For me it depends on how much bacon I'm eating. I don't eat huge amounts for someone eating low carb, but I eat a LOT more than I used to before, and so I do try to find organic & or nitrate free when I can. I have a general preference for all things organic and natural (free of chemical preservatives) but I'm not a nut about it. I eat out at restaurants without a fuss, and although my first pass for shopping is a natural foods store, the second pass is a regular grocery store where I fill in what I couldn't find organic (and some other tasty stuff besides).
I think the risk with the nitrates is not immediate stalled weight loss, but rather a long term risk of cancer. For me that means as an occaisional thing, ok, but if I was eating bacon every week for a long time (like maintenance) I'd buy the nitrate free. I tend to eat it about once a month, and I buy organic nitrate free more often than not... For the same reasons, I avoid processed lunchmeats, which also usually have nitrates as preservatives...
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