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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 d

by bobsy 14y ago

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 14y ago
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 14y ago
  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.
  - ams6110 14y ago
    If they are hungry, low on cash, and have bitcoins?
    - jonknee 14y ago
      They would be better off exchanging the bitcoins and using Dominos.com directly.
      - bobsy 14y ago
        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.
        wolfpackk 14y ago
        You are severely misunderstanding the use cases of bitcoin
        nanidin 14y ago
        If you bought bitcoins when they were significantly cheaper and wanted to avoid taxes converting them back to your currency, this would have value.
  - BCM43 14y ago
    They don't want other people to know they are buying pizza?
    - bobsy 14y ago
      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 14y ago
      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 14y ago
        >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 14y ago
      Except for the delivery guy?
- taligent 14y ago
  > When Bitcoin gets world domination Now is that before or after Linux dominates on the desktop and Apple goes into bankruptcy ?
  - iso-8859-1 14y ago
    Several years after the release of Duke Nukem Forever.
    - jimmaswell 14y ago
      that already happened..
- rmc 14y ago
  It all depends on what you consider the true price. What you use to pay for the pizza.
  - iso-8859-1 14y ago
    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.
- eli_gottlieb 14y ago
  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.
pyre 14y ago
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.

by bobsy 14y ago

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 14y ago

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 14y ago
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.
- ams6110 14y ago
  If they are hungry, low on cash, and have bitcoins?
  - jonknee 14y ago
    They would be better off exchanging the bitcoins and using Dominos.com directly.
    - bobsy 14y ago
      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.
      - wolfpackk 14y ago
        You are severely misunderstanding the use cases of bitcoin
      - nanidin 14y ago
        If you bought bitcoins when they were significantly cheaper and wanted to avoid taxes converting them back to your currency, this would have value.
- BCM43 14y ago
  They don't want other people to know they are buying pizza?
  - bobsy 14y ago
    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 14y ago
    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 14y ago
      >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 14y ago
    Except for the delivery guy?
taligent 14y ago
> When Bitcoin gets world domination Now is that before or after Linux dominates on the desktop and Apple goes into bankruptcy ?
- iso-8859-1 14y ago
  Several years after the release of Duke Nukem Forever.
  - jimmaswell 14y ago
    that already happened..
rmc 14y ago
It all depends on what you consider the true price. What you use to pay for the pizza.
- iso-8859-1 14y ago
  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.
eli_gottlieb 14y ago
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.

pyre 14y ago

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.