profits from time to time.

amishmanish

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I am thinking of the owner of the bitcoin shop who received those 10000 bitcoin, where he might be now and he might be here on forum itself reading and smiling for those 10000 bitcoins.

wiss19

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Quote from: Nrcewker on May 13, 2022, 11:53:22 PM

And for this incident only many Bitcoin lovers have high respect for Lazlo.
I guess Lazlo was very much interested into technologies, for which he used to get enough knowledge on Bitcoins at an earlier stage.
In 2010 many places doesn’t have a proper internet connection, and that time using Bitcoin and that too puchase Pizza by trading it needs to have a great mind sense.
Nevertheless many people still complaining that what if he saved those, now he would have become billionaire.
But due to his this trading action, we must all agree that Bitcoins value have risen and we have come here so far.
Really waiting for Lazlo to come back to the forum and share his experience in the earlier days of the Bitcoins.

It is insane if it's done today knowing the value of btc now is completely different from its value that time. In 2010 internet is already a thing and there are now even internet in the phone but bitcoin that time isn't that known and many people are afraid of using it or accepting it as a payment method for buying and selling but still that guy, lazlo have the courage to do it and also props to the person or the store that sells their pizza in exchange for bitcoins.

Laslo's last active date was on 2017 based on his profile here > https://bitcointalksearch.org/user/laszlo-143 but you can still scan his entire post history and see if you can find interesting posts. I am not sure if he will come back here but it's sad that many bitcoin legends are leaving and not returning anymore in bitcointalk.

Wexnident

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Well, I do use Bitcoin to buy stuff sometimes. My latest purchase was iirc my NordVPN subscription? I try to use it for the first time on merchants that I see that accept them, but it is rather rare. Sadly most of them are online payments, I don't think I've come across a merchant store that accepts Bitcoin or any other currency so far in my place (I rarely go outside, so that might be influenced by it). I'd be down to get pizzas with my Bitcoin though, I love pizzas. They wouldn't hurt my wallet that much I suppose.

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Lazlo has lost millions with the purchase of those two pizzas, but he gained legendary status in the Bitcoin community.....and that cannot be bought with money. He is leaving a lasting legacy of being the first person in history ..to pay for physical goods with bitcoins.

A lot of people back then did not believe that people would pay with their bitcoins for goods and services ...and he paved the way for Bitcoin to be used as a currency. Wink

Will I buy a Pizza with my bitcoins? Yes, because I believe in a 20/80 split .....20% spending bitcoins / 80% hording bitcoins. Wink

evilgreed

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I have used bitcoin dozens of times to pay for lots of things both online and offline(with people I know) either for services or for food specially way back 2016-2017. Right now I still do but not as much as before. Do I regret it? A bit, yes. But not to the point the I would really wish I didn't do it. The same could be said for the guy that has bought pizza using his bitcoin. At that time, it was very cheap and it was a fair deal. Anyone would've done the same thing as well had they gotten the chance to do so. Even donators in this forum never thought that bitcoin would go up so high and donated just for the sake of helping since back then it seemed like loose change. While most may think spending bitcoin back then instead or hoarding it was a waste, I think it was not since it helped circulate bitcoin while at the same time, take care of their personal needs, wants or problems by using it back then.

romero121

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Earlier I invested into cryptocurrency mining hardware. By the time I got introduced to a computer hardware shop owner who doesn't have much information about cryptocurrencies and the mining. He got into the selling of mining hardwares. Eventually I wanted to buy some and approached him. He wasn't ready to accept bitcoin, so I cashed out and settled him. After six months he had his own mining rig running. By that time he started to accept bitcoin as payment. So, it all needs time and so I'm waiting for the right time to spend directly on my need.

Rockstarguy

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I used btc to make payment if the seller accept btc as payment, the reason why many people don't purchase things with bitcoin can because many bitcoin is not legalised in some countries. Bitcoin serves for many purposes which can be used to make payment, some people may decide to make it for only for investment by hodling it for a longtime. The major challenge why people find it difficult to spend bitcoin for payment bitcoin not accepted as currency in most countries.

worle1bm

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Quote from: SatoPrincess on May 12, 2022, 03:07:22 PM

Lazlo is a bitcoin hall of famer in my book, we look back now and say what was he thinking? 10 Bitcoins for a pizzza I believe what he did was/is very significant in the history of bitcoin. He’s a true bitcoin lover, he used his bitcoin as a currency to buy an everyday commodity even at the early stages of bitcoin when a lot of people didn’t know what exactly bitcoin would turn out to be. Today, every one seems to hodl

Not 10 but 10k bitcoins for two pizzas which is one of the biggest deal in bitcoin history.We also have bitcoin pizza day celebration on that day where bitcoiners enjoy having pizza or something like that to mark this transaction.You see he has said in some interviews also that he don't regret it and is fine with it even those 10k worth millions today.

Nrcewker

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Quote from: SatoPrincess on May 12, 2022, 03:07:22 PM

Lazlo is a bitcoin hall of famer in my book, we look back now and say what was he thinking? 10 Bitcoins for a pizzza I believe what he did was/is very significant in the history of bitcoin. He’s a true bitcoin lover, he used his bitcoin as a currency to buy an everyday commodity even at the early stages of bitcoin when a lot of people didn’t know what exactly bitcoin would turn out to be. Today, every one seems to hodl

Yes that’s completely insane.
And for this incident only many Bitcoin lovers have high respect for Lazlo.
I guess Lazlo was very much interested into technologies, for which he used to get enough knowledge on Bitcoins at an earlier stage.
In 2010 many places doesn’t have a proper internet connection, and that time using Bitcoin and that too puchase Pizza by trading it needs to have a great mind sense.
Nevertheless many people still complaining that what if he saved those, now he would have become billionaire.
But due to his this trading action, we must all agree that Bitcoins value have risen and we have come here so far.
Really waiting for Lazlo to come back to the forum and share his experience in the earlier days of the Bitcoins.

uneng

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Quote from: hZti on May 12, 2022, 02:30:03 PM

why is there not more use of crypto in everyday scenarios?

Simply because there aren't offers. Everyone needs to buy goods each new day, but if the most cost-benefical offers can't be paid with bitcoins, bitcoin is never going to be used in daily life as currency. When looking which product to buy I go for the best promotion and discount for the respective item I'm looking for. Therefore, I'm not going to pay, let's say, extra 20% or 30% just to use my satoshis for the purchase.

Merchants accepting bitcoin as payment need to become more competitive compared to the big companies of the market, that is all.

Darker45

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If only there is a local store, coffee shop, shopping center, or whatever business establishment that accepts Bitcoin, I would be very happy to spend some Sats in support of their business initiative and in the name of Bitcoin adoption. But there’s none in the locality that I encountered so far. I have only seen businesses with names using Bitcoin or crypto. There’s actually a Bitcoin convenience store and a bike shop called Cryptobikes that I passed by. It’s sad that I haven’t had the opportunity to actually inquire if they accept Bitcoin.

But I have been spending Bitcoin online to pay bills and buy prepaid load. I’ve also had transactions with friends using Bitcoin.

Fatunad

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Quote from: Myleschetty on May 13, 2022, 06:50:45 PM

Quote from: xSkylarx on May 13, 2022, 04:12:06 AM

Quote from: Myleschetty on May 12, 2022, 05:24:45 PM

Quote from: hZti on May 12, 2022, 02:30:03 PM

In my opinion there is an incredible amount of smart people that hold coins and try to make the bitcoin ecosystem better and better. Those users many times strongly believe that bitcoin is better than fiat money, but not so many of them actually use Bitcoin in everyday payments. It is even a good behavior under bitcoin enthusiasts, to hold Bitcoins and never spend them.

In your opinion, those that use Bitcoin every day as payment are not practicing the good behavior of enthusiasts? I think you're more concerned about profit or the market bullish trend than the beauty of the technology. Besides, if no one uses Bitcoin for payment how would it be considered an innovative payment system and how would business owners know if the best mean of payment for border to border transactions?

Yeah, he's just thinking of profit and not using its beauty. I do agree that we should also use it as a payment system because that is the beauty of it now. It is just an investment, but as you can see, most of the people now talking about bitcoin are about gaining profit from their investment. They are looking at bitcoin as a business that could gain them some money, which is true, but its beauty is not appreciated because we are always talking about money.

There's nothing bad about being after making a profit, no one like making a loss but people needs to understand that Bitcoin was not created by Satoshi just to be only an asset.
According to what I read, it was created to make people "financial freedom" and we google that "it means having the financial cushion (savings, investments, and cash) to afford a certain lifestyle"
Automatically Bitcoin should be used as savings, investments, and cash.

Yep, it wasnt intended for money or profit making but rather on that "financial freedom" thing but it cant really be avoided
that people would be minding on how to make money thats why people wont really be tending to make use nor waste it on something
but instead they do save it out because it does have potential in upcoming future although its not assured but chances
is high.

Myleschetty

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Quote from: xSkylarx on May 13, 2022, 04:12:06 AM

Quote from: Myleschetty on May 12, 2022, 05:24:45 PM

Quote from: hZti on May 12, 2022, 02:30:03 PM

In my opinion there is an incredible amount of smart people that hold coins and try to make the bitcoin ecosystem better and better. Those users many times strongly believe that bitcoin is better than fiat money, but not so many of them actually use Bitcoin in everyday payments. It is even a good behavior under bitcoin enthusiasts, to hold Bitcoins and never spend them.

In your opinion, those that use Bitcoin every day as payment are not practicing the good behavior of enthusiasts? I think you're more concerned about profit or the market bullish trend than the beauty of the technology. Besides, if no one uses Bitcoin for payment how would it be considered an innovative payment system and how would business owners know if the best mean of payment for border to border transactions?

Yeah, he's just thinking of profit and not using its beauty. I do agree that we should also use it as a payment system because that is the beauty of it now. It is just an investment, but as you can see, most of the people now talking about bitcoin are about gaining profit from their investment. They are looking at bitcoin as a business that could gain them some money, which is true, but its beauty is not appreciated because we are always talking about money.

There's nothing bad about being after making a profit, no one like making a loss but people needs to understand that Bitcoin was not created by Satoshi just to be only an asset.
According to what I read, it was created to make people "financial freedom" and we google that "it means having the financial cushion (savings, investments, and cash) to afford a certain lifestyle"
Automatically Bitcoin should be used as savings, investments, and cash.

dataispower

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Quote from: AbuBhakar on May 13, 2022, 06:08:52 AM

I use my Bitcoin pay my bills and mobile load since there is an online bitcoin wallet app in my country allow me to use Bitcoin for it while giving me some premium discount when I use directly a cryptocurrency as payment so I literally spending my Bitcoin regularly to pay my regular bills. I convert part of my work salary into Bitcoin monthly then use it that way. I think that's my Bitcoin Pizza counterpart.

Why you did that is because may be your country accept's bitcoin for transaction or payment of bills to certain situations. There is countries that don't want to hear the name bitcoin before any other thing. And i noticed that those countries that is in bitcoin challenge that even they can not buy bitcoins with their bank app and with money in their bank account is really in hell. If i have the opportunity to buying what i need with bitcoin, i will not hesitate to buy my needs with bitcoin

Topic: Should we all buy a Bitcoin Pizza? (Read 468 times)