[fosap]

But you can't order Pizza (or drugs) with Bitcoin anymore. And I don't see much of use case of a currency that can't do that. Without adoption a fiat currency like bitcoin is not worth anything.

Even gold can do that better.

[wolco]

Why would 5 extra dollars stop drug purchases or pizza? It cost 7 dollars extra to get just eats or ubereats to deliver food which doesn't many.

[CryptoPunk]

And this is a perfect example of the disconnect that is behind the current problems in the Bitcoin community. Why would 5 extra dollars matter for a pizza purchase? Are you kidding?

[pandler]

Delivery services charge for value added services. We are talking about payment processing fees.

For someone making minimum wage in the US, that $5 is on the order of 40 minutes of labor just to make a single payment. That's simply not viable.

[tom_mellior]

True, but someone on the minimum wage is not the current target of businesses that accept Bitcoin. Their target market is more likely techies, probably reasonably well paid, and in particular with Bitcoin holdings that have appreciated over time. For these people, $5 may not be a big deal, and in particular it may be an even lesser deal since it's not priced in dollars but in Bitcoin. If my Bitcoins have appreciated tenfold since I bought them, that $5 fee suddenly corresponds to only $.50 that I put in in terms of dollars. Also, such people are interested in seeing Bitcoin succeed in the long term, and supporting the network with fees, even such high ones, is one way of contributing towards that. If you want, you can see Bitcoin's "value added services" as supporting real-world use, which supports a high price for the Bitcoins you bought for cheap.

So... fitting squarely into the stereotype sketched above, I don't mind that much paying a few dollars for ordering a couple of pizzas. My problem (as mentioned in a cousin comment) is the annoying unpredictability of the fees.

[taysic]

But if Bitcoin is competing with another crypto such as Bitcoin Cash when buying the pizza... why not just buy it for next to no fee with Bitcoin Cash? Doesn't matter who the target is - its a no brainer. People don't want to spend extra money.

[tom_mellior]

> But if Bitcoin is competing with another crypto such as Bitcoin Cash when buying the pizza...

Is it? Where do I have the choice to pay with Bitcoin Cash?

> People don't want to spend extra money.

So they shouldn't use Bitcoin Cash, which at current exchange rates buys them fewer pizzas per unit than Bitcoin does.

[UncleMeat]

Techie here. Paid well. If I have the choice to pay $15 for a pizza with a credit card and $20 for a pizza with BTC I will choose the credit card every time.

[wolco]

It is not that simple. Bitcoin fees are 2 dollars usually and merchant fees are 4%+ on credit cards on a 50 order is about 2 dollars.

As a techie I might consider using bitcoin even if the confirmation time is high.

[tom_mellior]

Good for you. If I have the choice to pay $15 for a pizza with a credit card and $0 for a pizza with BTC I bought a long time ago at 1/500th of their current value, I'll factor in several things.

[davrosthedalek]

Reverse sunken cost fallacy? It doesn't matter what you paid for the BTC, it only matters what they are worth the moment you buy the pizza.