Bitcoin Forum

Overstock, now dish. Whats next?  ;D

http://www.coindesk.com/dish-becomes-worlds-largest-company-accept-bitcoin/

"US satellite service provider DISH Network has announced that it will start accepting bitcoin payments later this year.

The Colorado-based company is one of the biggest content providers in America, with more than 14 million pay-TV subscribers.

DISH plans to start accepting bitcoin payments in the third quarter of 2014, but it has not yet revealed an exact date. Once it does, it will become the biggest company to accept bitcoin to date.

Last year DISH Network Corporation reported revenue of $13.9bn. The company has more than 30,000 employees."


"Coinbase will serve as the payment processor for the company, exchanging the bitcoin payments to USD at the moment of transaction."


http://blog.coinbase.com/post/87191857392/dish-teams-up-with-coinbase-to-become-largest-company
http://www.streetinsider.com/Corporate+News/DISH+Network+%28DISH%29+Begins+Accepting+Bitcoin+for+Payment/9533028.html
http://abcnews.go.com/Technology/wireStory/dish-largest-company-accept-bitcoin-23908889
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Wallmart selling butterfly miner?

http://www.walmart.com/ip/Butterfly-Labs-Bitcoin-Miner-10-GH-S-Processor-USB-2.0-BF0010G/34952957

Woot!

If ISP's and power companies start accepting bitcoin I could mine without touching USD.

Fantastic.  Somewhere to land once Comcast buys Time Warner and AT&T buys DirecTV, since I refuse to deal with either of those companies.  Might as well pay them in bitcoin too.

Very encouraging!  This will get other business looking into integrating bitcoin payment too.  Soon it will be a race to allow payment in bitcoin.

Holy shit I pooped myself abit.

Also.. walmart selling bitcoin miners..

Boys and Girls buckle up it's going to be one hell of a ride.

I wonder why they chose BFL. My guess is that they got a great deal or something. I wonder if they would consider selling cointerra 1.6-2 Th or knc jupiters

Testing the waters?  They probably don't want to deal with any pre-order BS can't blame them.  Suprised they are not pushing Bitmaintech gear though.  BFL is werid to push..  They are buying from Tiger D but still you can buy miners at walmart.. cool shit.

Awesome news. DISH network, Walmart selling miners, VC investment and infrastructure developments seems to be happening all the time -- it's time to get bullish on bitcoin. 8)

Let's see.

Overstock starts accepting bitcoins --> BTC Price drops
TigerDirect starts accepting bitcoins --> BTC Price drops

What makes you think Dish accepting bitcoins will result in BTC price INCREASE?

Look at the chart, btc is either holding steady or even decreasing. Most people in the know can tell you that companies currently adopting bitcoins as payment tend to dump them for fiat.

Overstock said at Bitcoin2014 they started holding 10% of all sales.  Merchant adoption is a phase, no need to shit on it.  Also, no reason for this to take us higher, I agree.  The price is not that immature anymore, it assumes that merchants like this will be adopting, it more so expects it.

This is a great news, the adoption between merchants is growing, this will help to spread the word about bitcoins.

Hrrrrm. If they offer a discount, I might consider keeping it around for a while longer. Have been meaning to cancel my account for nearly a month. Dedicated television lines will be dead by daughter's adulthood, I think, like physical phone lines are dying out in my generation. DISH stations, even HD, are very noticeably lower res and lower fps than OTA TV and 480p downloads... seems silly to pay for it, really.

It'd be really nice to always have up-to-date statements when someone bills me. That alone is worth a fair bit to me...

... Gosh, I should've chatted up the propane manager I talked to a couple days ago about it. I can't stand how they bill... no autopay option, and you have to pay if you use the phone to enter CC#. Every time, I have to Google how to write a check, which I literally only have a book of for the propane. :D Only non-automatic payment of all bills (less property taxes, where I have a very similar problem), and we check the mail maybe twice per month, so almost always get a $34 late fee tacked on.

i agree that we shouldn't necessarily expect a huge price spike based on this alone. i think we have all been expecting (well, those of us who are bullish long term) that more and more merchants, including large retailers, will come on board. it's partly baked into the price.

Oh, fwiw - kinda relevant to new discussion - I haven't heard any reports of payment processors dumping coins on the open market. I know BitPay doesn't. Whether or not the buyer would've purchased on the open market if the payment processors couldn't fill the order and prevent slippage is arguable.

that gives me an interesting thought. to this point, we've mainly been seeing small merchants accepting bitcoin. if we see more companies of this magnitude accepting bitcoin, will it drag down the exchange markets? with gradual adoption, and you see this with bitpay, i don't think the push on exchange prices is that significant. but some very big merchants adopting could maybe throw a monkey wrench in the equilibrium.

I'll guess that merchant adoption is going to considerably outpace consumer adoption for a long while yet. A case of 'if you build it, they will come' if ever there was one.

Out of curiousity, how does that affect your long term/mid term predictions for BTCUSD price? Is this condition of merchant vs. consumer adoption outweighed by other bullish factors?

I ain't got a clue.

My gut feeling is that the powers that be, and the people behind the serious money, would prefer to turn it into gold 2.0. More money to be made, less upset to the order of things.

If that is the case then retail use would be a sideline.

Is this official then this is great news
I've seen enough Dish Network commercials to have a name recognition with this company so good to hear.
Still the year of retail and merchant adoption consumers follow next year.