Why Bitcoin Block Space is like Starbucks Coffee
Recently I’ve seen a number of people in the Bitcoin ecosystem commenting that they think Bitcoin blocks should always be completely full. This is analogous to thinking that Starbucks should always be completely sold out of coffee. Block space is like coffee in that it is a consumer good. When consumers buy coffee, they are expressing their desire for....
Related News
Ever wanted to buy a cup of Starbucks coffee with your bitcoins? With Coin For Coffee, now you can. As its co-founder and CEO Matt Luongo explained to CoinDesk, Card For Coin leverages Starbucks' existing gift card infrastructure to process payments using digital currency. He put it simply: "We want people to be able to spend their bitcoins wherever they want." How it works. Coin For Coffee sports a simple interface. Users choose how much they want to upload (ranging from $5 to $50). After confirming a user's email address, the system produces a bitcoin address in which to deposit the....
The nonfungible tokens, or NFTs, are minted on a proof-of-stake blockchain built by Polygon. According to a new post on Monday, Starbucks says it will offer its U.S. members the ability to earn and buy digital collectible stamps in the form of nonfungible tokens, or NFTs. Dubbed "Starbucks Odyssey," each collectible digital stamp has its ownership verified on the blockchain and will include a point value based on its rarity. As more stamps are collected, members' points will increase, unlocking access to unique experiences. The iconic coffee chain says that rewards range from receiving a....
There seems to be no end in sight for the block size debate as the Bitcoin community continues to go around in circles trying to drive the same set of points home... The Bitcoin block size debate rages on. It has been almost a year since we started hearing the Bitcoin community fiercely contesting about whether to increase the bitcoin block size from the existing 1 MB or not. Both the sides have so far come up with some valid arguments, of which few are very convincing towards both the causes. Recently the “Jesus of Bitcoin”, Roger Ver wrote an article about why the Bitcoin block size....
Innovative digital experiences are e a top priority for the coffee giant. Introducing social gifting is an intriguing idea that can be quite successful in China. Paying for Starbucks coffee can be done in a multitude of ways. Cash, payment cards, or even Bitcoin are all acceptable payment methods. But WeChat feels left out, and came up with a plan to rectify the situation. Through a strategic partnership between Tencent and Starbucks, a new social gifting feature has been created. This brings a new era of mobile payments to coffeeholics all over the world. WeChat its one of the most....
US Bitcoin payment gateway iPayYou has announced direct Starbucks integration for Bitcoin users. Customers using the Starbucks mobile app can now use iPayYou to purchase items directly using Bitcoin with the automated conversion of funds to USD. The tool, dubbed ‘Bitcoin Direct to Starbucks,’ is an extension of the startup’s Black Friday release of Starbucks gift cards for Bitcoin, along with gift cards for other major retailers. CEO: Starbucks integration ‘no-brainer’. IPayYou Founder and CEO Gene Kavner said in a press release: “Integrating with Starbucks was a no-brainer, as the company....