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Lightning Pizza Lets You Order Domino’s With Bitcoin For Less Than 1 Cent

Lightning pizza lets you order domino’s with bitcoin for less than 1 cent

Lightning Pizza Lets You Order Domino’s With Bitcoin For Less Than 1 Cent

Lightning pizza lets you order domino’s with bitcoin for less than 1 cent

A new consumer app enabling anyone in the US to order pizza using bitcoin via the Lightning Network launched last week.


LN Pizza ‘Spurs Awareness And Adoption’

Lightning Pizza, the latest offering from San Francisco-based bitcoin payment app Fold, claims to be the “first Nation-wide retail service powered by lightning payments meant to spread utility and spur awareness and adoption.”

Users are able to select pizza from Domino’s for collection or delivery to any US address.

Payment is done with bitcoin, specifically using the Lightning Network, allowing the off-chain transaction to confirm almost instantly with a fee of less than one US cent.

“Every order is 5% off, <$0.01 transaction fees, instant settlements and ~30min delivery time,” developers promise.

The service is currently in an initial phase, with users reporting they were unable to access the full range of Dominos products available via the regular menu order process.

Fold already offers users the option to pay for products from Uber, Starbucks and other brands using bitcoin.

Lightning Reaches New Heights

The Lightning Pizza launch comes at a timely juncture for Lightning, with the ongoing Lightning Torch initiative generating considerable publicity for the protocol.

As Bitcoinist reported, the Torch, which is a relay transaction circulating around the network, has seen involvement from figures including Twitter CEO Jack Dorsey. A push to make Tesla founder Elon Musk get involved continues.

Following confirmation of the full rollout February 13, Fold hinted at prospective expansion plans for Lightning Pizza on social media. These include support for more delivery options, as well as branching out beyond the US market, with Canada first in line.

The service should also appear in the European Union, officials said, without giving specific country details.

According to data monitoring resource 1ML, at press time, Lightning had broken its size and capacity records yet again this week. There are currently almost 6520 nodes, 26,000 channels and a capacity of 673 BTC – a monthly increase of 36 percent.

What do you think about Lightning Pizza? Let us know in the comments below!


Images courtesy of Shutterstock

The post Lightning Pizza Lets You Order Domino’s With Bitcoin For Less Than 1 Cent appeared first on Bitcoinist.com.

source: https://bitcoinist.com/lightning-pizza-lets-you-order-dominos-with-bitcoin-for-less-than-1-cent/

Published at Thu, 14 Feb 2019 16:00:56 +0000

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Legendary Investor Howard Marks Admits ‘I Don’t Understand What’s Behind Bitcoin’

After calling bitcoin a ‘fad’ and a ‘pyramid scheme’ the man who called the dot com bubble has admitted that he does not understand what is driving the value of bitcoin, which keeps rising seemingly unhindered.


While many, including traditional investors, come around to bitcoin and get on board with the digital currency that keeps breaking records in terms of its value, some are still stubbornly skeptical, and a little confused.

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Where is the Value?

Howard Marks, the billionaire investor who made his name on Wall Street from calling some major investment bubbles, including the Dotcom bubble, said on CNBC’s Fast Money Halftime Report that he can’t figure out the actual value of bitcoin.

Speaking about this new-age currency, Marks said:

It’s not a medium of exchange, it’s a medium of trading, so I can’t see any intrinsic value, I don’t understand what’s behind bitcoin.

He later added:

For me, there is only one kind of investing: When you look at something, you don’t think, ‘Is it going up or down tomorrow?’ … You say, ‘What is the intrinsic value?’ and then you say, ‘Can I buy it for less? […] There is no intrinsic value in bitcoin.

Value of Bitcoin tops $4000

Value Keeps on Rising

Despite this doyen of traditional investing stating that there is no intrinsic value to the most famous digital currency, its value recently topped $4,000. As such, there are very few assets in the world that can even come close.

Fundstrat co-founder Tom Lee, CEO of Ritholtz Wealth Management Josh Brown as well as another investing legend Bill Miller, are all in the opposite camp of Marks’ as they have thrown their full support behind this up and coming skyrocketing asset.

Lee believes it will be the top performing asset at the end of the year while Miller has said that he is the proud owner of bitcoin.

Don't get left behind

Left Behind

Marks was happy to concede on the show that perhaps the digital currency was a technology and an asset that he was simply too old to understand.

“Maybe I’m just too old and too much of a dinosaur to understand bitcoin,” Marks said jokingly.

However, Marks has still been bold enough to compare bitcoin to other bubbles that have gone back as far as the 1900 Tulip mania in the Netherlands. It is through his popular memos that the former Oaktree Capital co-chairman warned about a crash in bitcoin.

Should people worry about what these traditional investors think? Is bitcoin breaking the mold and setting its own precedents? Let us know in the comments below!


Images courtesy of CoinMarketCap, Shutterstock, Thomas Lee/Bloomberg

The post Legendary Investor Howard Marks Admits ‘I Don’t Understand What’s Behind Bitcoin’ appeared first on Bitcoinist.com.

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