Post
Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
adamstgBit
on 08/03/2016, 15:37:44 UTC
Please support your assertion that 2-5 cents will buy something to eat.
Where in the world can you buy a snack for 5 cents?  AFAIK not even Thailand/Cambodia/Nepal/India have such cheap food.  IIRC 35 cents is about the lowest you can go for a meal's worth of calories.

If you know better, share the specifics and I'll update Numbeo accordingly.

http://www.dailyfinance.com/photos/food-price-comparison-around-the-world/#!fullscreen&slide=988845

That's ~3 cents per egg btw (for India).

Nice try.  You have to buy a dozen eggs to get them for 3 cents each.

(Morpheus meme kicks in) What if I told you that in a large percentage of the rest of the planet, people don't buy coca colas and beers by the 6packs, eggs by the dozens, and fuel by the gallon?

What if a gave you a link to buy a dozen eggs in India, and they cost 10 cents each?

You made the claim that paying a 3-5 cent tx fee would make the difference between eating and going hungry.

Where would that happen?  Imagination Land?

Is keeping track of every egg sold in India really the best use of Bitcoin blockchain real estate?

Perhaps using zero-fee physical cash (or Litecoin) would work better for the destitute and nearly starving?

No confirmations are needed for RupeeCoins.  Litecoin and Primecoin have much faster blocks.

Why would poor, famished Ari the orphan boy want to use Bitcoin to buy his daily egg, when he might have to wait for an hour or more to get his payment confirmed?

If you have a vanishingly small budget and correspondingly high time preference, Bitcoin isn't really the best fit for your situation.

comments like this is why bitcoin has lost 6% market share in 2 months

NO bitcoin is NOT ready to take over central banking, get over it, we are small potatoes, and we best realize that before litecoin ( or ETH ) steals all the TX vol.