Overstock revenue up 17% - big boost from bitcoin

[YouAreABetaProvider]

They should pay their employees with Bitcoin. Sure, its great that they accept BTC and promote it, but unless they pay people in Bitcoin, they should rename their brand to LaughinStock.

[TinEye]

Was a smart move by Overstock. A lot of holders got a chance to cash out and buy something actually useful.

They should pay their employees with Bitcoin. Sure, its great that they accept BTC and promote it, but unless they pay people in Bitcoin, they should rename their brand to LaughinStock.

They just saw Bitcoin as an opportunity to make more sales, like any good business.

[Eotnak]

Last time I checked, there was no discount for using bitcoin.  For me personally, there was no incentive to use bitcoin.  As a bitcoin enthusiast, however, I always check Overstock and Newegg first when making a purchase...and I use $US.  Why should I spend BTC which I value when I have USD to dump on them?  Why should I spend the exchange fees to purchase BTC and send it to them?

The incentive shouldn't be to get a discount but to support both bitcoin and merchants. Why spend fiat? Don't buy from exchanges if you don't want to pay any fees.

please do some research, reread my post, then edit or delete yours.

[lucasjkr]

Bitcoin isn't even mentioned in their release.

[ANTIcentralized]

Last time I checked, there was no discount for using bitcoin.  For me personally, there was no incentive to use bitcoin.  As a bitcoin enthusiast, however, I always check Overstock and Newegg first when making a purchase...and I use $US.  Why should I spend BTC which I value when I have USD to dump on them?  Why should I spend the exchange fees to purchase BTC and send it to them?

So the 1% direct sales is just another small part of a bigger picture that can only be estimated, much like all things decentralized, open source, and bitcoin.

I will argue that, over time this will likely change. Overstock is going to realize lower costs from accepting bitcoin then by accepting credit cards, and to encourage the use of bitcoin (and for them to have lower costs) they should give people an incentive to use bitcoin via a small (1-3%) discount