Bitcoin Forum

Saw this item on Amazon  http://www.amazon.com/999-Fine-Copper-Bitcoin-Commemorative/dp/B00DEY7JYO/ref=sr_1_4?ie=UTF8&qid=1388288211&sr=8-4&keywords=bitcoin   It is a commemorative Bitcoin.  Purchases now possible only with cash or credit.  My guess is I will be able to buy this item on Amazon using Bitcoin for next year's Christmas season.  I am interested in other estimates on when this will happen. 

Amazon won't accept it unless everyone else has first. They have their own redeemable "coins".

If it gets truly big, and truly global, Amazon won't have a choice though. They would need to do it because they completely rely on quick shipments, quick payments, and high volume.

They won't ignore the new wealthy elite.




If I had to pick a date it would be at least 2 years down the road.

Some further info on acceptance; take a look at this article from Bloomberg Businessweek; http://www.businessweek.com/articles/2013-12-27/does-it-make-any-sense-for-overstock-dot-com-to-accept-bitcoin  The CEO of Overstock.com says by mid 2014 they will accept Bitcoin.  This was also listed by NY Times http://bits.blogs.nytimes.com/2013/12/26/overstock-to-embrace-bitcoin-giving-the-currency-a-lift/?_r=0   Black Monday for 2014 online purchases will most likely have many merchants accepting bitcoin, and if this occurs, how much will this drive up the value of the Bitcoin?  Is $2,000 likely if this happens? 

As Long as the BitCoin has a quick USD sale, anybody and any company can get into it without risking much. The real challenge would be for it to stand as a real currency (not linked so much to dollars)

If Overstock pushes other big online retailers into accepting BTC as well, I could see it.

Then again it won't need much help as I think it'll be well over $1200 by next winter.

IMO, Amazon will never accept Bitcoin because it's too shady of a currency and the value changes too much. Amazon sells too many items at too various of prices and they have too many sales for it to be worth adding.

The only reason Amazon would add BTC is if everyone with plastic currencies dropped dead.

Hate to say it, but it's true. I agree 100%.

i agree with that too, but then again i/we could be wrong. jeff bezos is a libertarian after all. but it would need to make sense for them to do it as a company first.

Not anytime soon, Bitcoin has to adopt more + make buying Bitcoins much easier

It's hard to say something like this,maybe it will happen or not at all.I suppose it won't be any soon.

Amazon may accept BTC in the future, but it wont be for a while yet. I think if the currency gains more mainstream traction with other merchants getting on board, then I think Amazon will too, but they wont be the first big retailer to adopt it.



Is he? He seems just like another greedy tax-avoiding capitalist to me.

@Cgriswold Actually that isn't possible to pay something with Bitcoin on Amazon however you can still found some independent seller.

the acceptance might come, but first, BTC has to stabilise itself and I dont see this coming in the near future. Right now, it is more of an amazing volitile digital commodity with some payment options.

Depends how you define 'near future'. I reckon it will stabilise eventually, but it will take time.

More likely that Amazon will come out with its own currency.

They can try, but I don't see why people would adopt it.

Reason #1

Because it's fricking Amazon.

Reason #0
They allready have their own currency http://www.amazon.com/gp/feature.html?docId=1001166401
Thats also the reason why I think they will never accept bitcoin.

So people will buy into amazon's currency so they can spend it on Amazon? Might as well just vouchers. And any company can create their own money, but it wont be cryptocurrency.

If they did would it be 100% pre-mined?

Doubtful.

They'd probably "mine" it by offering rewards programs to get it into circulation. But it can only be spent on Amazon, issued by Amazon, etc. and might offer some value that cash doesn't, like "X amount off orders worth $Y" or expedited shipping, reduced sales tax, whatever.

Amazon likes to handle things in-house... they're the largest shipping operation in the history of humankind. Tens of thousands of outlets and warehouses. A whole internal system.

This kinda seems the opposite of what cryptos are about, but I guess it's only a matter of time before some corporation tries their own pre-mined Corporatecoin.

Oh, and YEAH, YEAH, YEAH!

http://blog.39degreesnorth.tv/wp-content/uploads/2010/10/bono_in_africasmall.jpg

10 years or more I guess

No corporatecoin would ever be accepted by the masses or the media; not even Amazoncoin.  After Overstock adopts btc, it is likely other retailers will follow.  Another thread could be started on when Ebay/Paypal will accept.  Bitcoin takes profit away from them so, actually more unlikely for EBay than Amazon.   However, Online Retailers save money by using Bitcoin- - - No 1.5% payment to process creditcard plastic fees.  This is big money & this is why online retailers will adopt someday.

I hope its less than that. I reckon we'll see quite a bit of growth next year. Hopefully many high streets will accept BTC within five years.

Corporatecoins may be used for individual sites as they try cash in on the trend, but I can't see their mass appeal.

Hopefully Overstock's dealings in BTC will be a successful one and more will follow suit. I really think Bitcoins future depends on some big merchants successfully getting behind it.

Ebay/paypal could still utilise Bitcoin, they just need to build it into their system and take a cut automatically. I think ebay should build its own marketplace as there's obviously demand for this.

2nd quarter of 2014

its not gonna happen any time soon. as everyone else is saying everyone has to be using it before they accept it

i think they create her own coin

Still going with Late November 2014 (black Monday availability) Amazon will not offer before Overstock.com who targeted mid 2014 for BTC acceptance. http://bits.blogs.nytimes.com/2013/12/26/overstock-to-embrace-bitcoin-giving-the-currency-a-lift/?_r=0  When Overstock.com makes the move, there should be a significant rise in BTC price.

For an even money bet I'd go with never. I think it's more likely some other crypto will beat bitcoin sooner or later and that at some point amazon will accept some sort of crypto.

My guess: all webstores will accept bitcoin payments by the end of 2016. It doesn't necessarily have to be bitcoin, but most probably it will because of it widest spread adaptation.

I think it may be longer than five years. Seeing as the china ordeal was quite a blow to bitcoin. Some have even said that this de-legitimizes bitcoin. Some have said that the china ordeal has doomed bitcoin to life on the fringes. But this may be offset by the rise of other crypto currencies. Perhaps pressure from rising use of these currencies will make amazon and other shops relent. I saw that google has invested in some other cryptos like ripple, say it may be that they will accept such currencies for use on amazon play. Come to think of it, I kind of think that online subscription services/download services like itunes, or ultraviolet, or amazon prime instant video, netflix, would also jump on the bandwagon. Here we are trading digital services/goods for digital currency, as opposed to digital currency for phyisical goods. Its sounds neat though not necessarily cheaper. Maybe beginning with smaller shops and their adoption will lead to bigger online retailers accepting cryptos.


But the way forward some have said would be to drive greater adoption. What are the safeguards for cryptos against inflation, if any? Im new to all this.

2016 xmas ;D

I think they will wait and see how overstock does before accepting Bitcoin. 2016 looks like the most likely answer. the advantage to amazon is lower fees than credit cards and no charge-backs. it is a smart business decision. As long as they convert to US$ at the time of sale there is no risk to them.

Amazon will not accept bitcoin or any other crypto any time soon.
Amazoncoin is far from a coin, except for the name, it's like a voucher, I guess they tried to used the word coin to make it "rebrand" the voucher thing.
Overstock, as a first, will be a big experiment, we will see how it goes.

By the way, why do you think Amazon pays the standard rate to plastic? They must have a better deal

I think Christmas 2014 is a good guess.
Anyhow, I am convinced that the day will come so I'm holding on to my precious BTC until that day comes :)

Amazon is most likely still paying 1%.  This is an incentive to move away from plastic and the banking system.

Hopefully soon after Overstock rolls it out. That's gonna be the big ticket that tests the waters. Once other retailers see Overstock's success, they'll join in.

Considering it's 2014 (for a lot of people) and Amazon still doesn't accept paypal, it's hard to say when they'll embrace BTC.   

Overstock is awesome, but the day Amazon accepts it, BTC goes to the moon as I think that officially will make it mainstream.

They're already experimenting with Kindle Coins. I would image they will accept it through a third party ala bitpay by end of 2014.

amazon-coin would be a nice idea. Ebay-coin or some coin that replaces giftcards

My prediction is that it is dependent on the media, how much attention and acceptance bitcoin gains will dictate adoption.
In saying this, I suspect it shall be June/July 2014.

OK, Overstock.com moved their acceptance date for Bitcoin forward by six months and took their first online order today with BTC for a patio set. http://finance.yahoo.com/news/bitcoin-comes-overstock-ceo-locks-170200259.html  My initial guess of Amazon accepting for Cyber Monday/Black Friday is now looking pretty solid, unless of course, they move forward as well.  Price of BTC is going up as a result.