Need some fuel? Pay with Bitcoin!

Before I begin, let me say that here at TDV we don’t look to take advantage of emergencies to promote our worldview.…
$349.70
519 60
Need some fuel? Pay with Bitcoin!
16 hours ago by jrcornel 74 in bitcoin

That's right, the things you can buy with Bitcoin are expanding! Did you know that you can purchase gasoline with…
$179.03
360 74
••
Chinese Crypto community weekly report 国内虚拟币界见闻八月第四周
2 days ago by jademont 67 in cn

引言 Abstract…
$209.32
57 15
Get Ready For A World Currency By 2018
15 hours ago by alao 59 in bitcoin

While doing my normal surfing on the internet I ran across an intresting and distributing article by Zero Hedge that…
$129.22
122 49
LiteCoin's HUGE Day! Breaks the $70 USD Mark for the 1st time!! More ATH's! Reaches $75 today! MOONING!!! | Charts / Overview / History / Useful Links.
8 hours ago by barrydutton 72 in cryptocurrency

LiteCoin has been on the rise -- the last while, if you have followed any of my blog posts!!!! The VOLUME over…
$101.15
140 33
Submit Your Film to the Bitfilm Contest!
3 days ago by aaronkoenig 67 in steem

As of today, you may submit your film to our online film contest with live screenings in Berlin and Lisbon. The…
$253.97
241 40
Planning the 2018 Global Reset
2 days ago by stan 68 in bitshares

In my last article I pointed out how Max Wright, Jim Rickards, and a host of feckless doomsayers claim that the global…
$220.96
305 58
Some Background Info About Our Film Contest
21 hours ago by aaronkoenig 67 in steem

The announcement of our Bitfilm Contest seems to be quite popular: more than 220 upvotes and lots of positive…
$107.44
96 19
The Dollar Vigilante Performing At The Philly "End The Fed" Block Party
4 days ago by dollarvigilante 73 in anarchy

On September 9th, I would like to invite you to join me at the Philly “End the Fed” block party! Join us as we shut…
$392.49
558 72
Shapeshift Pulling out of Washington State Due to New Regulations
2 days ago by thecryptofiend 74 in bitcoin

Image Source Regulation Madness? I received a message from Shapeshift today saying that they would be…
$123.66
374 100
Bitcoin: Just a retest or start of a larger correction?
2 hours ago by bulleth 61 in bitcoin

BTCUSD is looking a little weak in late Asian trade, pair set another record close yesterday at 4718, but volume…
$63.80
82 13
I'm attending the FIRST ever Steemit Meetup in Chiang Mai, Thailand!!
3 days ago by ashe-oro 56 in steemit

Hello fellow Steemians!! I'm attending the FIRST ever Steemit Meetup in Chiang Mai, Thailand!! I'm fully powered up…
$181.12
100 15
New Video Expresses Thoughts on Steem, Bitcoin, Decentralized Life
11 hours ago by stellabelle 75 in steem

I tried to make a video about the Bitcoin School KC I launched about a month ago, but this is what came out....Steem…
$67.90
231 27
Cyber-Criminals Abandon Bitcoin; Homeland Admits "It's A Lot More Legitimate Than People Think"
11 hours ago by zer0hedge 67 in bitcoin

Regulators in the US, Europe and Asia who’ve sought to crack down on bitcoin – many of these regulators are also…
$65.53
97 10
••
On The Path To A Fairer Future!
6 days ago by teamsteem 70 in joy

Cryptocurrencies are the best investments of all-time and still the best performing financial assets of the last 3…
$729.40
1202 477
Cryptocurrencies Hit All-Time Highs, Gold Spikes Higher As Investors Flee The Stock Market
3 days ago by dollarvigilante 73 in bitcoin

Bank of America Merrill Lynch reported this week that investors had pulled $30 billion from US stock funds over the…
$210.10
499 73
Freedom's Phoenix Radio Show Today
2 days ago by stan 68 in bitshares

Today I will be appearing for an hour on the Freedom's Phoenix radio show at 10am EDT - hosted by famous libertarian…
$109.04
152 17
SEC Suspends Trading in Bitcoin Penny Stock, 3rd One This Month
4 days ago by jrcornel 74 in cryptocurrency

The SEC announced a trading suspension on American Security Resources (ARSC)on August 24th. Technically it's not even…
$228.00
349 52
Back
Need some fuel? Pay with Bitcoin!
16 hours ago
jrcornel74 in bitcoin

That's right, the things you can buy with Bitcoin are expanding!
Did you know that you can purchase gasoline with Bitcoin, at least in some parts of the country?

Texas based oil and gas data company, Oilfield Intel LLC announced a few years ago that they would accept Bitcoin at their retail gas station. This marked the first in the industry to do so.

Then a few months later, the Cosmic Market in Greeley Colorado announced that they would be accepting Bitcoin at their retail gas station and also manually in their convenience store as well.

Those were exciting developments but haven't spurred much adoption up to this point.
Before I begin, let me say that here at TDV we don’t look to take advantage of emergencies to promote our worldview.…
$349.70
519 60
Need some fuel? Pay with Bitcoin!
16 hours ago by jrcornel 74 in bitcoin

That's right, the things you can buy with Bitcoin are expanding! Did you know that you can purchase gasoline with…
$179.03
360 74
••
Chinese Crypto community weekly report 国内虚拟币界见闻八月第四周
2 days ago by jademont 67 in cn

引言 Abstract…
$209.32
57 15
Get Ready For A World Currency By 2018
15 hours ago by alao 59 in bitcoin

While doing my normal surfing on the internet I ran across an intresting and distributing article by Zero Hedge that…
$129.22
122 49
LiteCoin's HUGE Day! Breaks the $70 USD Mark for the 1st time!! More ATH's! Reaches $75 today! MOONING!!! | Charts / Overview / History / Useful Links.
8 hours ago by barrydutton 72 in cryptocurrency

LiteCoin has been on the rise -- the last while, if you have followed any of my blog posts!!!! The VOLUME over…
$101.15
140 33
Submit Your Film to the Bitfilm Contest!
3 days ago by aaronkoenig 67 in steem

As of today, you may submit your film to our online film contest with live screenings in Berlin and Lisbon. The…
$253.97
241 40
Planning the 2018 Global Reset
2 days ago by stan 68 in bitshares

In my last article I pointed out how Max Wright, Jim Rickards, and a host of feckless doomsayers claim that the global…
$220.96
305 58
Some Background Info About Our Film Contest
21 hours ago by aaronkoenig 67 in steem

The announcement of our Bitfilm Contest seems to be quite popular: more than 220 upvotes and lots of positive…
$107.44
96 19
The Dollar Vigilante Performing At The Philly "End The Fed" Block Party
4 days ago by dollarvigilante 73 in anarchy

On September 9th, I would like to invite you to join me at the Philly “End the Fed” block party! Join us as we shut…
$392.49
558 72
Shapeshift Pulling out of Washington State Due to New Regulations
2 days ago by thecryptofiend 74 in bitcoin

Image Source Regulation Madness? I received a message from Shapeshift today saying that they would be…
$123.66
374 100
Bitcoin: Just a retest or start of a larger correction?
2 hours ago by bulleth 61 in bitcoin

BTCUSD is looking a little weak in late Asian trade, pair set another record close yesterday at 4718, but volume…
$63.80
82 13
I'm attending the FIRST ever Steemit Meetup in Chiang Mai, Thailand!!
3 days ago by ashe-oro 56 in steemit

Hello fellow Steemians!! I'm attending the FIRST ever Steemit Meetup in Chiang Mai, Thailand!! I'm fully powered up…
$181.12
100 15
New Video Expresses Thoughts on Steem, Bitcoin, Decentralized Life
11 hours ago by stellabelle 75 in steem

I tried to make a video about the Bitcoin School KC I launched about a month ago, but this is what came out....Steem…
$67.90
231 27
Cyber-Criminals Abandon Bitcoin; Homeland Admits "It's A Lot More Legitimate Than People Think"
11 hours ago by zer0hedge 67 in bitcoin

Regulators in the US, Europe and Asia who’ve sought to crack down on bitcoin – many of these regulators are also…
$65.53
97 10
••
On The Path To A Fairer Future!
6 days ago by teamsteem 70 in joy

Cryptocurrencies are the best investments of all-time and still the best performing financial assets of the last 3…
$729.40
1202 477
Cryptocurrencies Hit All-Time Highs, Gold Spikes Higher As Investors Flee The Stock Market
3 days ago by dollarvigilante 73 in bitcoin

Bank of America Merrill Lynch reported this week that investors had pulled $30 billion from US stock funds over the…
$210.10
499 73
Freedom's Phoenix Radio Show Today
2 days ago by stan 68 in bitshares

Today I will be appearing for an hour on the Freedom's Phoenix radio show at 10am EDT - hosted by famous libertarian…
$109.04
152 17
SEC Suspends Trading in Bitcoin Penny Stock, 3rd One This Month
4 days ago by jrcornel 74 in cryptocurrency

The SEC announced a trading suspension on American Security Resources (ARSC)on August 24th. Technically it's not even…
$228.00
349 52
Back
Need some fuel? Pay with Bitcoin!
16 hours ago
jrcornel74 in bitcoin

That's right, the things you can buy with Bitcoin are expanding!
Did you know that you can purchase gasoline with Bitcoin, at least in some parts of the country?

Texas based oil and gas data company, Oilfield Intel LLC announced a few years ago that they would accept Bitcoin at their retail gas station. This marked the first in the industry to do so.

Then a few months later, the Cosmic Market in Greeley Colorado announced that they would be accepting Bitcoin at their retail gas station and also manually in their convenience store as well.

Those were exciting developments but haven't spurred much adoption up to this point.

The real exciting news comes from an inventor...
Andy Schroder invented a new way of purchasing fuel via Bitcoin.

He designed and built a fuel machine that allows customers to scan a QR code and send Bitcoin instead of using more traditional means of payment to fill up their vehicle.

If this were to catch on, it could change the entire way we as consumers obtain commodities that we use every day.

Schroder hopes to adapt his design to incorporate the new Lightning off-chain payments technology, which would allow for real time micro-payments which could take his payment idea mainstream.

So far, he is having some issues incorporating the technology.
As it operates now, the payment processing system refunds any unused portions of the Bitcoin prepaid amount. A fixed amount is prepaid upfront and the unused portion is distributed back to the customer.

That second part is causing a bit of hangup with using the Lightning technology.

Schroder is currently using Bitcoin Improvement Protocol (BIP 70) which creates a receipt for the customer and also automatically provides a refund address to the seller.

The Lightning invoice protocol doesn't appear to accommodate such refunds.

A possible fix could involve fitting cars with an on-board digital wallet, although that would be more of a longer term fix for the problem and not one that could likely be implemented in the very near term.

Schroder is going back to the drawing board, figuring out how he can make this all work, but if history is any indicator, he will figure out a solution in no time.