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Author Topic: The bitcoin and amazon merger  (Read 2894 times)
BitcoinRate.com
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February 10, 2013, 02:24:23 PM
 #21

Amazon would never do that, they don't care about the market cap right now and would want propriatory technology.

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matthewh3
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February 10, 2013, 07:18:29 PM
 #22

Why would they buy bitcoins before they started accepting them?

If they bought 1 million bitcoins at $20 (and somehow prevented that causing a price spike) and then announced they would accept them, then the price might jump to $100.  Then they could sell their coins for $80 million in profits.

There is some risk about it though and it might not really be worth their while.

Lol $80 million in profits is nothing to a company the size of Amazon. One of their shipping facilities probably costs that much a month to maintain. This idea would be stupid and a complete waste of time. And them buying up a virtual currency with only intrinsic value would probably cause their stock price to drop; based on the fact that Jeff Bezos would have to had developed a severe case of autism to have done something this stupid.

http://tech.fortune.cnn.com/2013/01/29/amazon-profits-take-a-dive/

Corporations like announcing a loss as it offsets there corperation tax.

Merralea
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February 11, 2013, 02:21:05 AM
 #23

Corporations are run by middle-aged people terrified of getting fired for agreeing with something unsuccessful, not bald men in highbacked chairs. An online retailer isn't going to engage in currency manipulation.
Amazon will never accept Bitcoins.
Neither will Google or Apple.
Those big corporations have an ego problem and also they will never go for something that doesn't belong to them.
Last but not least the entire current Bitcoin capitalization (250 mio $)  is a grain of sand for them.
Less than a day worth of their turnover.
Bitcoin is still a colibrì, it wouldn't be wise to try to copulate with an elephant.
Never forget: size matters!
;-)
I now know what a colibri is. Something new every day...
ARapalo
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February 11, 2013, 08:52:20 PM
 #24

Nope, not going to happen. Amazon or other large companies will never do these kind of decentralized and risky forms of payments.
steamboat
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February 11, 2013, 09:01:37 PM
 #25

The amount of baseless conjecture in this thread is astounding.

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piramida
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February 11, 2013, 10:31:21 PM
 #26

The amount of baseless conjecture in this thread is astounding.

And I also can't get a vivid image of an elephant copulating with colibri out of my head

i am satoshi
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February 12, 2013, 12:38:16 AM
 #27

Amazon will never accept bitcoin because they cant take 30% of it as profit.


Roger_Murdock
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February 12, 2013, 02:31:38 AM
 #28

It would be awesome if Amazon started accepting Bitcoin as a payment option. (For those of you not familiar with the site, Amazon is like the Silk Road of state-approved consumer goods.)
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