backstreetboy

Honorary Master
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Jun 15, 2011
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37,562
As a crypto minner ,and a crypto why would spend btc to buy groceries at pick n pay. The whole idea is hodle whatever you have and purchase more btc. Very stupid to do that
No the idea is for BTC to replace fiat money.
 

Johand

Expert Member
Joined
Jan 21, 2005
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2,179
As a crypto minner ,and a crypto why would spend btc to buy groceries at pick n pay. The whole idea is hodle whatever you have and purchase more btc. Very stupid to do that

The achilles heel of bitcoin as a currency. To be anti-inflationary they have created the perfect deflation vehicle so it is always better to hold on to your bitcoin money rather than spend it.
 

Sensorei

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Sep 15, 2008
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6,797
As a crypto minner ,and a crypto why would spend btc to buy groceries at pick n pay. The whole idea is hodle whatever you have and purchase more btc. Very stupid to do that
If you are a trader and want to cash out a small amount of profits , then this is a very convenient way to do it.
 

Corelli

Expert Member
Joined
Jun 20, 2008
Messages
3,661
Hmm who wouldve thought.

You get something from nothing in Pick n Pay.

Effectively Bitcoin is nothing more than a pyramid scheme. It needs money to exist, or to have value. There is nothing physical PnP gets in return. It's basically money for nothing.
 

saor

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Feb 3, 2012
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34,263
As a crypto minner ,and a crypto why would spend btc to buy groceries at pick n pay. The whole idea is hodle whatever you have and purchase more btc. Very stupid to do that
And then what...you just sit hodling your whole life and never enjoy the rewards? There is no 'whole idea'. If I can take some staking or masternode rewards and spend them easily - yeah of course I'm going to do that. I don't need to take my crypto to the grave with me. I'd rather enjoy some of it.
 

saor

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Feb 3, 2012
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Hmm who wouldve thought.

You get something from nothing in Pick n Pay.

Effectively Bitcoin is nothing more than a pyramid scheme. It needs money to exist, or to have value. There is nothing physical PnP gets in return. It's basically money for nothing.
Have fun working for your groceries plebb.
 

Sensorei

Executive Member
Joined
Sep 15, 2008
Messages
6,797
I tried this yesterday and it didn't work for me. I used the CryptoQR to scan the QR code at check out, but instead of opening my Lightning wallet after scanning the code, the payment immediately went off my Google Wallet linked FNB card.

As there is no setting available to configure this it is not possible to have GPay/Google Wallet with your bank card as default contactless payment method if you plan to use this CryptoQR to pay with Bitcoin. You need to disable your Google Wallet payment method first.
 

saor

Honorary Master
Joined
Feb 3, 2012
Messages
34,263
I tried this yesterday and it didn't work for me. I used the CryptoQR to scan the QR code at check out, but instead of opening my Lightning wallet after scanning the code, the payment immediately went off my Google Wallet linked FNB card.

As there is no setting available to configure this it is not possible to have GPay/Google Wallet with your bank card as default contactless payment method if you plan to use this CryptoQR to pay with Bitcoin. You need to disable your Google Wallet payment method first.
Not just a case of holding your phone further away so it doesn't trigger Gpay?
 
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