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Bitcoin => Press => Topic started by: bitcoincostarica on January 09, 2014, 08:26:23 PM



Title: [2014-01-09] Overstock.com Is Now Accepting Bitcoins
Post by: bitcoincostarica on January 09, 2014, 08:26:23 PM
http://www.wired.com/business/2014/01/overstock-bitcoin-live/

http://www.overstock.com/bitcoin


Title: Re: [2014-01-09] Overstock.com Is Now Accepting Bitcoins
Post by: Buffer Overflow on January 09, 2014, 08:51:44 PM
So tell me again doomsters, you can't actually spend Bitcoin on anything?

Just listen to the silence.   :D


Title: Re: [2014-01-09] Overstock.com Is Now Accepting Bitcoins
Post by: neilcoleman78 on January 09, 2014, 09:05:08 PM
This was much needed.. Now just sit and wait as other merchants follow..


Title: Re: [2014-01-09] Overstock.com Is Now Accepting Bitcoins
Post by: quone17 on January 09, 2014, 09:15:32 PM
I am actually excited about this.  I would think other retailers will wait and see how Overstock does.  How will Overstock convert it into fiat though?  I thought exchanges needed to be regulated and there weren't any in US?


Title: Re: [2014-01-09] Overstock.com Is Now Accepting Bitcoins
Post by: Henark on January 09, 2014, 09:20:43 PM
Now it's time to ask for Shipito.com (http://www.shipito.com/id_affiliate=3490) for the Bitcoin acception!


Title: Re: [2014-01-09] Overstock.com Is Now Accepting Bitcoins
Post by: bitcoincostarica on January 09, 2014, 09:23:14 PM
I am actually excited about this.  I would think other retailers will wait and see how Overstock does.  How will Overstock convert it into fiat though?  I thought exchanges needed to be regulated and there weren't any in US?

Correct me if I am wrong here but they partnered with Coinbase.com I assume that's how.

Cheers


Title: Re: [2014-01-09] Overstock.com Is Now Accepting Bitcoins
Post by: Carlton Banks on January 09, 2014, 09:36:57 PM
Overstock.com sell cars. A wide selection, from what I'm seeing.

Big news.


Title: Re: [2014-01-09] Overstock.com Is Now Accepting Bitcoins
Post by: giszmo on January 09, 2014, 10:36:10 PM
Ok, so I searched for anything I could actually buy there and when I finally found something I would be willing to buy, there was no option to pay in bitcoin.


Title: Re: [2014-01-09] Overstock.com Is Now Accepting Bitcoins
Post by: Akka on January 09, 2014, 10:37:06 PM
Ok, so I searched for anything I could actually buy there and when I finally found something I would be willing to buy, there was no option to pay in bitcoin.

Bitcoin Payment option is US only  >:( (at least that's the issue for me)


Title: Re: [2014-01-09] Overstock.com Is Now Accepting Bitcoins
Post by: LiteCoinGuy on January 09, 2014, 11:19:49 PM
great news. i would love to buy something but i guess from europe its impossible?


Title: Re: [2014-01-09] Overstock.com Is Now Accepting Bitcoins
Post by: bobdude17 on January 09, 2014, 11:20:42 PM
Ok, so I searched for anything I could actually buy there and when I finally found something I would be willing to buy, there was no option to pay in bitcoin.

Bitcoin Payment option is US only  >:( (at least that's the issue for me)

https://twitter.com/Overstock/status/421388627462324224 (https://twitter.com/Overstock/status/421388627462324224)


Title: Re: [2014-01-09] Overstock.com Is Now Accepting Bitcoins
Post by: LiteCoinGuy on January 09, 2014, 11:29:59 PM
Ok, so I searched for anything I could actually buy there and when I finally found something I would be willing to buy, there was no option to pay in bitcoin.

Bitcoin Payment option is US only  >:( (at least that's the issue for me)

https://twitter.com/Overstock/status/421388627462324224 (https://twitter.com/Overstock/status/421388627462324224)

thx


Title: Re: [2014-01-09] Overstock.com Is Now Accepting Bitcoins
Post by: bitcoincostarica on January 09, 2014, 11:48:02 PM
Is it me or has the market been pretty calm after this announcement.  What do you guys think?

I wonder if thats it!  ???


Title: Re: [2014-01-09] Overstock.com Is Now Accepting Bitcoins
Post by: bitbouillion on January 10, 2014, 12:44:18 AM
The best product on Overstock:
http://www.overstock.com/Books-Movies-Music-Games/Bitcoin-User-Guide-Mine-and-Spend-Bitcoins-Paperback/8336449/product.html?searchidx=0 ;D


Title: Re: [2014-01-09] Overstock.com Is Now Accepting Bitcoins
Post by: btbrae on January 10, 2014, 06:58:14 AM
No Bitcoin option in the UK...


Title: Re: [2014-01-09] Overstock.com Is Now Accepting Bitcoins
Post by: ti3go on January 10, 2014, 08:25:18 AM
It's now time to spend some bitcoins to show them that was a good idea :D


Title: Re: [2014-01-09] Overstock.com Is Now Accepting Bitcoins
Post by: kjlimo on January 10, 2014, 03:10:56 PM
I am actually excited about this.  I would think other retailers will wait and see how Overstock does.  How will Overstock convert it into fiat though?  I thought exchanges needed to be regulated and there weren't any in US?

Correct me if I am wrong here but they partnered with Coinbase.com I assume that's how.

Cheers

Yep, this will certainly hurt Bitpay (https://bitpay.com/?oid=1058_1) a smudge, but I'm guessing it'll ultimately help more than hurt.


Title: Re: [2014-01-09] Overstock.com Is Now Accepting Bitcoins
Post by: Mowcore on January 10, 2014, 03:51:52 PM
Quote
"I'm a big fan of Bitcoin … Regulation of money supply needs to be depoliticized. "
 
-Al Gore, Former US Vice President and
Winner of Nobel Peace Prize

I have nothing against this, none what so ever...just.. doesn't Al Gore have an issue about Co2 and ye ol' climate? lol.


Title: Re: [2014-01-09] Overstock.com Is Now Accepting Bitcoins
Post by: kjlimo on January 10, 2014, 04:24:46 PM
Is it me or has the market been pretty calm after this announcement.  What do you guys think?

I wonder if thats it!  ???

I think there's a fair bit of growth built into the market if you're talking about the price of bitcoin...

So I wouldn't expect a pop after this.  We'll see if there's a sell off, but I'd assume the market has been expecting this for a while.

I think the next mark will be when Overtsock releases how much it has improved their bottom line, perhaps on their earnings call.


Title: Re: [2014-01-09] Overstock.com Is Now Accepting Bitcoins
Post by: bitbouillion on January 10, 2014, 05:56:51 PM
Yep, this will certainly hurt Bitpay (https://bitpay.com/?oid=1058_1) a smudge, but I'm guessing it'll ultimately help more than hurt.

Competition is good, and isn't that a motto of Bitcoiners?


Title: Re: [2014-01-09] Overstock.com Is Now Accepting Bitcoins
Post by: LiteCoinGuy on January 11, 2014, 05:42:55 PM
http://www.youtube.com/watch?v=V7BA1hRmQcU


Title: Re: [2014-01-09] Overstock.com Is Now Accepting Bitcoins
Post by: Dusty on January 12, 2014, 10:19:31 AM
http://www.youtube.com/watch?v=V7BA1hRmQcU
Patrick Byrne just became my new personal hero :)