The Kids buying Mcdonald order via BTC - page 3.

bettercrypto

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Quote from: Strongkored on September 25, 2023, 10:19:55 PM

I think the child's parents only taught them how to pay, not about Bitcoin technology and the children saw Bitcoin as an ordinary means of payment like other digital money which is currently widely available but is centralized. It's okay to teach your child about Bitcoin but it's not a necessity, because there are still more important things that children have to learn than about Bitcoin, and because it's not clear when the transaction occurred, it could be that the price issued is normal for that time and to be a little high for today's.

Besides what you said, maybe the parents of those children are starting to familiarize them with the usage of Bitcoin while they are young; maybe they don't really understand Bitcoin yet, but what is being injected into their minds is that Bitcoin is money that can be used by merchant businesses that accept it.

And then the parents of these children probably know that they won't be able to turn on Bitcoin right away, so in that way, the children will really realize that Bitcoin is a good asset that can be used for such things.

dothebeats

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Quote from: Strongkored on September 25, 2023, 10:19:55 PM

I think the child's parents only taught them how to pay, not about Bitcoin technology and the children saw Bitcoin as an ordinary means of payment like other digital money which is currently widely available but is centralized. It's okay to teach your child about Bitcoin but it's not a necessity, because there are still more important things that children have to learn than about Bitcoin, and because it's not clear when the transaction occurred, it could be that the price issued is normal for that time and to be a little high for today's.

It is a possible narrative, after all the picture clearly shows that the kid is with someone as he orders his food. Moreover, I agree with what you have stated. It is true that teaching Bitcoin to children is not a necessity, nor should it be required. Bitcoin, specifically when it comes to investing, is still far too complicated for them to fully grasp. They have to learn a lot of other things that is essentially when it comes to investing, hence it is better and surely suggested to start small and easy if anyone do ever decide to start introducing Bitcoin to a child. Lastly, it is best to remember that they are kids and they have other more valuable things (at least at their age) they should be learning about and endulging themselves in. Let us not rush our children.

Strongkored

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I think the child's parents only taught them how to pay, not about Bitcoin technology and the children saw Bitcoin as an ordinary means of payment like other digital money which is currently widely available but is centralized. It's okay to teach your child about Bitcoin but it's not a necessity, because there are still more important things that children have to learn than about Bitcoin, and because it's not clear when the transaction occurred, it could be that the price issued is normal for that time and to be a little high for today's.

bayu7adi

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Quote from: Afnan_faizah on September 25, 2023, 09:34:43 PM

[...] i think buying goods using btc will be something that common in the future.

Maybe yes, maybe no. However, given its extremely limited quantity, it poses a challenge for Bitcoin to be adopted by all 8 billion people in the world. Bitcoin's quantity in relation to the global population is a mere 0.2%. Even though that can be expressed with a multitude of zeros and decimals, it remains quite minuscule.

The world requires a currency that not only facilitates swift transactions but also offers lower price volatility guarantees, so that owning it doesn't encourage excessive speculation.

As a currency of the future, it presents substantial difficulties; as an alternative form of currency, there may still be possibilities.

mamesso

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The child did not do it alone, he was accompanied by his parents when buying McDonald's and making payment transactions using Bitcoin. My assumption after looking at the child's face is that he is still around 10 or 11 years old. I am very impressed with the education provided by his parents, the way they introduce Bitcoin to their child is very simple, they immediately take him shopping by making payments using Bitcoin.
This method can change a child's view of Bitcoin, he can see firsthand how valuable Bitcoin is even though it has no physical form.

Afnan_faizah

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now i really see the good progress by look at that picture, although the price is still volatile but i think it will give them good experience. i think buying goods using btc will be something that common in the future. but unfortunately some country prohibit their citizen to use foreign currency.

FinneysTrueVision

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Quote from: The Sceptical Chymist on September 22, 2023, 08:32:51 AM

On the other hand, it's good thing if that kid in the pic is actually into bitcoin. I don't care if he or the parent is blowing it at McDonalds (stupid move IMO) as long as he learns why it's important, i.e., it's a form of money that the government can't control and isn't in the hands of the banking system and that it's a decent store of value.

Using Wallet of Satoshi, which is a custodial lightning wallet, would seem counterintuitive if that is the lesson you're trying to teach to kids. I understand that custodial is more convenient but by encouraging this option it's not much different than telling people to use Visa or a centralized altcoin. In order to understand Bitcoin's true purpose sometimes it is necessary to use more complex and less user friendly options, which might not be ideal for children, but if they are taught properly it can be greatly beneficial in their life to have this knowledge.

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I expect more of this in the future.

As Bitcoin grows in popularity, kids will be more aware that a thing called Bitcoin is existing therefore, they might try to learn it, and use it to pay some things like in this one where the kid, and I think his sister are using Bitcoins to pay their bills in McDonalds. It's good to see this, but I don't want the establishment itself because you can laugh at me on this one, but I'm afraid of their mascot, the clown thing-y. Grin

So it happened in El Salvador then. I guess it's unsurprising knowing how the country embraced the currency. Anyway, I wonder if the McDonalds establishments outside El Salvador will do the same though.

Quote from: The Sceptical Chymist on September 22, 2023, 08:32:51 AM

Hopefully that kid's screen time is kept in check by his parent(s). Too many people, young and older, are glued to their smartphones 24/7. End of aging hermit rant.

I've seen many kids here that're already glued to their smartphones. So bad that they're spending more time with their smartphones than with their family. They're spending more time with their smartphones than making themselves healthier thru exercising. Smartphones is changing the world... ohhh wait they've done it already which is unfortunate if you will ask me. Sad

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The link is isn't working so the tweet was probably taken down by the user or was reported to take down because the pictures were obviously taken without consent, which I hope everyone understands why that's a problem. Anyway, regarding what seems to be happening on the picture, it looks to me like the person (probably the parent, or someone older than the kid) was the one using Bitcoin to pay for the food transaction and not the kid himself. Either way, if I'm gonna go with OP's caption and narrative then I see that as a good thing. Kids these days are born with a tablet/ipad on their hands anyway so it's not surprising to know that there are kids being interested and learning about crypto early, however, I do hope they are getting enough supervision and guidance from their parents since we are after all talking about money here and kids, as clever as they are, can still be easily fooled and scam; we certainly don't want that to be their first experience dealing with crypto.

Majestic-milf

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Quote from: gunhell16 on September 22, 2023, 08:20:21 AM

I just observed a kid on Twitter doing a Bitcoin payment transaction at McDonald's, and it's amusing to see that they can do it. However, I feel bad for the kid because he spent something like 170,000 Sats or something. Its parent must have a sizable amount of Bitcoin.

But on closer look, after going through the video, I saw that those kids didn't actually spend 170,050 worth of sats, rather that was what was in the child's wallet and the actual fee spent was 0.00115729 which when converted to dollars is $30.31. This seems like a fair amount spent on a happy meal for me.

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Quote from: Bitco55 on September 24, 2023, 10:52:17 AM

Don't you think we're probably getting the wrong idea from this photo?
Anyone who owns Bitcoin knows it's worth. Is it even possible for someone to want to waste it on junk, and talk more of such a huge amount? Of course, apart from Laszlo Hanyecs who bought 2 Domino Pizza with 10,000 Bitcoin, I'd personally think that person is crazy.

It is possible the transaction is made for social media posts, just like the earlier reply stated. No one in the right mind to pay extra unless they have this plan in their minds. Flexing to have paid in Bitcoin and bragging them by posting it on social media. Vlogers, bloggers, influencers, and streamers can do anything just to get views and subscriptions, creating a scene that will interest people is not exempted such as this kind of stunt shown by @OP.

crwth

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Whatever they are doing, it's great that they are using disruptive technology and can probably give what they earn to their parents. It's fun to see stuff like this it makes it even more interesting when people try to give way to this and show that it is possible.

What's the next thing that could be done? Hmm.

Mr.right85

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Quote from: The Sceptical Chymist on September 22, 2023, 08:32:51 AM

Mixed feelings about this. First of all, if they're spending that number of sats at Mickey D's, that kid is going to be obese by the time he gets to puberty, and he's probably going to end up with tits and gender dysphoria and all the other modern day maladies the new generation has. I'm not joking, and it makes me anxious.

When a Chymist speaks, you could as well expect some dialysis of the situation and possibly the prescription to keep it at bay. Well done my Chymist on first straw at the incident.

Quote

On the other hand, it's good thing if that kid in the pic is actually into bitcoin. I don't care if he or the parent is blowing it at McDonalds (stupid move IMO) as long as he learns why it's important, i.e., it's a form of money that the government can't control and isn't in the hands of the banking system and that it's a decent store of value.

My thoughts revolves about if it’s just a show for the trends on Twitter or X as we might have it but with no means to verify what the situation is, we might just have perspectives to it and be good.
If them kids are really into bitcoin? I think not. Perhaps it’s my part of the world but, I don’t know what a kid like the once’s I see in that screenshot could do to earn in bitcoin vis a vis, having to spend as they are based on screenshot.
It’s a kid’s move for sure and that means, they aren’t really into bitcoin or don’t know much of it already. Perhaps some gift or some of these inherited coins we discuss. Either way, they are out creating yet another use case that might be talked about in times to come.

terrific

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Quote from: rat03gopoh on September 24, 2023, 03:39:05 AM

Quote from: EFS on September 23, 2023, 05:06:04 PM

What I will say about McDonald's is that I wouldn't spend my precious coins on that junk food. It's overpriced and the quality has dropped significantly.

And stupidly, in order to get another experience of buying with bitcoin or just to get good captures to post on social media, sometimes customers are willing to pay a slightly higher price compared to the price with fiat payments, while they realize that. Grin

On the other hand, we've got also cool kids that have been in crypto. A story 2 years ago that they've been mining crypto and earns a lot since it was the bull run.
These 14- and 9-year-old siblings earn over $30,000 a month mining cryptocurrency
If it's about seeing these kids purchase food through a food kiosk with the payment of bitcoin, this is also another interesting story.

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Quote from: Majestic-milf on September 24, 2023, 05:50:18 PM

It's great these kids are being introduced into the world of Bitcoin but I'm a bit concerned about the price tag tho. That's some cool amount wasted on junk!! I wouldn't want a situation where the child will regard BTC as money you can easily spend on worthless things and as such not attach much value to it. But according to the video I saw, although there's no link visible link, there's an adult who can easily teach him better on how to appreciate Bitcoin.
I'm believing that Bitcoin will appreciate in price in the future that the thought of using even the smallest sats to buy some McDonald's happy meal will be an absurd idea.
I dunno if this link works though, but I feel this directs us to what the Op is trying to pass across.
https://x.com/BitcoinMagazine/status/1705918819598832125?s=20

link is good thank you.

yeah I do not like them buying MacDonalds even if they used LN

Majestic-milf

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It's great these kids are being introduced into the world of Bitcoin but I'm a bit concerned about the price tag tho. That's some cool amount wasted on junk!! I wouldn't want a situation where the child will regard BTC as money you can easily spend on worthless things and as such not attach much value to it. But according to the video I saw, although there's no link visible link, there's an adult who can easily teach him better on how to appreciate Bitcoin.
I'm believing that Bitcoin will appreciate in price in the future that the thought of using even the smallest sats to buy some McDonald's happy meal will be an absurd idea.
I dunno if this link works though, but I feel this directs us to what the Op is trying to pass across.
https://x.com/BitcoinMagazine/status/1705918819598832125?s=20

lassdas

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Quote from: Fortify on September 24, 2023, 09:30:35 AM

What is the point in even using Bitcoin for these type of small transactions, when the fees are often an unnecessary chunk extra ..

Again, if you look at the picture/video, you can see that they're using the "Wallet of Satoshi"-App, which is a lightning wallet.
Fees are quite low on the lightning network.

Quote from: Fortify on September 24, 2023, 09:30:35 AM

.. it would be cheaper using a credit card in most situations.

And there goes your privacy.

Quote from: Fortify on September 24, 2023, 09:30:35 AM

Is it a commodity? Is it a currency? Is it an international money transfer service?

All of the above and more.

Quote from: Fortify on September 24, 2023, 09:30:35 AM

What is the minimum transactions that are worthwhile for it - hundreds of dollars, thousands?

On mainnet it depends on the mempool and your urge to pay for whatever you want,
on lightning you see lots of 1 satoshi transactions, doesn't get much lower than that.

Cling18

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Quote from: Natsuu on September 24, 2023, 11:50:15 AM

Quote from: The Sceptical Chymist on September 22, 2023, 08:32:51 AM

Hopefully that kid's screen time is kept in check by his parent(s). Too many people, young and older, are glued to their smartphones 24/7. End of aging hermit rant.

I guess it's too late for that hope haha. Too many young kids are now enslaved with their smartphones 24/7. Well at least they awaken their technology instinct early on their life right? lol.

Quote from: Unbunplease on September 23, 2023, 03:15:48 PM

On the one hand, it is good that bitcoin is becoming more widespread. On the other hand, in this way people are spending an asset that may grow at least three times in the near future. Therefore, a dilemma arises - to spend or to save? Everyone here chooses their own line of behavior

Well at least they are making good use of it. That kid will learn the value of transacting money. Otherwise, if that experience would benefit the learning of the child, then it will be greater than the price of it's coin holding it to 3x. interest of kids might built from that one transaction on MDonalds. You can always have back the coin or the money, but not the time of those kids being exposed as young as they possibly can.

It's hard to monitor the screen time of kids nowadays especially if they aren't always with us. We can't keep them away from their phones when we are not with them since it's necessary to keep our lines and connections active to stay in touch with them.
However, it's a good thing that children are now getting aware of Bitcoin usage yet as parents, we still need to guide and enlighten them of its value and importance. It's a good thing that they know how to use Bitcoin but we have to properly educate them so they will have a proper knowledge about it and make sure that their age is accurate to understand the risks of using Bitcoin in every transaction.

Natsuu

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Quote from: The Sceptical Chymist on September 22, 2023, 08:32:51 AM

Hopefully that kid's screen time is kept in check by his parent(s). Too many people, young and older, are glued to their smartphones 24/7. End of aging hermit rant.

I guess it's too late for that hope haha. Too many young kids are now enslaved with their smartphones 24/7. Well at least they awaken their technology instinct early on their life right? lol.

Quote from: Unbunplease on September 23, 2023, 03:15:48 PM

On the one hand, it is good that bitcoin is becoming more widespread. On the other hand, in this way people are spending an asset that may grow at least three times in the near future. Therefore, a dilemma arises - to spend or to save? Everyone here chooses their own line of behavior

Well at least they are making good use of it. That kid will learn the value of transacting money. Otherwise, if that experience would benefit the learning of the child, then it will be greater than the price of it's coin holding it to 3x. interest of kids might built from that one transaction on MDonalds. You can always have back the coin or the money, but not the time of those kids being exposed as young as they possibly can.

bangjoe

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Quote from: Plaguedeath on September 24, 2023, 04:01:50 AM

Quote from: EFS on September 23, 2023, 05:06:04 PM

What I will say about McDonald's is that I wouldn't spend my precious coins on that junk food. It's overpriced and the quality has dropped significantly. I don't know if it's the same in other countries, but this is the situation in our country. I prepare the same thing at home, it's much cheaper and nutritious. I can save more Bitcoin as well!

Right, there's no point to spend more money when we have an another option to pay less, if someone said it's for supporting Bitcoin, it's somewhat stupid IMO. Both of using Bitcoin as a currency and as a commodity are supporting Bitcoin, it just depend on anyone choice.

In my country the qualify of junk food is not changed, but I don't eat junk food because it's unhealthy.

Junkfood is not good, but on the other hand the food has prestige, but I don't do it because I don't eat unhealthy foods like that.
But the main point that is discussed is not about junk food, we talk about bitcoin that is used as a payment tool, for people who consider it a place to store this value is very touching and they will never do it to buy their own killer food.

But try to think that it is popular and everyone follows the way but on different purchasing objects such as food, clothes or others using bitcoin and the child follows what his mother did about Bitcoin, indirectly that Satoshi's purpose was getting closer.

Topic: The Kids buying Mcdonald order via BTC - page 3. (Read 808 times)