The Kids buying Mcdonald order via BTC - page 4.

bangjoe

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Quote from: Plaguedeath on September 24, 2023, 05:01:50 AM

Quote from: EFS on September 23, 2023, 06:06:04 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.

Bitco55

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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.

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Quote from: Fortify on September 24, 2023, 10:30:35 AM

Quote from: gunhell16 on September 22, 2023, 09:20:21 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 even so, I'm still in awe of how these kids were raised by their parents since even at such a young age, they are progressively learning about the idea and features of how important Bitcoin is to them. I respect parents who do an excellent job of educating their kids.

This shows the paradox of Bitcoin ownership and the mass confusion about how it's to be used in future. What is the point in even using Bitcoin for these type of small transactions, when the fees are often an unnecessary chunk extra and it would be cheaper using a credit card in most situations. Is it a commodity? Is it a currency? Is it an international money transfer service? What is the minimum transactions that are worthwhile for it - hundreds of dollars, thousands? It definitely has useful situations but currencies are most helpful when they are relatively stable, the world economy changes quite enough with costs changing all the time when pegged against a stable currency, why would you want to throw further calculations into the mix?

It comes down to whoever holds the coin though. Whether you as a holder want to spend it as currency or simply want to introduce BTC to your kid as digital gold aka investment.
But that's why it is best to have a stablecoin option for merchants accepting digital USD. More options mean we can save our BTC and not spend it on something that will make the kids obese.

It's never worth it to spend BTC on these merchants when you know that right after they receive BTC, they turn it into USD.

Fortify

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Quote from: gunhell16 on September 22, 2023, 09:20:21 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 even so, I'm still in awe of how these kids were raised by their parents since even at such a young age, they are progressively learning about the idea and features of how important Bitcoin is to them. I respect parents who do an excellent job of educating their kids.

This shows the paradox of Bitcoin ownership and the mass confusion about how it's to be used in future. What is the point in even using Bitcoin for these type of small transactions, when the fees are often an unnecessary chunk extra and it would be cheaper using a credit card in most situations. Is it a commodity? Is it a currency? Is it an international money transfer service? What is the minimum transactions that are worthwhile for it - hundreds of dollars, thousands? It definitely has useful situations but currencies are most helpful when they are relatively stable, the world economy changes quite enough with costs changing all the time when pegged against a stable currency, why would you want to throw further calculations into the mix?

xvacator

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Although it is impressive to see children using a bitcoin wallet, I hope no bad person will ask them to transfer the remaining satoshis in the wallet, especially if no adult accompanies the children to buy burgers at McDonald's.

But I wouldn't let kids buy anything offline using bitcoin. I still prefer telling them to buy using fiat. And I also do not encourage them to buy junk food.

Plaguedeath

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Quote from: EFS on September 23, 2023, 06:06:04 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.

rat03gopoh

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

STT

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I'm glad its fast enough for them to order the fast food, thats a point in favor of BTC if its fluid enough to be convenient for people who presumably will not put up with too much hassle. If they had alot of patience they'd just make the burger themselves really. I'd like if BTC was convenient and easy enough for everything like this.
I'm not so much a fan of how expensive fast food got now but usually its down to finding an offer price available. Ideally BTC circulates between users, I presume McDonalds or whoever is retailing here just puts it back on the market right away.

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to spend or to save?

Spend is totally fine and healthy for anyone who is receiving BTC. The ideal is that circulating back and forth between regular users, just a means to settle bills and both parties accept payment and pay themselves using BTC; nobody is losing out then its just a beneficial circle and you are all holding an appreciating asset not the flaky paper.

serjent05

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Looks like the caption is different from what is shown in the picture. Like what the earlier reply stated it looks like the mother is the one paying in BTC. I clicked the link to check the replies of other people but it looks like the link is not available anymore. Probably taken down due to a minor on the picture, or possibly misleading content.

EFS

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It would be safe to say that in this era, children are born with tablets in their hands. Naturally they can easily use Bitcoin and all kinds of applications including crypto-currency wallets. There is nothing surprising in this.
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!

Hamphser

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Quote from: gunhell16 on September 22, 2023, 09:20:21 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 even so, I'm still in awe of how these kids were raised by their parents since even at such a young age, they are progressively learning about the idea and features of how important Bitcoin is to them. I respect parents who do an excellent job of educating their kids.

Reference: https://twitter.com/naiivememe/status/1705167273609368057

Anything that correlates with adoption and recognition or simply it being used on how its supposed to be used is really that something commendable or really good to look at. For those who do really think that it is

really that a waste of coins then they are just simply looking or focusing too much on investment part and not really that appreciating in speaking about the actual utility on which we know that Bitcoin was created or meant to be used up without having those 3rd party or simply that p2p which this do really shows that example. We are really that still have a huge room to grow when it comes to its actual utility and this image or tweet shows that even children or youngsters do really be able to make use of it which i could say that it is always been that a positive thing. Somewhat i do really have that same feeling that it is really just that
a waste on buying something which you could eventually be able to buy it with fiat directly and holding those coins for long term instead.

Somewhat if this one is really that intended for the sake of demonstrating about what this payment options giving then it is really that something that could be applied and possible.

Unbunplease

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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

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Quote from: Faisal2202 on September 23, 2023, 01:01:17 PM

Quote from: philipma1957 on September 23, 2023, 12:21:40 PM

I am shocked that they are using BTC in a frivolous manner.

But perhaps it means btc will stabilize at a low number say 30k and stay there for decades. Then spend 45 dollars worth won't be as stupid as buying 2 pizzas for 10000 btc was.

So I guess the parents are betting that btc will be stabilized close to the current price it is.

I don't find it shocking because, because for example, many service and product sellers are accepting BTC as payment method, which means on the other hand there is a buyer who is buying those services and products using their BTC. And if all people will start to hold the BTC instead of using it for p2p purposes then things will not be the same and people might not adopt it at first. Think for a second.

If they had paid in fiat, then that would be only $45 dollars which they can also use to buy the same amount of BTC, the point is they had money but they prefer to use that money to buy MacDonald instead of keeping/investing the funds/fiats in BTC. I hope you understand my point.

I don't think there are many people who are using BTC to pay for a burger. If someone knows the history of that pizza guy who brought a pizza for an insane amount of BTC and compares that BTC price in today's market, their feasible response will be to hold it for future gain.

Using BTC instead of Fiat for having trouble with Fiat is a logical explanation. Perhaps they were just trying something new to get new experiences.

JunaidAzizi

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Quote from: gunhell16 on September 22, 2023, 09:20:21 AM

Reference: https://twitter.com/naiivememe/status/1705167273609368057

Op the first thing is correct your link everyone was asking about it as they wanted to confirm the news but I don't know why you still have not corrected it, I personally checked it and found nothing so please give the right link to this news.

Glade to see that the children are learning about Bitcoin at an early age. Bitcoin is a stronger tool that provides financial freedom to people and is necessary to educate children about Bitcoins so that in the future they can make the best decisions about their finances.

The children in your post have the capability to make a Bitcoin payment at McDonald's and it's a very honor for his parents that their child understands about Bitcoin and takes an interest in it. This pic shows that Bitcoin is becoming more popular day by day and it is going to be very easy to make payments.

If you are a father I recommend you to educate your children about Bitcoin tell them, how Bitcoin is important how much it will help them in the future, and also how it provides the concept of investing or saving money.

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Quote from: philipma1957 on September 23, 2023, 12:21:40 PM

I am shocked that they are using BTC in a frivolous manner.

But perhaps it means btc will stabilize at a low number say 30k and stay there for decades. Then spend 45 dollars worth won't be as stupid as buying 2 pizzas for 10000 btc was.

So I guess the parents are betting that btc will be stabilized close to the current price it is.

I don't find it shocking because, because for example, many service and product sellers are accepting BTC as payment method, which means on the other hand there is a buyer who is buying those services and products using their BTC. And if all people will start to hold the BTC instead of using it for p2p purposes then things will not be the same and people might not adopt it at first. Think for a second.

If they had paid in fiat, then that would be only $45 dollars which they can also use to buy the same amount of BTC, the point is they had money but they prefer to use that money to buy MacDonald instead of keeping/investing the funds/fiats in BTC. I hope you understand my point.

philipma1957

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Quote from: Faisal2202 on September 22, 2023, 10:16:42 AM

Are you shocked to see that BTC can be used to buy Macdonald or you are shocked that the kids are buying it and they are getting familiar with BTC technology at an early age? Either way, new generation kids are so modern that, at an early age they are aware of the full usage of smart phones, while when I was a kid, like around 10 to 14 years old, no one gave me smart phones to use, I mean I don't have the privilege to have my own phone so I have to ask elders to use their phones and all they did was, not gave us their phones even for a second, by saying that we might break their phones.

If I recall those memories now and compare them with the current generation then I concluded that this generation is so advance that they knew how to use phones. They knew how to make online transaction via banks. They are now getting familiar with the btc technology. That's not a surprise to see but using btc to pay for products is very surprising. Even though their parents or guardians were helping them, but still, they are learning at an early age and with time they will become experts.

I am shocked that they are using BTC in a frivolous manner.

But perhaps it means btc will stabilize at a low number say 30k and stay there for decades. Then spend 45 dollars worth won't be as stupid as buying 2 pizzas for 10000 btc was.

So I guess the parents are betting that btc will be stabilized close to the current price it is.

Sayeds56

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I am delighted to witness how young people are getting involved with Bitcoin at such an early age. This trend also reflects growing interest in adoption of digital currencies, and serves as testament that how technology is reshaping our financial system. It also underscores the importance of financial literacy and education for growing children for their future well being. However, it is also important for children to understand the risks involved with crypto currencies and digital assets.

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Quote from: gunhell16 on September 22, 2023, 09:20:21 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.

I am not surprised to see that McDonald's is willing to accept Bitcoin as payment for their products, because this has been going on at McDonald's for a long time. As mentioned by voi.id, in September 2021, El Salvador became the first country in the world to allow the use of Bitcoin as legal tender. Since then, McDonald's has accepted Bitcoin at 19 of its stores in the country. This means that this kind of thing has been going on for a long time at McDonald's and maybe there are more children there who know about it so they might be taught by their own parents how to use Bitcoin when shopping at McDonald's.

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But even so, I'm still in awe of how these kids were raised by their parents since even at such a young age, they are progressively learning about the idea and features of how important Bitcoin is to them. I respect parents who do an excellent job of educating their kids.

This kind of thing is worthy of admiration because in other countries there may still be very few children who can use Bitcoin because of certain obstacles such as their parents who may not know about Bitcoin and also their surrounding environment which still does not want to accept Bitcoin like at McDonald's. So what these children are doing is quite good and I am also very impressed with them for this and it is very possible that their parents already understand how to use Bitcoin in several things including shopping.

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Kids ordering McDonald's with BTC is good because it's increasing the popularity of bitcoin. They know and learn about bitcoin from a young age which will make it easier to use bitcoin in the future I think their entire family probably uses bitcoin which is why they got to know about bitcoin at such a young age. By using bitcoin from now on they will get to know bitcoin better and recognize bitcoin as a currency along with fiat currency. Also growing one of the world's leading online travel booking services will expand its bitcoin payment options to include hotel reservations events and more. It's better to learn from a young age because then you won't be disappointed about the use of bitcoin when you grow up.

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Quote from: bayu7adi on September 23, 2023, 05:18:42 AM

The image isn't very clear; I can only make out the amount of 170,000 satoshis, and the rest appears blurry.

However, it's delightful to see a young child using Bitcoin for payment. It aligns with the notion that using Bitcoin is incredibly straightforward, and even a young child can accomplish it. Perhaps the individual who took this photo is the child's parent or sibling, teaching them how to make a Bitcoin payment.

If such payment methods continue to gain popularity and go viral, perhaps people will become more willing to experiment with making direct Bitcoin transactions at merchants.

- I also saw and watched that on Twitter. When the kids even scanned it on the machine, it was around 30 dollars, the equivalent of 170k satoshi that Op says inside McDonald's. It's just different words from the kids, and I have no idea what that country is. When I watched it, the child seemed to be used to it.

I think it's not the only time at McDonald's that they experienced paying at a fast food that accepts Bitcoin; it's just that now that I can't see the video on the link, I have no idea either. As long as that is true, and I also think that happened a few months ago this year, because the equivalent of 170k satoshi was around 30$ when they paid.

Topic: The Kids buying Mcdonald order via BTC - page 4. (Read 774 times)