[ANN] BitcoinStore launching with 0% margin

[BitcoinStore]

http://BitcoinStore.com
Hello!

We've officially launched out of beta. Take a look at our site, try out the new search, and check out the new prices. They're even lower than the beta period. We've launched for this first month with 0% margins because we need your help. We need to make $800,000 worth of orders in order to continue to qualify for our supplier contract.

BitcoinStore was created in order to apply pressure to big online retail store like Amazon and NewEgg. We need your help in order to do this. Please order something (I assure you that you can find something you need in our massive catalog) and help us show Amazon and NewEgg that Bitcoin can save consumers a bucketload of money. If we can get big enough and start pulling consumers away from them, they'll have no other option than to accept Bitcoin.

Here's an article below with more info, thank you for all the community support so far, we'll be announcing a couple more things this week!

http://bitcoinmagazine.com/bitcoinstore-formally-launching-today-0-markup/

Thanks,
-Jon

[jimbobway]

Site is slow for me.

[Spaceman_Spiff]

I would prefer the navigation bar not to have moving letters.  I find it distracting (I just end up playing with it instead of actually checking out the products...).

But keep up the good work!

[dust]

I did some price comparisons and BitcoinStore is actually cheaper this time (unlike during beta when "cheaper than Amazon" really meant "cheaper than some third-party sellers on Amazon").

MtGox $31.56 Bitcoinstore $31.42

The hidden 1% fee due to the exchange rate used is a bit deceptive.  I would rather just see higher prices with the proper exchange rate.

[BitcoinStore]

I did some price comparisons and BitcoinStore is actually cheaper this time (unlike during beta when "cheaper than Amazon" really meant "cheaper than some third-party sellers on Amazon").

MtGox $31.56 Bitcoinstore $31.42

The hidden 1% fee due to the exchange rate used is a bit deceptive.  I would rather just see higher prices with the proper exchange rate.

We're using BitPay's rate last I checked. They pull it from multiple exchanges, which causes the deviation from Mt. Gox's. It also might be slightly lagging behind.

[fornit]

search is terrible. shop has amd cpus yet searching for "amd", "AMD", "am3" or "AM3" all turn up nothing. "AMD phenom" however displays some gamepads...
filter shows manufacturer "AMD" two times. also, loading times are very very long.

sry, but by the time i found the things i want to buy the first month is probably over.

[BitcoinStore]

search is terrible. shop has amd cpus yet searching for "amd", "AMD", "am3" or "AM3" all turn up nothing. "AMD phenom" however displays some gamepads...
filter shows manufacturer "AMD" two times. also, loading times are very very long.

sry, but by the time i found the things i want to buy the first month is probably over.

I'll check. It should be indexing the brand very high on the search.

[jwzguy]

Will you guys update us with sales milestones so we can see how much more you need to reach 800k?

[BitcoinStore]

Will you guys update us with sales milestones so we can see how much more you need to reach 800k?

Yessir, you'll also be able to measure it by how frantic our posts become!

We've made a decent number of sales prior to this month, but we'll need to really push it to hit our quota.

[notig]

i'd like to request a fluid layout (so it takes up the width of larger monitors like amazon/newegg)

[MemoryDealers]

Will you guys update us with sales milestones so we can see how much more you need to reach 800k?

You can track our progress here:  http://blockchain.info/address/1JqjoFF8QZwidrTbfnihGHDeu16pbLia1q

That is the payout address for all the orders that come through Bitcoinstore.com

Please help us ready $850K USD by the end of next month!

[jwzguy]

Will you guys update us with sales milestones so we can see how much more you need to reach 800k?

You can track our progress here:  http://blockchain.info/address/1JqjoFF8QZwidrTbfnihGHDeu16pbLia1q

That is the payout address for all the orders that come through Bitcoinstore.com

Please help us ready $850K USD by the end of next month!

That is great, thanks! So, is that 850k in addition to the current balance, the total received, or from today onward?

So, are you guys not cashing out immediately on receiving payment? It looks like most of the balance is still there. If you're staying in BTC as long as possible, that's ballsy as hell (and kind of awesome.)

[MemoryDealers]

I did some price comparisons and BitcoinStore is actually cheaper this time (unlike during beta when "cheaper than Amazon" really meant "cheaper than some third-party sellers on Amazon").

MtGox $31.56 Bitcoinstore $31.42

The hidden 1% fee due to the exchange rate used is a bit deceptive.  I would rather just see higher prices with the proper exchange rate.

$0.16 difference does NOT equal a 1% fee.

The MTGOX price displayed is the most recent trade value on MTGOX.
The BitcoinStore price is based on the highest ask price on MTGOX.

Sometimes this value is the same,  sometimes there is a spread,  but you will always get more via BitcoinStore.com than you would by selling your coins on MTGOX at the same instant.

[MemoryDealers]

That is great, thanks! So, is that 850k in addition to the current balance, the total received, or from today onward?

So, are you guys not cashing out immediately on receiving payment? It looks like most of the balance is still there. If you're staying in BTC as long as possible, that's ballsy as hell (and kind of awesome.)

It is about $850K needed total per quarter to maintain the contract.
Currently we are about $50K of the way there.  (I'm not planning to cash out the coins if possible)

I'm aware that the site isn't actually ready yet and still needs a lot of polishing,  but I was running out of time to meet my sales quota for Q1 of 2013.

I hope the Bitcoin community can come together to help buy a lot of stuff.
This will help Bitcoinstore continue to improve and maintain the supplier contract into the future.

[jwzguy]

That is great, thanks! So, is that 850k in addition to the current balance, the total received, or from today onward?

So, are you guys not cashing out immediately on receiving payment? It looks like most of the balance is still there. If you're staying in BTC as long as possible, that's ballsy as hell (and kind of awesome.)

It is about $850K needed total per quarter to maintain the contract.
Currently we are about $50K of the way there.  (I'm not planning to cash out the coins if possible)

I'm aware that the site isn't actually ready yet and still needs a lot of polishing,  but I was running out of time to meet my sales quota for Q1 of 2013.

I hope the Bitcoin community can come together to help buy a lot of stuff.
This will help Bitcoinstore continue to improve and maintain the supplier contract into the future.

As a broke grad student, I can't do a lot, but I will make a purchase...the Bitcoin Store is making all of our holdings worth more and I hope other people recognize this as well.

Thank you for all your hard work!

[dust]

I did some price comparisons and BitcoinStore is actually cheaper this time (unlike during beta when "cheaper than Amazon" really meant "cheaper than some third-party sellers on Amazon").

MtGox $31.56 Bitcoinstore $31.42

The hidden 1% fee due to the exchange rate used is a bit deceptive.  I would rather just see higher prices with the proper exchange rate.

$0.16 difference does NOT equal a 1% fee.

The MTGOX price displayed is the most recent trade value on MTGOX.
The BitcoinStore price is based on the highest ask price on MTGOX.

Sometimes this value is the same,  sometimes there is a spread,  but you will always get more via BitcoinStore.com than you would by selling your coins on MTGOX at the same instant.

You are right.  When I first visited the page, the difference was 1%.  When I went to post, the numbers were different and I didn't think to recalculate the %.

MtGox $32.11 Bitcoinstore $32.11

Looks good now!

[ralree]

I really tried to find something I needed, but being a software engineer, I kind of already have all the computer/tech gear I need.  I looked through your car audio stuff, and it's all pretty low-end (Pyle, BOSS, Power Acoustik).  If you had some higher-quality head units in there I might have bought one.  Sorry - I'll try and remember next time I need something techie.

[notig]

I was looking on amazon tonight for a raspberry pi and a raspberry pi case. Just looking though.  I was thinking about getting one of the netbooks but it seems like a netbook might be overkill for an armory (offline)wallet. HMMM

[BitcoinStore]

I was looking on amazon tonight for a raspberry pi and a raspberry pi case. Just looking though.  I was thinking about getting one of the netbooks but it seems like a netbook might be overkill for an armory (offline)wallet. HMMM

You can't put a price on security

[John (John K.)]

I was looking on amazon tonight for a raspberry pi and a raspberry pi case. Just looking though.  I was thinking about getting one of the netbooks but it seems like a netbook might be overkill for an armory (offline)wallet. HMMM

You can't put a price on security

Yep. I use one myself for my offline armory wallet. Shame Bitcoinstore wasn't around when I bought it as I see the prices are really competitive on there.