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Ted Cruz Wants to Use Crypto in U.S. Capitol Vending Machines

10 points by rmason 4y ago

strangattractor 4y ago
Here is the process. 1. Tell your Senate minion to run down and buy a Tab softdrink and fetch it back. (Gotta watch the weight) 2. Try to figure out why the softdrink cost 0.000125 BTC yesterday but is 0.000087 BTC today. Wait 1 to 1.5 hours while transaction is verified. https://originstamp.com/blog/here-is-why-bitcoin-transactions-take-so-long/#:~:text=How%20long%20does%20a%20Bitcoin,to%201.5%20hours%20to%20complete https://originstamp.com/blog/here-is-why-bitcoin-transaction... 3. Return with fetched Softdrink. 4. Catch plane to Cancun while constituents freeze.
- welshwelsh 4y ago
  Lol it would use the lightning network if this was actually implemented. Transactions will be instant
  - namaria 4y ago
    Lol needing clearing houses for point of sale functionality is a really bad sign
  - CyberDildonics 4y ago
    That would mean someone with BTC would have to sign up and put their money on a specific lightning chain before using the vending machine. That still has to share bitcoin's 1 KB/s throughput for the whole world and the transaction will cost more than what someone is buying. Good luck with that while trying to buy a bottle of water. No other cryptocurrency has this problem.
- deleted 4y ago
  [deleted]
olliej 4y ago
This kind of bs is simply virtue signaling for libertarians. Even if it did pass it wouldn’t impact him, just the plebs in and around the Capitol, so why would he care?
- bediger4000 4y ago
  Is Cruz really a libertarian? I mean, he backed Trump completely, and most Trump policies weren't particularly libertarian
jqpabc123 4y ago
[flagged]
- hotpotamus 4y ago
  Ted Cruz is a Senator and at one point considered a serious contender for president and I suspect you are not. I think he's an immoral snake of a man who values nothing above his own ambition, but to dismiss him as a simpleton is foolish.
- MandieD 4y ago
  He might have decided that his fastest path to the Senate (indeed) and presidency (failed... so far, anyway) was to play the stereotypical big-mouthed, empty-headed Texan, but he went to the Ivies for his undergrad and law degrees and has successfully argued in front of the Supreme Court. In his first major election, he managed to out-compete the well-liked, widely-respected then-Lieutenant Governor David Dewhurst in the 2012 Republican Senate primary, which of course, pretty much is the election in Texas. I'll grant that he lost to the contemptible Trump in 2016, but so did everyone else. Ted Cruz is loathsome, but not a simpleton. He's reaching out to millennial/Gen X men who fancy themselves tech savvy "libertarians" and who are (sigh) the upcoming ruling class in Texas once their fathers really retire. After growing up around them, I now only have to deal with them a week or two each year when I fly back to visit family.
strangattractor 4y ago
I have a better idea. Pass a law REQUIRING Ted Cruz to pay for everything with BTC.

10 points by rmason 4y ago

Here is the process. 1. Tell your Senate minion to run down and buy a Tab softdrink and fetch it back. (Gotta watch the weight) 2. Try to figure out why the softdrink cost 0.000125 BTC yesterday but is 0.000087 BTC today. Wait 1 to 1.5 hours while transaction is verified. https://originstamp.com/blog/here-is-why-bitcoin-transactions-take-so-long/#:~:text=How%20long%20does%20a%20Bitcoin,to%201.5%20hours%20to%20complete https://originstamp.com/blog/here-is-why-bitcoin-transaction... 3. Return with fetched Softdrink. 4. Catch plane to Cancun while constituents freeze.

welshwelsh 4y ago
Lol it would use the lightning network if this was actually implemented. Transactions will be instant
- namaria 4y ago
  Lol needing clearing houses for point of sale functionality is a really bad sign
- CyberDildonics 4y ago
  That would mean someone with BTC would have to sign up and put their money on a specific lightning chain before using the vending machine. That still has to share bitcoin's 1 KB/s throughput for the whole world and the transaction will cost more than what someone is buying. Good luck with that while trying to buy a bottle of water. No other cryptocurrency has this problem.
deleted 4y ago
[deleted]

olliej 4y ago

This kind of bs is simply virtue signaling for libertarians. Even if it did pass it wouldn’t impact him, just the plebs in and around the Capitol, so why would he care?

bediger4000 4y ago
Is Cruz really a libertarian? I mean, he backed Trump completely, and most Trump policies weren't particularly libertarian

jqpabc123 4y ago

[flagged]

hotpotamus 4y ago
Ted Cruz is a Senator and at one point considered a serious contender for president and I suspect you are not. I think he's an immoral snake of a man who values nothing above his own ambition, but to dismiss him as a simpleton is foolish.
MandieD 4y ago
He might have decided that his fastest path to the Senate (indeed) and presidency (failed... so far, anyway) was to play the stereotypical big-mouthed, empty-headed Texan, but he went to the Ivies for his undergrad and law degrees and has successfully argued in front of the Supreme Court. In his first major election, he managed to out-compete the well-liked, widely-respected then-Lieutenant Governor David Dewhurst in the 2012 Republican Senate primary, which of course, pretty much is the election in Texas. I'll grant that he lost to the contemptible Trump in 2016, but so did everyone else. Ted Cruz is loathsome, but not a simpleton. He's reaching out to millennial/Gen X men who fancy themselves tech savvy "libertarians" and who are (sigh) the upcoming ruling class in Texas once their fathers really retire. After growing up around them, I now only have to deal with them a week or two each year when I fly back to visit family.

strangattractor 4y ago

I have a better idea. Pass a law REQUIRING Ted Cruz to pay for everything with BTC.