Come on man, I like the idea but even if Amazon accepted Bitcoin they wouldn't be able to get every transaction to be conducted in Bitcoin. They can't control consumers. AND...if every transaction were conducted in bitcoin we'd have a big problem because at that point some federal government would be getting involved.
We need these major retailers to accept bitcoin and get their share of transactions up to 10% or so through bitcoin...not enough to mess with the major fiat currencies and plenty to boost value for the rest of us.
Come on you talking of a million dollars when we haven't even got to a 1000 dollars per bitcoin as of 2016 maybe this will be possible after 5 generations
Nope... If Amazon.com ( AMZN 2.94% ) adopted bitcoin for all payments, its volume of $38 billion, divided by a supply of (at the time of the email’s writing) about 7 million bitcoin, would make each bitcoin worth $5,400. If $300 billion in international remittance was conducted in bitcoin, that volume alone would push the price to $42,000. Adding these, along with online poker and gas station transactions, would lead to a total transaction volume of $602 billion — and a bitcoin, even at today’s expanded supply of 12 million coins, worth $50,000.
That is just for Amazon ..... Now imagine what would happen, if other platforms starts to accept Bitcoin as a payment option.
