Topic: The Kids buying Mcdonald order via BTC - page 5. (Read 808 times)

I am happy to hear that their parents were behind them instructing them about what to do. Believe me, this is a wonderful story because children are been introduced to Bitcoin and they can grow up to appreciate the ecosystem. But I will not allow children to use my wallet to buy anything. It is very risky to me because this child might not understand privacy and cybersecurity. Maybe the wallet has a few amount of money so it can be used for such experiment but I would not want to teach innocent children what to do when they incidentally have access to my wallet. Just a click can make you lose a fortune. The ideal age for me to introduce Bitcoin to Children is 17 years and they will be well-informed about privacy and wallet security.

Yeah you guys been to a McDonald’s lately, it’s so expensive you are better off going to a restaurant pretty much. They used to have coupons but now they rarely do. Only deals were with this coupon books. Still not great but better.

BigMac meal here in Canada $12 or so. Some of the double big Macs and speciality burgers at $15. And at that point you can just go to a restaurant. I’ll cost the same but it will take longer.

It is also not impossible if their parents are involved with Bitcoin and if their parents want to teach their children to trade with Bitcoin. Maybe his parents have a lot of bitcoins and maybe they invest in bitcoins as well as buy the necessary things with bitcoins and therefore their children may have inculcated the habit of trading with bitcoins. There are many parents who try to introduce children to Bitcoin from childhood and there are some guardians who keep children away from Bitcoin and introduce children to Bitcoin when they are of age. If these children get enough experience with Bitcoin from a young age, they will become more proficient with Bitcoin in the future.

Supposing the kids were really making an order at McDonald's, that sure is a good thing. Whether the kids, being kids, don't understand the system behind Bitcoin and even fiat, that's not the point I guess. I guess what matters is that they had an actual encounter of buying a food they love using Bitcoin. That will certainly leave a mark in their minds that Bitcoin is a currency because once upon a time they bought burgers and fries with it.

I dont really think that they understand Bitcoin at that age but I guess it's still a great thing that these kids are getting exposed to Bitcoin at a very early age since that could help them learn a little about Bitcoin probably when they get older they already have an idea about it and that could interest than in the forum to actually learn Bitcoin and cryptocurrency not just using it as a payment on Mcdonalds since it would be advisable because of the huge fees most of the time, I mean this Bitcoin and cryptocurrencies wasn't really mean for payment at this time because of its volatile market price and huge fees, I would only recommend it as an investment, I mean it is great as an investment but wasn't ready to be used as a payment method but probably it would be possible in the future, there is some centralized platform that offer very low fees on cryptocurrency transactions but it's a centralized platform so I would really trust putting my bitcoin there for sure.

We can assume that this image is taken back in the day when cryptocurrency was still not a thing and there were a lot of people who doubted it, But at the moment cryptocurrency is already adopted in a lot of platforms so if you're going to use it as a payment there will only be low fees compared in the past that's for sure.

Huge if true. Imagine how much of our kids will be into bitcoin in the future if there are more of them that are interested with how it works as early as today, that will be massive!

I share the same sentiments as Sceptical Chymist though, in terms of how they spend it. While I think teaching your kids how to use bitcoin is nothing at all bad, and is great even especially if you're really selling the benefits of bitconi and not just willy-nilly telling your kid that either bitcoin is a cash cow that you can milk for as long as you live, or a glorified payment system so you can send uncle john money from where he lives without anyone tracking him or charging him deathly high fees for it, the fact that they are using the money and they have probably done this more times too, to buy Mcdonald's meals is just idk, iffy. Kids today should be given proper food that is nutritious and is not going to fatten them up. There are other healthier choices out there for sure that could accept bitcoin or something.

It is great sincerely to see kids who understand, dicipher and apply complex information which have caused many adults to be in awe. The subject of BTC isn't new and with new kids being born daily, the latest parents are more remotely employed and have more anonymity with transactions or do more savings there and have to hint the kids incase something happens to them and they are left puzzled with wallet address they can't understand.

It's no wonder many parents who have toddles or are expecting new babies migrate to more developed countries or regions so as to afford a better learning experience for their young ones on the future developments that will in no time be of more benefit to those who understand it than those who are still trying in bits to understand it.

If we look at the picture above, some people will think differently because some people think they are at a Bitcoin ATM, but we cannot access the source of the information because maybe the user has deleted his post on Twitter, hopefully the account user will convey the truth about the children who buy food using bitcoin payments at McDonald's restaurants.

We are very proud to see the growth in user adoption of bitcoin, bitcoin is not just a commodity asset but they are also used as currency, so anyone who has bitcoin in their wallet will have two advantages for long-term investment asset needs and can also use bitcoin as currency (without being converted ) to purchase any item with instant payment. However, the most extraordinary thing is that there are children who are already knowledgeable about using bitcoin for payment purposes in restaurants

The company behind McDonald's don't have control over the restaurants, each franchises have different owners and they can implement different things to make their services much better than other franchises, it just so happens that this McDonald's have the bright idea of having bitcoin as a payment option.

It is truly amazing and incredibly fascinating to witness how the younger generation is becoming increasingly familiar with cryptocurrencies. It's great and impressive to see them adapt to new technologies, learn, and use applications like Bitcoin. This is a testament to the changing landscape of financial and technological education and the fact that Bitcoin is becoming more and more mainstream. It highlights the evolving nature of financial education and the growing interest in cryptocurrencies across all age groups.

Understanding cryptocurrencies and blockchain technology can provide them with valuable skills that could help them achieve financial success in the future. It's commendable that some parents are teaching their children about these technologies at an early age. However, I wonder if they also understand the risks and responsibilities associated with handling digital currencies.

Thank you for sharing this interesting observation! It's always exciting to see real-world examples of how technology is evolving and being adopted by the next generation.

But I wonder why this was deleted. Was it deleted by the person who posted it or by the X moderator?

Now I am thinking about how I will pass on my knowledge to my nieces and nephews or how I will teach my future children about crypto.

How do you guys know this is a pay point for McDonald's...? It can be a Bitcoin ATM in a McDonald's restaurant or it might not even be in a McDonald's restaurant.. 

In any way.... the kids are the future of Bitcoin and we should be happy that there are kids willing to use it as a currency. Most people today wants to use Bitcoin as a commodity and the currency side of things are neglected. 

That's ridiculous, what are they buying that costs that much  

For those of you saying that they don't know the calculation, I doubt that, because every wallet, I don't care which one they used, always show the dollar value.

Maybe someday, they will look back at that number of Sats they sold and realize that they wasted that tinny amount of Bitcoin because its value is way higher than before.

We all want to see people spend their Bitcoin on food items and other things, use it as a means of payment, well to the world now, Bitcoin is better kept as gold than use as money, it's only those that knows not much about Bitcoin spend their Bitcoin, majority of people will prefer to hold for long term and use something else for payment.

Wherever this is, this seems an interesting adoption that's happening somewhere in the world. Maybe it's just these kids are pressing the buttons but the actual wallet is owned by their parent or guardian. But what's more interesting is that this McDonalds is accepting Bitcoin.

I've just found an old article that a branch of McDonalds accepts Bitcoin in Lugano, Switzerland so maybe this is the place since the article also mentioned about the kiosk.
Article: McDonald’s starts to accept Bitcoin and Tether in Swiss town

Going through above discussion it seems we have completely mixed thoughts about the tweet, the news and the picture itself. Sometimes I think why such great news are always end up with so much confusion? Reminds of history channel where they show UFO videos recorded by normal peeps and guess what they are always blurry, sucked into hell fire and what not.

Why some great event like this always has confusing records? So we have a kid who’s paying with bitcoin wallet at billion dollar food chain store and the news comes with a tweet that is too not available anymore. What a dull stuff man. Thought it was something great, detailed article and everyone is appraising it. Hope so someday it becomes more evident.

I tried to search the internet about this and came up with random things that do not relate to any kids paying their bills with Bitcoin. All I see is adults doing it. As the link from Twitter is not working and nowhere to find the real thing, I am a bit disappointed. But with all the videos and articles I saw upon searching, it seems like this event took place in El Salvador or Switzerland. Most of the McD in those counties are accepting BTC.

But everything aside, the new generation is really getting into the technological stuff quickly. And this gives us a great learning point. We are the ones to guide the next generation towards the future. As the parents are helping their children to understand the concept and teaching them how it works is good to see. I hope every parent at some point teaches their children about Bitcoin.

Probably the tweet is not more visible because I also tried to view it, but it was not viewable. From all the indications, these children's parents are into bitcoin, and they may have some bitcoin in their wallets. They have guided these children in the right way to be independent of banks and governments; they will grow up with financial freedom; they will grow up as bitcoin experts if their parents teach them about bitcoin well; and I am sure they will have a bitcoin wallet set aside for these kids as their future investment.

I didn't click on the link but I see the child's parent making the payment.  The matter is both good and bad. The good part is that this child's parents are introducing him to bitcoin. As a result, the child is getting an idea about bitcoin.  As a result, he will be able to use this knowledge later.  And the bad part is spending so much on McDonald's. As this kid gets older, his needs will increase. He is not learning the proper use of money which may affect his future.  But if the child's parents own a lot of money, then the matter is different.

It’s either this payment was made by this kids parent, or their parent gave them that bitcoin to use and make their daily purchase, because what they bought and paid with bitcoin is approximately 45$ if the members who made the calculation is correct, which if converted to my local currency is a whole lot of money, and kids spending that right now on a daily basis means they are going to spend a whole lot of fortune within a month or year which they might later leave to regrets, that’s if Bitcoin price appreciates more than this and they happen to revisit their transactions history, it might be a thing of regret.

Buying something and paying with bitcoin is really a good idea as it shows that the currency is being put into good use, but when the one who have their hand on it don’t know how to careful use it, it might be some sort of asset abuse.

Except what actually happened was:
They actually paid for some big portions because they went there with their parents. When it came time to pay, they were instructed to do so at the cashier and the parents just documented them from behind.  I personally doubt that it was their initiative, in fact they don't know how much 170k sats is equivalent to.

Hope they spent the satoshis on healthy stuff.
Bitcoin is too valuable to be spent on junks. The sats are better saved than spent on things that are not as valuable or profitable.
If you must spend your bitcoins spend them on things that compensate for the profits the bitcoins would have given you in the future. If you wish to spend them on foods, spend on the good ones that can make you productive enough to work sufficiently to produce things that are greater or equal to the amount of profit you would made from saving the coins. If you wish to invest the bitcoins on something else make sure the future profit from the investment is equal or greater than future profit from the bitcoins. And it's much better to spend the bitcoins in Bitcoin economy, or better still, in economy (decentralized one atleast) that uses Bitcoin as currency.