On: Bitcoins can now be used to pay for Domino’s Pizza

[bobsy]

GBP... The price of a Domino's pizza hasn't changed in the last 6 month's in my area. With this site the price could feasibly change several times in a single day.

[iso-8859-1 → bobsy]

I think you missed the point. It all depends on what you consider the true price. If you measure in gold, your price fluctuated too. When Bitcoin gets world domination, GBP will be the one flucuating in comparison to Bitcoin, for the same reasons Bitcoin is fluctuating now.

[bobsy → iso-8859-1]

As someone who doesn't own quantities of gold and doesn't travel around the world much the true price of anything for me is GBP. I think a lot of people would think the true price of something is that of their local currency.

I don't know what America is like. In the UK the Domino's website is very good, very easy to use. Sure you can use BitCoin but I don't understand why someone would want to use BitCoin and pay a premium to do it.

[BCM43 → bobsy]

They don't want other people to know they are buying pizza?

[bobsy → BCM43]

Who would know?

At least on the UK version of the website you can pay with cash on arrival. This would remove any credit trial.

Even without a credit trial Dominos would have a record of a pizza being delivered to your address.

[jiggy2011 → BCM43]

I thought bitcoin transactions were signed with a personal key and added to a blockchain which is distributed to every bitcoin user worldwide?

If somebody can match your key to your person they can see your entire purchase/sell history.

[MacsHeadroom → jiggy2011]

>If somebody can match your key to your person they can see your entire purchase/sell history.

Which is why keys aren't attached to individuals and can be changed with every transaction.

Yes, some traceability is inherent to blockchain crypto-currencies. But using them anonymously is still easier than with any other electronic payment method.

[dlgeek → BCM43]

Except for the delivery guy?

[ams6110 → bobsy]

If they are hungry, low on cash, and have bitcoins?

[jonknee → ams6110]

They would be better off exchanging the bitcoins and using Dominos.com directly.

[bobsy → jonknee]

Aha! We have our niche.

The perfect service for people with bitcoins, who want Pizza, who do not have any cash or any means of converting bitcoins into cash (bank accounts).

I suppose it has a novelty value. Its also a middle finger to anyone you have shown bitcoins to who have said you can't buy anything with them.

[nanidin → bobsy]

If you bought bitcoins when they were significantly cheaper and wanted to avoid taxes converting them back to your currency, this would have value.

[wolfpackk → bobsy]

You are severely misunderstanding the use cases of bitcoin

[eli_gottlieb → iso-8859-1]

The whole issue is that the pizza-seller takes GBP, or USD, or CAD, or whatever, not bitcoin. Thus, if the price of pizza fluctuates day-to-day in Bitcoin due to the fluctuating exchange rate, using Bitcoin by conversion to GBP or USD to buy pizza is pretty dumb.

Call me when a pizzeria starts actually taking Bitcoins.

[rmc → iso-8859-1]

It all depends on what you consider the true price.

What you use to pay for the pizza.

[iso-8859-1 → rmc]

Makes no sense to measure fluctuations without a reference. Are you saying the numerical value solely determines the price? If so, the pizzas were very very expensive in Italy before they got the Euro.

[taligent → iso-8859-1]

> When Bitcoin gets world domination

Now is that before or after Linux dominates on the desktop and Apple goes into bankruptcy ?

[iso-8859-1 → taligent]

Several years after the release of Duke Nukem Forever.

[jimmaswell → iso-8859-1]

that already happened..

[pyre → bobsy]

Well, that's a function of the 'true price' being measured in a different currency than the one you're paying in. Some retail businesses that accept foreign currency rectify this with a flat exchange rate.

For example, in Canada businesses (at least on Southern Ontario) will generally accept payment in USD instead of CAD, but they tend to have a flat exchange rate (e.g. 1 USD = 1 CAD or 1 USD = 1.10 CAD). If they priced the exchange rate to the current exchange rate as measured by some currency exchange, that would be different.

You run into this same issue when using a US credit card in Canada. The credit card company will exchange (and usually charge an extra ~1% charge). IIRC, they use up-to-date exchange rate info, so technically the price in USD is constantly changing.