I have bought burritos and other food using bitcoin many times. When the option is available I usually take it. It is very straightforward, scan a QR-code and press send. Sure it required me to acquire some bitcoin and install an app, but let's not forget that getting my credit card and learning to use it was not trivial either. But yes, if people have already done the time investment in getting a credit card there will be an extra time investment to get into Bitcoin.

Fixed this for you!

There is a massive fraud risk to the establishment and you're paying more (in some cases substantially (~$20) more).

All in all a very stupid move for everyone involved. (Well depending on how mining fees are handled. Someone is being a dumbass every time.)

You can buy a burrito using a Bit pay card. You can actually wait to btc price to pump, hurry xfer btc to Bitpay, and you can effectively get free burritos if you're good at trading.

**** Bitpay. I had a bitpay card for a month and a couple merchants commented on how they haven't seen a card without a chip for a long time. Low and behold my account gets fraudulently cleaned out. I'm thinking, ok no big deal, I'll call them up and it'll be instantly refunded like I've had in the past on other credit cards. Nope, they wanted me to contact the merchants which were in India to tell them the charges were fraudulent and I may or may not get my money back. 99% sure the merchants were just BS companies the carders set up to make charges.

Thankfully it was only $200 and I said F that and just wrote it off.

Bitcoin promotes gambling, illicit activities? Btc gets stolen/ hacked all the time? All of the above sounds like it could be the centralized us dollar.

If I'm paying for a burrito making the correct choice of using usd vs btc matters to the business owners more than me. Would you rather have an average Joe pay you with Btc verified on the blockchain? Or...

Risk receiving a counterfit bill (1/4000 bills are fakes)? Do the pen test, hold it up to the light?

Okay my visa will fix this right? Wrong. People steal and print tons of fakes. Or steal someone's wallet or purse. It's a billion dollar business, fraud.

Fraud is everywhere you look. But please don't say that Btc is not secure.

If you’re trying to rationalize reasons why a resteraunt would allow bitcoin payment the number one reason is that’s what the customers want. If you get more business because you offer crypto payment then businesses will offer it. The current issue is no one really wants to buy burritos with bitcoin because the mining fees are way too high on small transactions.

That's why you use a loadable card. Give it some time. You might see mainstream adoption and better services with lower fees.
Just like the Internet in the 90's, would you not use the Internet back then because it was bulky and slow?

You would use the internet because even though it was bulky and slow there wasn’t anything else like it. You could drive to the library for certain things but that was even slower. You can’t really use this analogy with bitcoin when it comes to buying burritos because clearly there are faster more efficient ways to do so.

People using bitcoin to buy burritos in 1st world countries are doing so because they like to use bitcoin. Until bitcoin gets some sort of more efficient ledger for micro transactions most people won’t want to buy burritos with bitcoin.

If you really want to buy burritos with bitcoin that badly the way I would do it is load up a gift card to my favorite burrito place on a gift card app/site that accepts bitcoin and offers gift cards to your favorite burrito place. These gift card sites sometimes offer a discount for buying with bitcoin.

Nothing better than a "BTC" transaction that doesn't occur on the blockchain and relies on an existing centralized financial processing system.

Keep on dreaming kids.

You need to be smart and think. Bitcoin has many advantages. Doing lots of small purchases will rack up fees. That's why you load something up like a prepaid card. Lots of options with the security chip embedded visa coming soon. Monaco (free card), Tenx, and more.

Good points and questions. hope my answers help somewhat.

Haha, you might be surprised...

This is the beauty of blockchain, see Factom

Haha, not sure if trolling, that vid is ridiculous. I'm def no Vitalik fanboy.

Vitalik is a moron.

why would you want to spend valuable Bitcoin (and potential high, variable fees) on a gah damn burrito? Much rather fork over some germ infested 1 dolllar bills.

Canadians selling eth's to go holiday shopping and pay for those mortgages.

@barbartheidiot
@kazuya
@imjosh

Don't use reddit for forming theses on ethereum

They are a bunch of broke dust traders.

The flippening, joke.
Icos, joke.

can we get a check-in on @imjosh please?
These last 2 days cannot be good (!de RATIO!)

Please elaborate. It seems to me that people want very much to get into the hard fork just like last time except it’s even more pronounced now becauss people understand how the fork works better.

I sold my ETH for MTL at 210k and my portfolio is now down close to 50% due to the sell off for BTC. RIP. Just going to hold and pray $ comes back to it after split, if not oh well I only put in a couple month salary

As an investor or trader, when your idea is proven wrong, you have to know when to cut your losses.


Letting an investment or trade sour to -50% is completely negligent.

Never heard of MTL, so I went to website and saw the plan "We Are Shaping Digital Money.
Transfer money instantly around the globe with nothing more than a phone number. Earn rewards every time you spend or make a purchase. Ditch the bank and go digital."

SMH

LOL.. sorry, that's worthless. So they linked a phone number to a crypto wallet essentially? When you can earn "loyalty coins" by spending money.. GTFO.

You need to learn the difference between what is innovative, and what's some **** app some dude created.