Cryptocurrency is crashing, are you in or out?

[Ljink96]

GProgrammer said:

Ljink96 said:

There are some establishments that take bitcoin, like the KFC in Canada that is going to be taking Bitcoin this year. And it's only going to become more wide spread as the mainstream jumps on.

I highly doubt anyone will do this, Do you know how bitcoin works?

Heres sort of how such a transaction will take place

person goes into KFC

Can I have 3 pieces of chicken cost $10,

cashier : OK that will be $30

person: but it says $10

Cashier: yes but add $20 extra for transaction costs

person: fine heres $30 bitcoin

Cashier: OK come back in 48 hours once the transaction has gone through and been approved and then we will give you your 3 pieces of chicken

Yes...I do know how bitcoin works. This isn't a new concept either, there are a lot of places that already accept bitcoin as payment. I don't think they'll hold you at a restaurant until the transaction goes through. (it has to be delivered I think) This is also another reason why Ethreum is also becoming more mainstream because it can handle transactions much faster. So Bitcoin is a first step but Ethreum should almost negate this conversation. 

Besides...it does work...

https://www.thesun.co.uk/tech/5343653/kfc-bitcoin-bucket-cryptocurrency/

https://www.theregister.co.uk/2018/01/15/kfc_bitcoin_bucket/

The wait times suck, but it works. 

Last edited by Ljink96 - on 16 January 2018