2013-01-15 siliconangle.com - BitcoinStore Plans to Take On the World of Online

[julz]

BitcoinStore Plans to Take On the World of Online Electronics Retail with BTC


Kyt Dotson
2013-01-15

http://siliconangle.com/blog/2013/01/15/bitcoinstore-plans-to-take-on-the-world-of-online-electronics-retail-with-btc/


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The idea behind the project is to not just provide electronic goods for BTC but also to show the market that it’s possible to make good money trading physical goods with the cryptocurrency. In fact, due to his connections with suppliers and distributors he is able to bring prices to BitcoinStore that will rival even Amazon and NewEgg in prices.
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In order to stay afloat, BitcoinStore will need to take a large number of orders a day. The challenge will be more than just getting the servers to handle that many orders—but also to get enough influence and interest in the Bitcoin community as possible to bring in customers.
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[marcus_of_augustus]

Just opened up a page of laptops for sale priced in BTC and the psychological impact was noticeable (another shit got real moment) .... Mr. Ver is becoming something of bitcoin giant.

http://www.bitcoinstore.com/pcslaptops/portable-computers/notebooks.html?p=3

[hazek]

Got them to fix a typo which initially said the store only offers 5000 items..

[Rygon]

They have crazy good prices at bitcoinstore. It's just a shame that the interface isn't as polished as what you would expect from a major electronics website. I've ordered once already though, and the service was great.

[cedivad]

How can they have such good prices?
Are they selling at a loss? Not paying taxes?

There MUST be something deep there.

[n8rwJeTt8TrrLKPa55eU]

How can they have such good prices?
Are they selling at a loss? Not paying taxes?

There MUST be something deep there.

By using nonreversible BTC, the store has a 3%-5% pricing advantage over any stores that must pay credit card processing fees and write off fraudulent chagebacks.