Why Bitcoin is not going to be used for coffee payments if nothing changes?
Outside of matrix, there is different reality. There is a place i really like to go for a coffee. It is called Paralelní Polis.
They do accept bitcoins for everything there and they do not accept national currency CZK. They have ATMs to prevent colision with law.
This is really an extraordinary place.
The story of a cup
One would have thought that fee of bitcoin transactions used to be low and supporting cheap coffee transactions. But I discovered that I believed in the "good old times" yet I was right but in the time further from now. It was before big rise of bitcoin in march/april of 2013. Those were the times when Bitcoin was really a nice money for buying coffee or Pizza. (Of course the volatility was a different problem)
These times it takes at least 2 CZK to pay just for a fee. You do not have instant transaction, but there is usualy mutual trust between parties in the example of coffee purchase. You can pay fee as big as 10 CZK in spike. It means you pay 23% of transaction just for fees.
The times of Bitcoin coffee are gone?
When bitcoin can't be properly used for coffee, it does not mean it is bad, it just means this market is no longer for bitcoin.
I would like to introduce you into Dash. Digital Cash is one of the most inovative cryptocurencies. Its vision is about scalability and it already has plans for 2mb blocks that reached consensus in hours!
With Dash you have freedom to pay for everything with fess lower than 0.01 USD. With InstantSend you can send instant transactions for equivalent of 0.09 USD (But it will change in days as new version of client is about to be published.
Dash is breathing down on Bitcoin's neck
Dash is about to have more wallets like Mycelium and Jaxx. Mycelium currently supports only Bitcoin. This is a strong signal. Dash is going to be second most usable cryptocurrency very soon. and Jaxx integretion is on its way even longer.
This article was about a small part of dash's features. You can learn more at dash.org and in these Dash Detailed videos as well.
Renaissance of crypto coffee
We could make Paralelní Polis a place with cheaper coffee, first time in the history.
Please visit their facebook and ask them if they could accept Dash. There is going to be Hackers Congress in late September. People from around the world will apreciate this option.
I suspect that it might be related to the value of your CZK relative to bitcoin. I ran a quick conversion calculation, and 2 CZK comes out to .08 USD, which is not that big of a deal for something that's going to charge a transaction fee, at least here. If we go to a bank atm to withdraw cash, it's good odds that there will be at least a $2.00 fee for that, if not higher.
we are used to pay some fees in banks, yet ATM withdrawals are usualy free if you go with your own bank.
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Nice @psychologyrad
Shot you an Upvote :)
Upvoted
Nice @psychologyrad
Shot you an Upvote :)
Nice @psychologyrad
Shot you an Upvote :)