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campaign to get Amazon to accept Bitcoin
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Topic: campaign to get Amazon to accept Bitcoin (Read 5942 times)
BTCtrader71
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Re: campaign to get Amazon to accept Bitcoin
April 16, 2014, 10:13:09 PM
#61
Quote from: zolace on April 16, 2014, 09:57:46 PM
And there's no way they can support the transaction volume that would come from Amazon.
I wonder if they are waiting for the bitcoin ecosystem to be big enough to support their volume. If so ... it's just a matter of time.
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14oTcy1DNEXbcYjzPBpRWV11ZafWxNP8EU
mktrader
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Hello World!!!
Re: campaign to get Amazon to accept Bitcoin
April 17, 2014, 03:50:20 AM
#62
Quote from: Bigeyeone on March 13, 2014, 04:15:41 PM
Quote from: TTM on March 13, 2014, 03:05:24 PM
Accepting cryptocurrencies is too risky for mainstream business. I guess Amazon will not adding BTC as payment method unless BTC become popular. It will take long time. Our best option is to spend more coins at Overstock. Unfortunately, most of bitcoin users just ... hold and wait for exchange price to increase, they don't want to spend any of their precious coins.
Overstock not a mainstream business
Oerstock is a mainstream business with 2013 annual revenues amounting to $1.30 Billion.
Source:
http://www.overstock.com/about
Price Poll: bitcointalk.org/index.php?topic=555609
freedomno1
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Learning the troll avoidance button :)
Re: campaign to get Amazon to accept Bitcoin
April 17, 2014, 03:52:33 AM
#63
Amazon would be an interesting addition to Bitcoin but give it time they will either make amazon coin or realizing the competition is out there and getting a revenue stream they aren't diversify into it.
Believing in Bitcoins and it's ability to change the world
niothor
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in defi we trust
Re: campaign to get Amazon to accept Bitcoin
April 17, 2014, 06:22:34 AM
#64
Quote from: mktrader on April 17, 2014, 03:50:20 AM
Quote from: Bigeyeone on March 13, 2014, 04:15:41 PM
Quote from: TTM on March 13, 2014, 03:05:24 PM
Accepting cryptocurrencies is too risky for mainstream business. I guess Amazon will not adding BTC as payment method unless BTC become popular. It will take long time. Our best option is to spend more coins at Overstock. Unfortunately, most of bitcoin users just ... hold and wait for exchange price to increase, they don't want to spend any of their precious coins.
Overstock not a mainstream business
Oerstock is a mainstream business with 2013 annual revenues amounting to $1.30 Billion.
Source:
http://www.overstock.com/about
They've ranked outside the top 20 online shops in the US. So , they are hardly mainstream.
Big , yeah , but not one of the key players by far.
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RockHound
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Re: campaign to get Amazon to accept Bitcoin
April 17, 2014, 01:08:01 PM
#65
Quote from: niothor on April 17, 2014, 06:22:34 AM
Quote from: mktrader on April 17, 2014, 03:50:20 AM
Quote from: Bigeyeone on March 13, 2014, 04:15:41 PM
Quote from: TTM on March 13, 2014, 03:05:24 PM
Accepting cryptocurrencies is too risky for mainstream business. I guess Amazon will not adding BTC as payment method unless BTC become popular. It will take long time. Our best option is to spend more coins at Overstock. Unfortunately, most of bitcoin users just ... hold and wait for exchange price to increase, they don't want to spend any of their precious coins.
Overstock not a mainstream business
Oerstock is a mainstream business with 2013 annual revenues amounting to $1.30 Billion.
Source:
http://www.overstock.com/about
They've ranked outside the top 20 online shops in the US. So , they are hardly mainstream.
Big , yeah , but not one of the key players by far.
The players list:
http://en.wikipedia.org/wiki/List_of_largest_companies_by_revenue
if one these guys got on board, probably would be good for
BTC
How's the campaigning going? Wrote to Amazon again today (different department)
bryant.coleman
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Re: campaign to get Amazon to accept Bitcoin
April 17, 2014, 01:32:42 PM
#66
Quote from: mktrader on April 17, 2014, 03:50:20 AM
Overstock is a mainstream business with 2013 annual revenues amounting to $1.30 Billion.
Most importantly, Overstock is growing at a rapid pace, while the Amazon is stagnant.
Overstock:
Total revenues (2013): $1,304 million
Total revenues (2012): $1,099 million
nkocevar
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Merit: 250
Re: campaign to get Amazon to accept Bitcoin
April 17, 2014, 02:15:40 PM
#67
If they have the audacity, or forward thinking, to fly peoples packages to their houses via drones, why don't they accept the cryptocurrency of the future...
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Trance
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Re: campaign to get Amazon to accept Bitcoin
April 17, 2014, 04:04:59 PM
#68
Make them do a Amazon balance storage but you can convert BTC->Amazon Balance ->purchase !
This would be a crucial spike for the BTC Value if Amazon adopted these innovations
Some people are so poor ALL they have is money
whtchocla7e
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Worlds Simplest Cryptocurrency Wallet
Re: campaign to get Amazon to accept Bitcoin
April 17, 2014, 04:06:27 PM
#69
Quote from: nkocevar on April 17, 2014, 02:15:40 PM
If they have the audacity, or forward thinking, to fly peoples packages to their houses via drones, why don't they accept the
cryptocurrency of the future
...
You mean the Google or Apple coins? That's still in beta testing stage...
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nkocevar
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Re: campaign to get Amazon to accept Bitcoin
April 17, 2014, 05:31:32 PM
#70
Quote from: Trance on April 17, 2014, 04:04:59 PM
Make them do a Amazon balance storage but you can convert BTC->Amazon Balance ->purchase !
This would be a crucial spike for the BTC Value if Amazon adopted these innovations
Thats a great idea. Bitcoin value would go up, and it would make other companies realize that it isnt that hard, and maybe more companies will implement bitcoin as a currency you can use on their site.
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~Coinseeker~
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Re: campaign to get Amazon to accept Bitcoin
April 17, 2014, 06:02:19 PM
#71
Quote from: Trance on April 17, 2014, 04:04:59 PM
Make them do a Amazon balance storage but you can convert BTC->Amazon Balance ->purchase !
This would be a crucial spike for the BTC Value if Amazon adopted these innovations
Why would this increase the value of BTC? Maybe a temporary speculative pump but this doesn't get more people buying Bitcoin, does it?
blackhathasher
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Re: campaign to get Amazon to accept Bitcoin
April 18, 2014, 03:43:02 AM
#72
Quote from: ~Coinseeker~ on April 17, 2014, 06:02:19 PM
Why would this increase the value of BTC? Maybe a temporary speculative pump but this doesn't get more people buying Bitcoin, does it?
well sure it does... the more people that use bitcoins then the more demand there is for bitcoins. the more demands there is for bitcoins the less supply there will be. the less supply there is the higher the price is.
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Light
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Re: campaign to get Amazon to accept Bitcoin
April 18, 2014, 03:49:58 AM
#73
Quote from: blackhathasher on April 18, 2014, 03:43:02 AM
well sure it does... the more people that use bitcoins then the more demand there is for bitcoins. the more demands there is for bitcoins the less supply there will be. the less supply there is the higher the price is.
Actually an increase in demand will simply lead to a higher price. No need to worry about the supply curve as long as it doesn't shift (of course there is a marginal shift of 25 BTC per block but I wouldn't worry to greatly about that in the short term).
blackhathasher
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Re: campaign to get Amazon to accept Bitcoin
April 18, 2014, 04:01:51 AM
#74
Quote from: Light on April 18, 2014, 03:49:58 AM
Actually an increase in demand will simply lead to a higher price. No need to worry about the supply curve as long as it doesn't shift (of course there is a marginal shift of 25 BTC per block but I wouldn't worry to greatly about that in the short term).
the more users of BTC there are the less the supply will be due to smauging and lost private keys. the supply i think i was referring to was the supply in actual circulation because the real supply is fixed and will be forever.
@ObieShawnKenobi
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