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Author Topic: Amazon accepting Bitcoin - What can go wrong?  (Read 3798 times)
Kprawn
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November 03, 2017, 03:54:27 PM
#1

I see a lot of people pushing for companies like Amazon to accept Bitcoin as a payment option. Have we considered the

implications of these decisions? Let's say we cannot scale to "service" the need for millions of new people who would use

this technology for the first time. What a big embarrassment would it be, if people waited 13 hours for their transactions to

be confirmed. Doing this now will hurt Bitcoin more than any other "bad" thing that has happened to it before.

We need to wait for the perfect scaling solution to address this problem, before Amazon or any other big retailer starts to

accept Bitcoin as a payment option. The Lightning Network might get us close, but it is not a proven technology yet.

Let's hear your thoughts on this?  Huh Huh

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November 03, 2017, 04:11:08 PM
#2

I follow what is happening with Amazon, and today's news are throwing new light on this situation. https://www.cryptocoinsnews.com/amazon-subsidiary-registers-ethereum-cryptocurrency-domains/?utm_content=bufferc7af1&utm_medium=social&utm_source=twitter.com&utm_campaign=buffer
I don't understand fully what is happening here, I will copy one sentence from article "large organizations regularly register domain names to protect their brand, and that as such the move, by itself, isnt enough to jump to any conclusions". What will happen and why they opened this domains is not clear, do they have any plans or they are just protect their brand we will see.


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November 03, 2017, 05:15:44 PM
#3

If we wait for the perfect solution it will take too much time. For now the solutions are palliative, but work for sometime anyway. People who deal with Bitcoins know its currently limitations, people are aware about it and if they still want to use the digital currency, go on...

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November 03, 2017, 06:01:26 PM
#4

If we wait for the perfect solution it will take too much time. For now the solutions are palliative, but work for sometime anyway. People who deal with Bitcoins know its currently limitations, people are aware about it and if they still want to use the digital currency, go on...

With the way of purse.io still amazon purchases is possible with the bitcoin. There is many options available in online to use the bitcoin to recharge mobiles, air tickets and purse provides the payment options. Last month announcement from the Amazon team that making bitcoin to use in their site. Will take more opportunities to the re-sellers who doing selling for amazon.

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November 03, 2017, 10:31:47 PM
#5

I think a high percentage of amazon customers opt for the free shipping option which can take 2+ weeks. Waiting for bitcoin to confirm, on top of a 2 week shipping time may not be that much of an inconvenience.

The "scaling problem" could be a good problem to have. One way of viewing it is: "bitcoin can't be used to buy a cup of coffee and isn't ready for a prime time, mainstream, role". The flipside of that might say that if bitcoin's network lacks the transactional volume to cover all transactions, retailers might expand their platform to include support for other crypto to fill the vacuum. One perspective is likely over-optimistic while the other is the opposite. The likely outcome could be somewhere inbetween the two.

Bitpay green lights transactions on the 1st confirmation which isn't too bad.

Amazon accepting bitcoin would be similar to an official endorsement. If the public sees amazon endorsing bitcoin while banker CEO's condemn bitcoin it will create a divide, a conflict of mainstream opinion as opposed to the typical unified front the media is often able to maintain. That could encourage the public to research and learn about crypto more rather than believe the mainstream media angle of it being a bubble, which could be a good thing even if transactions aren't instantaneous.


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November 03, 2017, 10:36:53 PM
#6

I think a high percentage of amazon customers opt for the free shipping option which can take 2+ weeks. Waiting for bitcoin to confirm, on top of a 2 week shipping time may not be that much of an inconvenience.

The "scaling problem" could be a good problem to have. One way of viewing it is: "bitcoin can't be used to buy a cup of coffee and isn't ready for a prime time, mainstream, role". The flipside of that might say that if bitcoin's network lacks the transactional volume to cover all transactions, retailers might expand their platform to include support for other crypto to fill the vacuum. One perspective is likely over-optimistic while the other is the opposite. The likely outcome could be somewhere inbetween the two.

Bitpay green lights transactions on the 1st confirmation which isn't too bad.

Amazon accepting bitcoin would be similar to an official endorsement. If the public sees amazon endorsing bitcoin while banker CEO's condemn bitcoin it will create a divide, a conflict of mainstream opinion as opposed to the typical unified front the media is often able to maintain. That could encourage the public to research and learn about crypto more rather than believe the mainstream media angle of it being a bubble, which could be a good thing even if transactions aren't instantaneous.



Let's say we skip wait-times altogether. Say nobody gives a shit (a lot of people do, though). What about the fees? The astronomical fees from say, 200k utxo in mempool? I think it could hurt bitcoin more than it would help which gets me ranting about Core's incompetence.

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November 05, 2017, 05:32:02 AM
#7

I see a lot of people pushing for companies like Amazon to accept Bitcoin as a payment option. Have we considered the

implications of these decisions? Let's say we cannot scale to "service" the need for millions of new people who would use

this technology for the first time. What a big embarrassment would it be, if people waited 13 hours for their transactions to

be confirmed. Doing this now will hurt Bitcoin more than any other "bad" thing that has happened to it before.

We need to wait for the perfect scaling solution to address this problem, before Amazon or any other big retailer starts to

accept Bitcoin as a payment option. The Lightning Network might get us close, but it is not a proven technology yet.

Let's hear your thoughts on this?  Huh Huh
I wont see any problems regarding on this matter if they would add up bitcoin on their payment options. We do know that once bitcoin has being transferred it cant be reverted which this thing would really matter if Amazon management would consider this thing.Once payment is already reflected then normal transactions would be done after that.If they cant comprehend those kind of situations then for sure they wont really accept it and would rather stay on the traditional ways since they are already here for how many years using that payment options.

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November 05, 2017, 06:14:33 AM
#8

Using Bitcoin in online transactions can make it more efficient and safe. A person can make transactions anywhere and he/she is sure that the payment will be received. So for me, Bitcoin in Amazon is a great thing to push through. It can make things easier for both the Amazon and their customers. As you can see, everything is going digital nowadays and we should accept change especially if it is for a better cause.

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November 05, 2017, 07:00:26 AM
#9

Bitcoin being accepted by major online retailers like amazon, ebay and more others is making sense of happiness among shoppers.
People would not need to wait for hours, mostly the retailers that accept bitcoin do confirm payment as soon as first confirmation of transaction takes place.
Retailers will not go through bitcoin payment system until they have a perfect scaling solution for their clients payments.

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November 05, 2017, 07:15:38 AM
#10

Bitcoin being accepted by major online retailers like amazon, ebay and more others is making sense of happiness among shoppers.
People would not need to wait for hours, mostly the retailers that accept bitcoin do confirm payment as soon as first confirmation of transaction takes place.
Retailers will not go through bitcoin payment system until they have a perfect scaling solution for their clients payments.
If all that can happen then Bitcoin will be better than now. Great e-commerce will make bitcoin better known and its use will be wider. Systematically this can make an increase in Bitcoin prices. I saved some Bitcoin at the moment and I started to exchange local currency to Bitcoin for use in purchasing goods online. I am now regularly buying cellular credit and paying electricity bills using Bitcoin. and if amazon and ebay can accept Bitcoin then it could be 50% financial system many people will be controlled by Bitcoin.

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November 05, 2017, 07:34:09 AM
#11

The more I look at it and more news coming out about it, only good things I can react on this matter. Amazon is a big company that can only boost more bitcoin popularity to its client. This is something Im looking forward to experienced. This year is the best of all, when it comes to cryptocurrency history.

What can we expect more about bitcoin + amazon now? when the price is at 7400$ is it a big jump if indeed will happen this year or maybe an early next year. I dont see but thinks on this news.
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November 05, 2017, 09:10:51 AM
#12

I don't think it will do any bad for bitcoin at all. We all know that there are obviously millions of people using Amazon right now, and yes, many of them, or maybe most of them does not even know about bitcoin and it would be their first time to see it or use it if they want, but i don't think they will consider it a bad choice if they understand the whole concept of it rather than just looking at the time a transaction takes or the high fees right now. They would surely use bitcoin instead of any other payment option because i don't think if a person needs something urgently they would use online shopping for it, and if it is nothing about being early, why bother about the confirmation of your payment? Let it take its time and wait for your product to get shipped to you.

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November 05, 2017, 10:50:26 AM
#13

Not sure how this will directly affect BTC but Im curious as to how amazon would go about this scenario.
Say someone buys an item when BTC is $5000/BTC. They then decide to return the item a few days later by which point the price changes significantly (up or down). How would amazon go about it? If they refund you in BTC they could potentially lose a lot of money on the refund if the price of BTC goes up, assuming that they exchange the BTC for FIAT given the fact that they need to forward payments to sellers and the like...
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November 05, 2017, 08:13:54 PM
#14

I think bitcoin is not effective for payment methods, more likely to be effective for investments like gold, because the price is very expensive,
or there is a store like amazon for payment method with minimum price to buy valuable goods, and no method of payment on goods that are cheap
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November 05, 2017, 09:15:48 PM
#15

I see a lot of people pushing for companies like Amazon to accept Bitcoin as a payment option. Have we considered the

implications of these decisions? Let's say we cannot scale to "service" the need for millions of new people who would use

this technology for the first time. What a big embarrassment would it be, if people waited 13 hours for their transactions to

be confirmed. Doing this now will hurt Bitcoin more than any other "bad" thing that has happened to it before.

We need to wait for the perfect scaling solution to address this problem, before Amazon or any other big retailer starts to

accept Bitcoin as a payment option. The Lightning Network might get us close, but it is not a proven technology yet.

Let's hear your thoughts on this?  Huh Huh

if amazon accept bitcoin price may increase more than 3,000$ less than 1 day
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November 05, 2017, 10:19:44 PM
#16

I'm not sure whether my thinking is right or wrong, but from my view such an acceptance from Amazon will truly take bitcoin reach next levels of growth in terms of acceptance, usage from people as well market circulation. Same time there are possibilities of dropping the same service, because several companies have initiated plans of accepting bitcoin and stopped it once they felt its not used much by the people as expected.


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November 05, 2017, 10:24:01 PM
#17

I think bitcoin is not effective for payment methods, more likely to be effective for investments like gold, because the price is very expensive,
or there is a store like amazon for payment method with minimum price to buy valuable goods, and no method of payment on goods that are cheap

That can easily be 'solved' with off-chain implementations like Lightning Network, which would allow an insane number of transactions to be pumped through per second, and that potentially at ultra low cost. It will allow people to conduct micro transactions (which will significantly spark adoption in third world countries), and thus also purchase things that are priced at sub $1 levels without any problems. In that regard, it would suit you to adjust your stance on Bitcoin as currency. Currently I do admit that the fees as per their fiat value look high, but that's because the price has gone up significantly, and partly because Segwit (still) isn't being put into practice as much as I would like it to be.

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November 05, 2017, 10:24:45 PM
#18

Let's say we skip wait-times altogether. Say nobody gives a shit (a lot of people do, though). What about the fees? The astronomical fees from say, 200k utxo in mempool? I think it could hurt bitcoin more than it would help which gets me ranting about Core's incompetence.

Fees are a controversial topic. One school of thought says: core developers are to blame. The opposing school of thought says: miners are creating a crisis to justify getting rid of core devs, to centralize the development and mining paradigms of btc under their own domain.

Awhile ago, I posted an article containing evidence to support the latter argument, in this thread:

https://bitcointalk.org/index.php?topic=2277787.0

The case for bigger blocks is open for debate. Its very possible there are hidden political agendas behind the call for increases in block size. Rather than legitimate technical or engineering based need for it.

If you follow software engineers on twitter or social media. Its always interesting to see them weigh in and comment on the debate. They don't necessarily support segwit2x or bigger blocks like some might expect them to.

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November 05, 2017, 10:55:03 PM
#19

This are all rumors still no official announcement about it in amazon i think the transaction time is just fine where you have to wait 10-20 minutes for the transaction to get confirmed also some big company namely CME group have accepted bitcoin so this might convince anazon to also invest in it. Amazon is advertising bitcoin and have been jumping to conclusions we should just wait on what move they're goin to make.

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November 05, 2017, 11:22:27 PM
#20

If anyone has BTC but has no idea about the confirmations when using it, that would be like buying a mobile phone without any knowledge of how to use it. Also when a person buys BTC that person must have created a BTC wallet in order to receive the bought BTC. And after purchasing BTC that same person will see that it needs confirmation etc before it becomes available for spending, the wallet will show that. But if a person decides to let all of this done by another person due to laziness, then that person deserves the anguish when trying to spend it as a reward for their own stupidity.
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November 05, 2017, 11:59:49 PM
#21

I think a high percentage of amazon customers opt for the free shipping option which can take 2+ weeks. Waiting for bitcoin to confirm, on top of a 2 week shipping time may not be that much of an inconvenience.

The "scaling problem" could be a good problem to have. One way of viewing it is: "bitcoin can't be used to buy a cup of coffee and isn't ready for a prime time, mainstream, role". The flipside of that might say that if bitcoin's network lacks the transactional volume to cover all transactions, retailers might expand their platform to include support for other crypto to fill the vacuum. One perspective is likely over-optimistic while the other is the opposite. The likely outcome could be somewhere inbetween the two.

Bitpay green lights transactions on the 1st confirmation which isn't too bad.

Amazon accepting bitcoin would be similar to an official endorsement. If the public sees amazon endorsing bitcoin while banker CEO's condemn bitcoin it will create a divide, a conflict of mainstream opinion as opposed to the typical unified front the media is often able to maintain. That could encourage the public to research and learn about crypto more rather than believe the mainstream media angle of it being a bubble, which could be a good thing even if transactions aren't instantaneous.

Thinking this way it makes sense. We are not talking about perishable food items that must be bought and consumed fast, we are talking about other products that don't have expiration date, so there isn't any problem in waiting some days or even weeks as you said to have the product sent. It's enough time to have the transaction finished paying a lower fee and if the transaction cancels because a very low fee reason, just cancel the package as well, it works fine.

And a big business like this can really make more people start thinking about Bitcoin and its advantages. There are many people who use Amazon services, but don't know or don't have interest in BTCs yet, but after an adoption like that it's possible that these people change their minds and spread the word about Crypto-Currency. It's good especially to make more sellers adopt BTC.

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November 06, 2017, 01:01:18 AM
#22

I mean, if you order from Amazon you're putting in your address, name, phone number, etc. So I don't really see an issue. Not only would that boost Bitcoins price but it would also give people that have large quantities of BTC an option to buy shit.
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November 06, 2017, 03:52:10 AM
#23

I think a high percentage of amazon customers opt for the free shipping option which can take 2+ weeks. Waiting for bitcoin to confirm, on top of a 2 week shipping time may not be that much of an inconvenience.

The "scaling problem" could be a good problem to have. One way of viewing it is: "bitcoin can't be used to buy a cup of coffee and isn't ready for a prime time, mainstream, role". The flipside of that might say that if bitcoin's network lacks the transactional volume to cover all transactions, retailers might expand their platform to include support for other crypto to fill the vacuum. One perspective is likely over-optimistic while the other is the opposite. The likely outcome could be somewhere inbetween the two.

Bitpay green lights transactions on the 1st confirmation which isn't too bad.

Amazon accepting bitcoin would be similar to an official endorsement. If the public sees amazon endorsing bitcoin while banker CEO's condemn bitcoin it will create a divide, a conflict of mainstream opinion as opposed to the typical unified front the media is often able to maintain. That could encourage the public to research and learn about crypto more rather than believe the mainstream media angle of it being a bubble, which could be a good thing even if transactions aren't instantaneous.

Thinking this way it makes sense. We are not talking about perishable food items that must be bought and consumed fast, we are talking about other products that don't have expiration date, so there isn't any problem in waiting some days or even weeks as you said to have the product sent. It's enough time to have the transaction finished paying a lower fee and if the transaction cancels because a very low fee reason, just cancel the package as well, it works fine.

And a big business like this can really make more people start thinking about Bitcoin and its advantages. There are many people who use Amazon services, but don't know or don't have interest in BTCs yet, but after an adoption like that it's possible that these people change their minds and spread the word about Crypto-Currency. It's good especially to make more sellers adopt BTC.

Still merchants won't process your order/s until after a decent number of confirmations on your transaction has been received so if you put a low fee and it took a few days before it reached the minimum confirmations, your order could be delayed and might no longer fit to the stated free shipping time frame.

So In conclusion to that I think its still a problem although I'm sure there are users who are still willing to pay high fees for fast confirmation.

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November 06, 2017, 04:59:40 AM
#24

I dont think Amazon will ever accept crypto currencies. They are regulated by country laws and going against country rules will surely hurt them. And after Morgan's and such high profile people statements, i dont think these giants are going to go into BTC etc.
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November 06, 2017, 08:42:30 AM
#25

I don't think Amazon will accept bitcoin within a short time.
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November 06, 2017, 09:11:23 AM
#26

I think this should be a consequence that must be agreed between Amazon and the other party that to transact using bitcoin there is of course a process that must be understood and for me it does not become a complicated problem as long as there is acceptable agreement for that matter. and I think this will be understandable for bitcoin users because it's definitely happening. to overcome this kind of thing for a faster transaction is certainly not an easy thing I think it takes a long time for an improvement to the way the transaction can be done quickly this is indeed a homework that must be addressed so that many business people who want to accept the system payment using bitcoin if it happens of course will greatly facilitate bitcoin users by way of transaction using bitcoin.


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November 06, 2017, 11:30:30 AM
#27

I think bitcoin is not effective for payment methods, more likely to be effective for investments like gold, because the price is very expensive,
or there is a store like amazon for payment method with minimum price to buy valuable goods, and no method of payment on goods that are cheap

That can easily be 'solved' with off-chain implementations like Lightning Network, which would allow an insane number of transactions to be pumped through per second, and that potentially at ultra low cost. It will allow people to conduct micro transactions (which will significantly spark adoption in third world countries), and thus also purchase things that are priced at sub $1 levels without any problems. In that regard, it would suit you to adjust your stance on Bitcoin as currency. Currently I do admit that the fees as per their fiat value look high, but that's because the price has gone up significantly, and partly because Segwit (still) isn't being put into practice as much as I would like it to be.
yes, I hope so too, I have not understand about segwit or other recently appeared, which I know only the cost of expensive transactions that are not effective for the method of payment, especially if the store adds to the fee  Smiley
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November 06, 2017, 12:19:11 PM
#28

I dont think Amazon will ever accept crypto currencies. They are regulated by country laws and going against country rules will surely hurt them. And after Morgan's and such high profile people statements, i dont think these giants are going to go into BTC etc.
It won't be a problem at all for Amazon to accept Bitcoin. It's just them not seeing any benefit in doing so at this point, where we also have to take Bitcoin's current technical limitations into consideration.

We have been dealing with full blocks for quite some time now, and this hasn't changed with the activation of SegWit. From there we should just wait for second layer applications on top of Bitcoin to push things forward.

I perfectly understand why Amazon isn't yet willing to allow people to pay with Bitcoin. And if you're so desperately looking for an alternative way, then head over to purse.io ~ it allows you to buy things with Bitcoin from Amazon.

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November 07, 2017, 07:58:00 PM
#29

I see a lot of people pushing for companies like Amazon to accept Bitcoin as a payment option. Have we considered the

implications of these decisions? Let's say we cannot scale to "service" the need for millions of new people who would use

this technology for the first time. What a big embarrassment would it be, if people waited 13 hours for their transactions to

be confirmed. Doing this now will hurt Bitcoin more than any other "bad" thing that has happened to it before.

We need to wait for the perfect scaling solution to address this problem, before Amazon or any other big retailer starts to

accept Bitcoin as a payment option. The Lightning Network might get us close, but it is not a proven technology yet.

Let's hear your thoughts on this?  Huh Huh

Currently, bitcoin is not popular so if it is a main form of payment, it will not be effective. On average, each transaction has to wait at least 5 hours to confirm, if in e-commerce, it would be very inconvenient for the customer even though transaction with BTC is very safe. Improving confirmed time with each transaction will make BTC more and more popular in the future.  Grin
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November 07, 2017, 09:30:28 PM
#30

lets say bitcoin confirmations takes 2days
amazon shipping especially free take like a week and others like 4days
thats enough time to confirm payment i think
so sure people who decide to use bitcoin knows what it will take to get there

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November 07, 2017, 11:04:10 PM
#31

The risk of getting people to know bitcoin as a currency that "takes a lot of time to transfer" or " transfers are too expensive" is not a big deal compared to the massive adoption that bitcoin could be getting from such a move.

I believe that most of the people that are going to buy bitcoins because Amazon started accepting it, will do so because they saw the payment option on the site, searched for it and found out that the tech is cool, or they saw an article about amazon accepting bitcoin and that was the first time that they heard about crypto currencies.

Also, the current network fees are not so bad compared to other payment methods.

Bitcoin is ready for the mass adoption, the network is strong, and even if blocks are usually full, the network is still stable enough to maintain more transactions.


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November 08, 2017, 02:14:54 PM
#32

I think a high percentage of amazon customers opt for the free shipping option which can take 2+ weeks. Waiting for bitcoin to confirm, on top of a 2 week shipping time may not be that much of an inconvenience.

The "scaling problem" could be a good problem to have. One way of viewing it is: "bitcoin can't be used to buy a cup of coffee and isn't ready for a prime time, mainstream, role". The flipside of that might say that if bitcoin's network lacks the transactional volume to cover all transactions, retailers might expand their platform to include support for other crypto to fill the vacuum. One perspective is likely over-optimistic while the other is the opposite. The likely outcome could be somewhere inbetween the two.

Bitpay green lights transactions on the 1st confirmation which isn't too bad.

Amazon accepting bitcoin would be similar to an official endorsement. If the public sees amazon endorsing bitcoin while banker CEO's condemn bitcoin it will create a divide, a conflict of mainstream opinion as opposed to the typical unified front the media is often able to maintain. That could encourage the public to research and learn about crypto more rather than believe the mainstream media angle of it being a bubble, which could be a good thing even if transactions aren't instantaneous.

Thinking this way it makes sense. We are not talking about perishable food items that must be bought and consumed fast, we are talking about other products that don't have expiration date, so there isn't any problem in waiting some days or even weeks as you said to have the product sent. It's enough time to have the transaction finished paying a lower fee and if the transaction cancels because a very low fee reason, just cancel the package as well, it works fine.

And a big business like this can really make more people start thinking about Bitcoin and its advantages. There are many people who use Amazon services, but don't know or don't have interest in BTCs yet, but after an adoption like that it's possible that these people change their minds and spread the word about Crypto-Currency. It's good especially to make more sellers adopt BTC.

Still merchants won't process your order/s until after a decent number of confirmations on your transaction has been received so if you put a low fee and it took a few days before it reached the minimum confirmations, your order could be delayed and might no longer fit to the stated free shipping time frame.

So In conclusion to that I think its still a problem although I'm sure there are users who are still willing to pay high fees for fast confirmation.

Why can the confirmation delay make the buyer lose the free shipping feature?

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November 08, 2017, 02:28:56 PM
#33

totally no way amazon or any company that sell the physical product with btc.

BTC too violate, and business can be red because of that.

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November 08, 2017, 04:47:07 PM
#34

This seems a major issue but not a critical one because already many online shops are using bitcoin as payment so they must have a valid procedure to confirm the transaction quickly and if not it can be solved with the passage of time as the technology is evolving.
The biggest advantage is that more people will get to know about bitcoin and its use and they will start using it too through amazon, so the confirmation time can get better with the time and we should not wait more to get it better first.

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November 08, 2017, 11:52:29 PM
#35

totally no way amazon or any company that sell the physical product with btc.

BTC too violate, and business can be red because of that.

The volatility isn't a problem at all for any store to start accepting Bitcoin. If we look at how the far majority of the stores accept Bitcoin, then it's through third party payment processors who convert all Bitcoin sales directly into fiat. Stores don't have to deal with the volatility since it's the 'problem' of the payment processor that they use at that point. I am certain that Amazon is well aware of how things go in this market, but they, whatever their reason may be, have no interest in accepting Bitcoin as payment option. So no, no store accepting Bitcoin through these third party services will end up in the red because of the volatility....

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November 09, 2017, 06:02:03 AM
#36

totally no way amazon or any company that sell the physical product with btc.

BTC too violate, and business can be red because of that.

The volatility isn't a problem at all for any store to start accepting Bitcoin. If we look at how the far majority of the stores accept Bitcoin, then it's through third party payment processors who convert all Bitcoin sales directly into fiat. Stores don't have to deal with the volatility since it's the 'problem' of the payment processor that they use at that point. I am certain that Amazon is well aware of how things go in this market, but they, whatever their reason may be, have no interest in accepting Bitcoin as payment option. So no, no store accepting Bitcoin through these third party services will end up in the red because of the volatility....

I'm not exactly sure what you mean when you say "Stores don't have to deal with the volatility since it's the 'problem' of the payment processor."

That doesn't really make sense to me. Are you saying that if Amazon is selling some 100$ item and decide to take bitcoin for it, and the next day that dollar amount is worth 20$, that it's the payment processor's issue? I don't see how that really relates. It would seem like Amazon is the one taking the 80$ hit in that situation because they used fiat to purchase/obtain the item, and then are selling it to someone for bitcoin.

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November 09, 2017, 07:40:29 AM
#37

Amazon does not need Bitcoin, so there is no such improvement, one of the things I want the most is that Bitcoin is used as a payment method. If Amazon accepts Bitcoin as the payment method, we only know this from the price increase.



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November 09, 2017, 08:43:59 AM
#38

We don't even know if people will use that option in the first place. I'm sure most compulsive HODLers would much rather use their credit card or something. One of the reasons Amazon might not be accepting bitcoin is because it would not see much use, and there's very little pressure for them to pull the trigger.
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November 09, 2017, 10:08:29 AM
#39

Amazon does not need Bitcoin, so there is no such improvement, one of the things I want the most is that Bitcoin is used as a payment method. If Amazon accepts Bitcoin as the payment method, we only know this from the price increase.
They don't need bitcoin but they need the demand of their customers. They are aware that many of their customers are into bitcoin and as a company that are giving such service to the people they will consider something new and if that is having a lot of support from majority of their customers. And we as riders of bitcoin, have been waiting for this day that amazon starts to accept bitcoin and who knows if they announce their support to bitcoin ebay is next.  Huh

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November 09, 2017, 05:52:02 PM
#40

We don't even know if people will use that option in the first place. I'm sure most compulsive HODLers would much rather use their credit card or something. One of the reasons Amazon might not be accepting bitcoin is because it would not see much use, and there's very little pressure for them to pull the trigger.
Yeaaa that's why they have a plan to have a different place for crypto user by bought three different domain names relating to digital currencies.
Pretty reasonable move for them to not accept crypto directly and have such a smart plan.
Actually don't know what will happened then , that's just my point of view.
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November 09, 2017, 08:15:09 PM
#41

great news now we can easy buy hardware all over world hope to be right news
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November 10, 2017, 12:31:44 AM
#42

I'm not exactly sure what you mean when you say "Stores don't have to deal with the volatility since it's the 'problem' of the payment processor."

That doesn't really make sense to me. Are you saying that if Amazon is selling some 100$ item and decide to take bitcoin for it, and the next day that dollar amount is worth 20$, that it's the payment processor's issue? I don't see how that really relates. It would seem like Amazon is the one taking the 80$ hit in that situation because they used fiat to purchase/obtain the item, and then are selling it to someone for bitcoin.

You don't get it. If amazon sells something worth $100 in Bitcoin through a payment processor, Amazon receives the $100 in fiat (minus the fee which is 1%). In easy terms, Amazon gets paid out $99. The payment processor takes responsibility for the conversion of Bitcoin to fiat, which means that the volatility is only the concern of the payment processor. That goes up for every store accepting Bitcoin through these payment processors. They optionally can choose to go for a certain percentage that they receive in Bitcoin, and the rest in fiat, but that optional feature doesn't see much actual usage due to stores not being interested in holding something that's so volatile.

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November 10, 2017, 10:50:42 AM
#43

We don't even know if people will use that option in the first place. I'm sure most compulsive HODLers would much rather use their credit card or something. One of the reasons Amazon might not be accepting bitcoin is because it would not see much use, and there's very little pressure for them to pull the trigger.
Yeaaa that's why they have a plan to have a different place for crypto user by bought three different domain names relating to digital currencies.
Pretty reasonable move for them to not accept crypto directly and have such a smart plan.
Actually don't know what will happened then , that's just my point of view.
@Opquar

We don't know if people will use that option in first place, but to offer it doesn't require that people must use it in the first place. You sound like it would be a huge operation to install this payment option while it isn't!

@RealPhotoshoper

That Amazon doesn't want accept bitcoin directly is very interesting info because I already assume that they have deep ties to banks and governments and that would explain why they didn't offer it yet.
If i am not wrong there is a lot of discussion about the pros and cons how if amazon adopt bitcoin as a payment gateaway.
Mostly says it is scared , bitcoin is a dangerous thing , a non sense thing created on the internet etc.
The point is there a lot of feedback on how they don't want to support the project , but it was long time ago. Today might they have different plan to deal with bitcoin , i hope so.
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November 10, 2017, 11:22:16 AM
#44

What my concern is rate of bitcoin increasing and how online shopping billing will be created and the transaction charges also confuse the payment method for amazon this things has to be rectified. I believe all the discrepancies will be sorted out as soon as possible for the sake of Bitcoin.

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November 10, 2017, 02:08:21 PM
#45

We don't even know if people will use that option in the first place. I'm sure most compulsive HODLers would much rather use their credit card or something. One of the reasons Amazon might not be accepting bitcoin is because it would not see much use, and there's very little pressure for them to pull the trigger.
Yeaaa that's why they have a plan to have a different place for crypto user by bought three different domain names relating to digital currencies.
Pretty reasonable move for them to not accept crypto directly and have such a smart plan.
Actually don't know what will happened then , that's just my point of view.
@Opquar

We don't know if people will use that option in first place, but to offer it doesn't require that people must use it in the first place. You sound like it would be a huge operation to install this payment option while it isn't!

@RealPhotoshoper

That Amazon doesn't want accept bitcoin directly is very interesting info because I already assume that they have deep ties to banks and governments and that would explain why they didn't offer it yet.
If i am not wrong there is a lot of discussion about the pros and cons how if amazon adopt bitcoin as a payment gateaway.
Mostly says it is scared , bitcoin is a dangerous thing , a non sense thing created on the internet etc.
The point is there a lot of feedback on how they don't want to support the project , but it was long time ago. Today might they have different plan to deal with bitcoin , i hope so.

The latest news we got is that they are still not getting to accept bitcoin as a payment method. And I'm sure that they have look at every angle of the pros and cons of accepting it, however, from their business perspective, its unlikely that they will give in to the petition. However, I'm still positive that maybe in the future, then can sorted things out and one day accept bitcoin as payment. Because it will be another boom in their business as bitcoin is slowly gaining a wider acceptance now. It will just be a matter of time.

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November 11, 2017, 04:44:59 PM
#46

I don't see any incentive to take the risk of accepting bitcoin as a way of payment by any of the established big players. Innovation pioneers are generally small entrepreneurs cause it is their only choice to innovate. However big players can just adopt the method after they see it is working already. Hereby they have chance to test the market by basically doing anything.
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November 12, 2017, 01:51:06 PM
#47

I don't see any incentive to take the risk of accepting bitcoin as a way of payment by any of the established big players. Innovation pioneers are generally small entrepreneurs cause it is their only choice to innovate. However big players can just adopt the method after they see it is working already. Hereby they have chance to test the market by basically doing anything.
There's an incentive for them if they just understand by getting into the market of bitcoin chances of pushing other skeptic investors will be encouraged to get into bitcoin. Amazon is one of the most popular ecommerce / online shop that has millions of customers. The incentive isn't just for them but for all of us but they have to understand first what bitcoin really is and what it can give to their business.

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November 12, 2017, 05:36:54 PM
#48

If amazon accepts bitcoin,then it would make bitcoin more popular and familiar among new people.By this way,amazon too could get new customers who opt to pay only in bitcoins.It would be a hassle free payment system and could be done from anywhere.If amazon accepts bitcoin payments,then more companies would keep trust over bitcoins and would start accepting bitcoins which would bring bitcoin in to the mainstream.

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November 12, 2017, 06:37:06 PM
#49

Amazon AWS has a large computing power. Is it possible for Amazon planning to use idle computing power to confirm BTC transactions selectively of Amazon shoppers? Can amazon confirm "some" BTC transactions instantly with zero fee?

My BTC address for your tips:
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November 13, 2017, 09:28:11 AM
#50

Probably the time it will take to complete any transaction. Bitcoin takes time to confirm and in situations where there is flash sales, it could cause one to loose deals easily.

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November 14, 2017, 04:48:41 AM
#51

no one can negate advantages of BTC in payment. I think big companies will slowly accept it to follow the trend but in their way for more convenient.
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November 14, 2017, 08:09:48 PM
#52

no one can negate advantages of BTC in payment. I think big companies will slowly accept it to follow the trend but in their way for more convenient.
I will not deny not to say otherwise. But I would like to know what advantages a user can have thanks to Bitcoin for today, namely when buying a product in real life. Of course with the help of the Internet, such as the Amazon platform or others, That is, some nuances that allow the buyer to realize their plans well thanks to Bitcoin, but How do we put Bitcoin to live?

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November 15, 2017, 03:27:30 AM
#53

no one can negate advantages of BTC in payment. I think big companies will slowly accept it to follow the trend but in their way for more convenient.

There is no question that bitcoin has a lot of advantages as well as disadvantages. But we have yet to really see how big companies will accept it. For one, volatility is the one reason why amazon is not yet accepting bitcoins. Maybe they will get like a third party to handle bitcoins payments. We can only hope that they will make the right decision to accept bitcoins or even just like to experiment accepting it to see if it is profitable on their end.

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BlueStackz
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November 15, 2017, 07:23:34 AM
#54

We don't even know if people will use that option in the first place. I'm sure most compulsive HODLers would much rather use their credit card or something. One of the reasons Amazon might not be accepting bitcoin is because it would not see much use, and there's very little pressure for them to pull the trigger.
As far as I know, amazon is already accepting bitcoin as mode of payment. In fact there are some other online shopping stores as well who are providing this facility to the owners of bitcoin. I dont think so there can be anything which can go wrong by doing this. This is the best thing which they have done. It is because of the reason that it will help bitcoin in making better name.



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November 17, 2017, 01:34:43 PM
#55

We don't even know if people will use that option in the first place. I'm sure most compulsive HODLers would much rather use their credit card or something. One of the reasons Amazon might not be accepting bitcoin is because it would not see much use, and there's very little pressure for them to pull the trigger.
As far as I know, amazon is already accepting bitcoin as mode of payment. In fact there are some other online shopping stores as well who are providing this facility to the owners of bitcoin. I don’t think so there can be anything which can go wrong by doing this. This is the best thing which they have done. It is because of the reason that it will help bitcoin in making better name.

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November 17, 2017, 01:49:21 PM
#56

As far as I know, amazon is already accepting bitcoin as mode of payment. In fact there are some other online shopping stores as well who are providing this facility to the owners of bitcoin.
Nope. Amazon itself doesn't accept Bitcoin as payment form, that should be perfectly clear to anyone. It's just that certain third party services allow you to purchase stuff from Amazon with Bitcoin, and that's really it.

Amazon will likely only come to a point to accept Bitcoin, when lightning network is up and running. Bitcoin in its current form and the sheer number of spam attacks isn't function well enough as currency tool.

Without second layer applications, nothing will change, and that's a fact. That's why people are eagerly waiting for lightning network, and that for a good reason. It will bring some much needed functionalities.

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November 17, 2017, 02:17:20 PM
#57

I see a lot of people pushing for companies like Amazon to accept Bitcoin as a payment option. Have we considered the implications of these decisions? Let's say we cannot scale to "service" the need for millions of new people who would use this technology for the first time. What a big embarrassment would it be, if people waited 13 hours for their transactions to be confirmed. Doing this now will hurt Bitcoin more than any other "bad" thing that has happened to it before.

We need to wait for the perfect scaling solution to address this problem, before Amazon or any other big retailer starts to accept Bitcoin as a payment option. The Lightning Network might get us close, but it is not a proven technology yet.

Let's hear your thoughts on this?  Huh Huh
You really do have a point mate! Doing this now would probably make matters worse but we really would not know until we try or the devs might be too relaxed to look for a solution until we start seeing some little bit of these issues here and there.

The proposal of BCH and B2X is all as a result of this which does not really sound like a good solution for now, but it is getting pretty close and we cannot just avoid that. Something should be done fast, cause with or without amazon; we really need a scaling solution right now.
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November 18, 2017, 08:54:08 AM
#58

Let's say we cannot scale to "service" the need for millions of new people who would use

this technology for the first time. What a big embarrassment would it be, if people waited 13 hours for their transactions to

be confirmed.

I don't think this would be the real problem. Normal people won't be using bitcoin to buy stuff on amazon, only people who already own BTC and know about its transaction times would be using this option.
I actually think that amazon accepting BTC would have a really positive effect on Bitcoin and its price.

My list of threads giving away merits: https://bitcointalk.org/index.php?topic=3048258.0
yanlap
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November 18, 2017, 03:50:48 PM
#59

I see a lot of people pushing for companies like Amazon to accept Bitcoin as a payment option. Have we considered the implications of these decisions? Let's say we cannot scale to "service" the need for millions of new people who would use this technology for the first time. What a big embarrassment would it be, if people waited 13 hours for their transactions to be confirmed. Doing this now will hurt Bitcoin more than any other "bad" thing that has happened to it before.

We need to wait for the perfect scaling solution to address this problem, before Amazon or any other big retailer starts to accept Bitcoin as a payment option. The Lightning Network might get us close, but it is not a proven technology yet.

Let's hear your thoughts on this?  Huh Huh
You really do have a point mate! Doing this now would probably make matters worse but we really would not know until we try or the devs might be too relaxed to look for a solution until we start seeing some little bit of these issues here and there.

The proposal of BCH and B2X is all as a result of this which does not really sound like a good solution for now, but it is getting pretty close and we cannot just avoid that. Something should be done fast, cause with or without amazon; we really need a scaling solution right now.
Yes for sure the point of the bitcoin is now having the high price and the income with the passage of the I am sure not only the Amazon but a lot of the sites are accepting the bitcoin now, I am hoping to have the bright and the best price in the bitcoin and a lot of the people are here who are using the bitcoin, it is the need of the day because the bitcoin is giving a lot of the profit to the people who are investing in the bitcoin and it will be the most popular currency.

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November 18, 2017, 05:34:33 PM
#60

Probably the time it will take to complete any transaction. Bitcoin takes time to confirm and in situations where there is flash sales, it could cause one to loose deals easily.

But then you may need to adjust your transaction fees to make the transaction fast as if you apply in Lighting sale you get 10 minutes  to complete the transaction, also if Amazon starts accepting Bitcoin it will not easy to integrate the process in the system as buying and selling of goods comes under economic services of the nation. If there is too much enrollment of Bitcoin it may lead to regulations which can end the real meaning of Bitcoin transactions.

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November 18, 2017, 10:37:56 PM
#61

13 hours for a single transaction is such a mess. Imagine waiting for 13 hours and declined, its such an inconvinent. But to hear that amazon accepts BTC is a great news. Maybe they work on improvements now. Lets just wait for the result. For now, lets appreciate the changes happening to amazon.

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November 18, 2017, 10:44:16 PM
#62

A company like Amazon using Bitcoin would be huge because not only it is the biggest e-commerce/retailer in many countries it has many other service such as AWS ect so it will push the adoption of Bitcoin by the average joe several folds, But there are several issues such as the votality of the currency and regulation and nowadays fees and confirmation issues. (although amazon them selves could speedups the confirmations)

In France there is no Bitcoin option heck they just started accepting 4x payment a couple of days ago so we are far from having bitcoin as a method of payement here

Anywa for me big companies accepting bitcoin would render Bitcoin as popular as paypal in my opinion.
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November 19, 2017, 08:28:51 AM
#63

13 hours for a single transaction is such a mess. Imagine waiting for 13 hours and declined, its such an inconvinent. But to hear that amazon accepts BTC is a great news. Maybe they work on improvements now. Lets just wait for the result. For now, lets appreciate the changes happening to amazon.

I think this is the real problem why mass adoption is still not happening. There are a lot of alternatives that possess lightning speed transactions like Ethereum and Dash so I see nothing bad if they experiment first with these altcoins instead of bitcoin.

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November 22, 2017, 10:56:25 AM
#64

If we wait for the perfect solution it will take too much time. For now the solutions are palliative, but work for sometime anyway. People who deal with Bitcoins know its currently limitations, people are aware about it and if they still want to use the digital currency, go on...

With the way of purse.io still amazon purchases is possible with the bitcoin. There is many options available in online to use the bitcoin to recharge mobiles, air tickets and purse provides the payment options. Last month announcement from the Amazon team that making bitcoin to use in their site. Will take more opportunities to the re-sellers who doing selling for amazon.
True. Purse has integrated this into their system for a while now and it has been effective. However, we have to understand that we cannot compare purse users to amazon users. We are talking about the big market here that would create even much more awareness for the use of digital currency.

I totally understand the OP's plight here but I feel if some of these things don't happen now, at one point they will still happen and maybe that should start propelling the devs to really do more.

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November 22, 2017, 11:13:59 AM
#65

If Amazon is really going to do that, it'll be great, we can buy everything we need with our Bitcoin Smiley). After Amazon there will be a lot of other online market also accept Bitcoin for payment as well
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November 22, 2017, 02:24:01 PM
#66

I think a high percentage of amazon customers opt for the free shipping option which can take 2+ weeks. Waiting for bitcoin to confirm, on top of a 2 week shipping time may not be that much of an inconvenience.

The "scaling problem" could be a good problem to have. One way of viewing it is: "bitcoin can't be used to buy a cup of coffee and isn't ready for a prime time, mainstream, role". The flipside of that might say that if bitcoin's network lacks the transactional volume to cover all transactions, retailers might expand their platform to include support for other crypto to fill the vacuum. One perspective is likely over-optimistic while the other is the opposite. The likely outcome could be somewhere inbetween the two.

Bitpay green lights transactions on the 1st confirmation which isn't too bad.

Amazon accepting bitcoin would be similar to an official endorsement. If the public sees amazon endorsing bitcoin while banker CEO's condemn bitcoin it will create a divide, a conflict of mainstream opinion as opposed to the typical unified front the media is often able to maintain. That could encourage the public to research and learn about crypto more rather than believe the mainstream media angle of it being a bubble, which could be a good thing even if transactions aren't instantaneous.

Let's say we skip wait-times altogether. Say nobody gives a shit (a lot of people do, though). What about the fees? The astronomical fees from say, 200k utxo in mempool? I think it could hurt bitcoin more than it would help which gets me ranting about Core's incompetence.
Llo, the fees would really be the major issue at the end and people will end up just sticking to their normal traditional system than having to make use of the digital currency. Something really needs to be done and done fast and there is no way we can run from it because at one point or the other, we will still have to experience this.

This would really hurt just like you have said and will make people to start pulling to some other alts that would give them a better chance of the real life usage.

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November 22, 2017, 03:54:14 PM
#67

If Amazon is really going to do that, it'll be great, we can buy everything we need with our Bitcoin Smiley). After Amazon there will be a lot of other online market also accept Bitcoin for payment as well
Does Amazon accepting it across continents?

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November 23, 2017, 10:32:08 AM
#68

I see a lot of people pushing for companies like Amazon to accept Bitcoin as a payment option. Have we considered the

implications of these decisions? Let's say we cannot scale to "service" the need for millions of new people who would use

this technology for the first time. What a big embarrassment would it be, if people waited 13 hours for their transactions to

be confirmed. Doing this now will hurt Bitcoin more than any other "bad" thing that has happened to it before.

We need to wait for the perfect scaling solution to address this problem, before Amazon or any other big retailer starts to

accept Bitcoin as a payment option. The Lightning Network might get us close, but it is not a proven technology yet.

Let's hear your thoughts on this?  Huh Huh
Amazon is a very big market place and they have a whole good team of engineers and experts to handle their work. I think they will surely find the solution to the time span to conform the transaction and there one more problem that the high transaction fees bitcoin has this will affect their sales but they will overcome this all things as nothing is impossible.

Bitcoin will one-day reach n all the corners of internet and world too and everyone will start accepting it someone has to take a big step to make a revolution and amazon is doing it by accepting bitcoin as a payment method.

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November 24, 2017, 06:07:43 AM
#69

According to " newsbtc.com "
A lot of people are excited about the news involving Amazon and Bitcoin payments. Some sources claim the company will enable cryptocurrency payments soon While that is an interesting opinion, it is also highly unlikely that will happen. In fact, Amazon shows no interest in any additional payment methods right now. It would be an interesting development if true, though.

This is not the first time we see rumors regarding Amazon and cryptocurrency payments. It would be a welcome change to see this happen. After all, the worlds largest online retailer accepting the only global payment method would yield some intriguing results. Unfortunately,  this is nothing more than wishful thinking right now. This will not change anytime soon, though, despite what some sources may claim. Grin Grin Grin

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November 24, 2017, 11:23:27 AM
#70

Guys, is ir possible to buy not some stuff in shops like ebay or amazon? I way to buy ukulele, and spent some btc. How can indo it?
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November 24, 2017, 02:41:06 PM
#71

no one can negate advantages of BTC in payment. I think big companies will slowly accept it to follow the trend but in their way for more convenient.
It is good to hear that amazon has started accepting bitcoin as their payments. By this way more big and small companies will also start accepting bitcoin from all over the world and the customers will be relaxed with their payments systems through bitcoin. I really appreciate this action of amazon and am looking forward to other companies to accept bitcoin as their payments.


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November 24, 2017, 03:28:02 PM
#72

Guys, is ir possible to buy not some stuff in shops like ebay or amazon? I way to buy ukulele, and spent some btc. How can indo it?
You can use up your bitcoin on buying but by the use of purse.io as far as i remember because this thing is the way i do purchase something on amazon. You would need to use the service of purse.io.
Complications of accepting bitcoin as a mode of payment would really be there specially on confirmation times. Scaling solution would really be suggested. how many hours waiting time would really be not a good thing for consumer or users view.

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November 24, 2017, 03:35:35 PM
#73

once amazon start accepting bitcoin ..  you guys know what will happen ?


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November 27, 2017, 07:16:48 AM
#74

13 hours for a single transaction is such a mess. Imagine waiting for 13 hours and declined, its such an inconvinent. But to hear that amazon accepts BTC is a great news. Maybe they work on improvements now. Lets just wait for the result. For now, lets appreciate the changes happening to amazon.
We cannot expect things to remain the way they have always been. Definitely, one can understand that the scaling issue has been dragging for a while but that does not mean it won't be solved. If Amazon decides to accept bitcoin, obviously, it is not like everyone is going to start making use of it immediately.

Purse has somehow integrated Purchase of Amazon items with Bitcoin for a while now and it has been going smoothly even though directly on Amazon will mean on a large scale but if we do not start something, we may just end up being in our comfort zone.


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November 29, 2017, 07:53:38 AM
#75

If Amazon is really going to do that, it'll be great, we can buy everything we need with our Bitcoin Smiley). After Amazon there will be a lot of other online market also accept Bitcoin for payment as well
Yes, we can but not in all countries anyway. There are still some countries where Amazon does not really ship to so we may just have to look at the concentration to be in some particular regions until then. However, it is still going to be massive anyway considering Amazon being an e-commerce giant with a lot of transactions being done every day. It would definitely pave way for a huge adoption for bitcoin.

Anywa for me big companies accepting bitcoin would render Bitcoin as popular as paypal in my opinion.
It really will push the adoption off the hook and knowing the amount of trading that is being done on the Amazon platform daily and looking at how the trading on Purse.io alone has been going for a while now, then one can really say the market is going to be huge. Bitcoin is surely not ready yet for that massive usage yet, but anything can change with the scaling issue being solved within a split of a second.
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November 29, 2017, 05:22:34 PM
#76

Are you talking about just amazon.us or the entire Amazon like Amazon in every country. Because I don't think think that Amazon in my country accepts Bitcoin . It's not that my country is against Bitcoins as there are places where is see Bitcoin is accept but I just don't feel that Amazon has started accepting Bitcoin in my country.

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November 29, 2017, 08:20:47 PM
#77

Are you talking about just amazon.us or the entire Amazon like Amazon in every country. Because I don't think think that Amazon in my country accepts Bitcoin . It's not that my country is against Bitcoins as there are places where is see Bitcoin is accept but I just don't feel that Amazon has started accepting Bitcoin in my country.

No one said that Amazon accepts Bitcoin. Not that long ago there was an article hinting at Amazon to be very close to accepting Bitcoin payments, but before that article got debunked by anyone with a functional brain, it was stated to be a hoax afterwards. Noobs were constantly spamming this entire forum on how 'fantastic' and 'amazing' it was that Amazon would accept Bitcoin. People here jump on something and take it for granted without doing any research themselves, and using common sense. Amazon doesn't need to accept Bitcoin, and in current state never will. I only see them even consider accepting Bitcoin, when lightning network is fully operational.

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November 30, 2017, 08:21:02 AM
#78

I think this is the real problem why mass adoption is still not happening. There are a lot of alternatives that possess lightning speed transactions like Ethereum and Dash so I see nothing bad if they experiment first with these altcoins instead of bitcoin.
Well, trust may be the case and the support. Most times it is better to make use of something that is already being used on a large scale by a lot of people knowing the problem that is to be solved, than a coin that has not even been tested on a large scale yet and can show a lot of problem at any time. Just in simple terms, the devil you know is far better than the angel you do not know.

Amazon doesn't need to accept Bitcoin, and in current state never will. I only see them even consider accepting Bitcoin, when lightning network is fully operational.
In current state, I guess any company may love start accepting bitcoin payments as it will be double benefit to them (it is a way of collecting bitcoins and it is a way to attract new community of customers), in my opinion Amazon cannot be an exception.

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November 30, 2017, 08:51:34 AM
#79

Affect this may be an unstable bitcoin course, constant jumps and speculation. I think, it is necessary to develop crypto currency, a couple of years, at least)

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November 30, 2017, 12:45:13 PM
#80

Guys, is ir possible to buy not some stuff in shops like ebay or amazon? I way to buy ukulele, and spent some btc. How can indo it?
Yeah it is possible because as you said the bitcoin is now available for everything and the bitcoin is now getting famous day by day I know the bitcoin is now very popular and the price of the bitcoin will be high if the people will invest in the bitcoin and they will see the bitcoin will be the highest currency in the future as well. There is nothing going to happen in the bitcoin because the bitcoin will be high in the future.

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December 01, 2017, 05:59:10 AM
#81

In my opinion, i think bitcoin need to improve the speed of transaction. Bitcoin is really useful and convenient  in many way as no difficult procedure, no inflation and incognito. However, to be accepted as a way of payment by retailer or online shopping webs, bitcoin need to improve many disadvantages and retailer must have a different and detail way for bitcoin's payment because bitcoin absolutely out of regular payment like cash. Finally, i still glad to see bitcoin will be used as a payment for everything in future, it has much of advantages and applies bitcoin for payment will bring much benefit for retailer and customer.
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December 03, 2017, 08:02:43 AM
#82

Guys, is ir possible to buy not some stuff in shops like ebay or amazon? I way to buy ukulele, and spent some btc. How can indo it?
Yeah it is possible because as you said the bitcoin is now available for everything and the bitcoin is now getting famous day by day I know the bitcoin is now very popular and the price of the bitcoin will be high if the people will invest in the bitcoin and they will see the bitcoin will be the highest currency in the future as well. There is nothing going to happen in the bitcoin because the bitcoin will be high in the future.
that the price for Bitcoin has risen very high, can be very effective in terms of the popularity of the crypto currency. Therefore, soon we will see even more interest of businessmen in selling goods for crypto currency.

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December 03, 2017, 11:53:06 AM
#83

I do not believe that any large corporation will accept bitcoin until either the lightning network is online, or there is a block size increase to reduce fees.

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December 03, 2017, 12:37:50 PM
#84

I see a lot of people pushing for companies like Amazon to accept Bitcoin as a payment option. Have we considered the

implications of these decisions? Let's say we cannot scale to "service" the need for millions of new people who would use

this technology for the first time. What a big embarrassment would it be, if people waited 13 hours for their transactions to

be confirmed. Doing this now will hurt Bitcoin more than any other "bad" thing that has happened to it before.

We need to wait for the perfect scaling solution to address this problem, before Amazon or any other big retailer starts to

accept Bitcoin as a payment option. The Lightning Network might get us close, but it is not a proven technology yet.

Let's hear your thoughts on this?  Huh Huh
I think this is not a bad news to the BTC community. Amazon is aware of this since the bitcoin started. And I think Amazon is a big company that capable to maintain the value of bitcoin and help other small company to do more in the future sense. But you have a point in the other side. I keep observing in the future as well. Thanks for your concern in BTC.

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December 03, 2017, 02:56:48 PM
#85

I see a lot of people pushing for companies like Amazon to accept Bitcoin as a payment option. Have we considered the

implications of these decisions? Let's say we cannot scale to "service" the need for millions of new people who would use

this technology for the first time. What a big embarrassment would it be, if people waited 13 hours for their transactions to

be confirmed. Doing this now will hurt Bitcoin more than any other "bad" thing that has happened to it before.

We need to wait for the perfect scaling solution to address this problem, before Amazon or any other big retailer starts to

accept Bitcoin as a payment option. The Lightning Network might get us close, but it is not a proven technology yet.

Let's hear your thoughts on this?  Huh Huh

Amazon will try bitcoin to start them own coins and may be accept using bitcoin to buy this tokens .

anyway amazon have gifts card and huge support which make it away from bitcoin
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December 03, 2017, 03:27:07 PM
#86

they accepting bitcoin because they are smart enough and they accepted what is the future currency of all people that are still increasing up today. amazon is one of the most popular market now and they will be in the future.

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December 03, 2017, 05:08:59 PM
#87

they accepting bitcoin because they are smart enough and they accepted what is the future currency of all people that are still increasing up today. amazon is one of the most popular market now and they will be in the future.
You got it right Sir, Amazon is smart and good in business strategy that's why they know the demand of the market using bitcoin and different altcoins as well. No wonder how Amazon become one of the leading company specially in United States. They want to go on the evolution of technology using the bitcoin for the future and beyond.

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December 03, 2017, 06:18:18 PM
#88

they accepting bitcoin because they are smart enough and they accepted what is the future currency of all people that are still increasing up today. amazon is one of the most popular market now and they will be in the future.

They come to know the importance of bitcoin, if they get bitcoin for FIAT means after someday they will get more then the holding. Actually I will consider this as a honor to the bitcoin. Bitcoin will be the future currency obviously so they get into the bitcoin very soon. This is not a end,all the site will accept bitcoin as a payment instead of FIAT Soon.

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December 03, 2017, 07:31:53 PM
#89

In my opinion, i think bitcoin need to improve the speed of transaction. Bitcoin is really useful and convenient  in many way as no difficult procedure, no inflation and incognito. However, to be accepted as a way of payment by retailer or online shopping webs, bitcoin need to improve many disadvantages and retailer must have a different and detail way for bitcoin's payment because bitcoin absolutely out of regular payment like cash. Finally, i still glad to see bitcoin will be used as a payment for everything in future, it has much of advantages and applies bitcoin for payment will bring much benefit for retailer and customer.
I think it has improved a lot because mempool is not that clogged anymore. But to really improved in LN should be implement but that is just another story. That's why when bitcoin price beginning to go up, I think it has defeated its own purpose of being a micro-payment transaction. Now people think of it as a form of investment. So it will really take more time for bitcoin to be accepted and adopted by most merchants today.

they accepting bitcoin because they are smart enough and they accepted what is the future currency of all people that are still increasing up today. amazon is one of the most popular market now and they will be in the future.
You got it right Sir, Amazon is smart and good in business strategy that's why they know the demand of the market using bitcoin and different altcoins as well. No wonder how Amazon become one of the leading company specially in United States. They want to go on the evolution of technology using the bitcoin for the future and beyond.
If they aren't smart, Amazon will not grow as the #1 largest online retailer in the world. But it would take some time for them to really accept bitcoin now. They have to look at how the market of bitcoin is, potential earnings, their clients and so on. I also wish that Amazon should accept it today, but I have uneasy feeling that it will take some time for them to recognized bitcoin and readily accept it as mode of payment.



               
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December 03, 2017, 09:05:03 PM
#90

I do not believe that any large corporation will accept bitcoin until either the lightning network is online, or there is a block size increase to reduce fees.

Segwit has been active for quite a while now, and yet it lacks serious usage due to services being reluctant to actually utilize Segwit for whatever reason. I am quite sure that if the economical majority starts utilizing Segwit to the full, we would likely be able to get the fees to decrease a bit, but that's all for now - Segwit unfortunately isn't a solution. We definitely need off-chain solutions (Lightning Network) to offer people the convenience they expect a proper functioning currency to have. Till that time, we shouldn't expect any major entity such as Amazon to even consider accepting Bitcoin. But then again, Lightning Network will definitely stimulate micro transactions, but these will likely just be P2P transactions rather than people actually spending their coins. No matter how well Lightning Networks functions, people will still consider Bitcoin to be more of an investment or store of value, rather than something they spend to purchase goods.

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December 03, 2017, 09:35:57 PM
#91

I think Op is right about the numbers per transaction with amazon members this would totally be a day to two waiting time and that is bad impression to bitcoin.. Maybe Amazon accepting cryptocurrency is much buyable,, so everyone can make many choices to divide this kind of problem or its better Amazon will start to planned for an altcoin to be made or support because with theyre popularity that would be successful and many would invest..

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December 04, 2017, 07:24:48 AM
#92

I think Op is right about the numbers per transaction with amazon members this would totally be a day to two waiting time and that is bad impression to bitcoin.. Maybe Amazon accepting cryptocurrency is much buyable,, so everyone can make many choices to divide this kind of problem or its better Amazon will start to planned for an altcoin to be made or support because with theyre popularity that would be successful and many would invest..
Using popularity means so much, just like a game changer in a crucial game of bitcoin community. It's also a good factor to reduce the risky part. Good thinking/comment.

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December 05, 2017, 05:33:53 AM
#93

I see a lot of people pushing for companies like Amazon to accept Bitcoin as a payment option. Have we considered the

implications of these decisions? Let's say we cannot scale to "service" the need for millions of new people who would use

this technology for the first time. What a big embarrassment would it be, if people waited 13 hours for their transactions to

be confirmed. Doing this now will hurt Bitcoin more than any other "bad" thing that has happened to it before.

We need to wait for the perfect scaling solution to address this problem, before Amazon or any other big retailer starts to

accept Bitcoin as a payment option. The Lightning Network might get us close, but it is not a proven technology yet.

Let's hear your thoughts on this?  Huh Huh
A bad launch like that will be very embarrassing and we do not want that, there is no point in pushing for something bitcoin is not ready yet, we need at least a few more years before that becomes a reality.
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December 05, 2017, 10:38:29 AM
#94

It's not as bad as you think

It's true that bitcoin tx is taking ages to be confirmed but with a higher fees which can go up to 100$ sometimes if you have many inputs then this sucks

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December 07, 2017, 11:49:46 AM
#95

I see a lot of people pushing for companies like Amazon to accept Bitcoin as a payment option. Have we considered the

implications of these decisions? Let's say we cannot scale to "service" the need for millions of new people who would use

this technology for the first time. What a big embarrassment would it be, if people waited 13 hours for their transactions to

be confirmed. Doing this now will hurt Bitcoin more than any other "bad" thing that has happened to it before.

We need to wait for the perfect scaling solution to address this problem, before Amazon or any other big retailer starts to

accept Bitcoin as a payment option. The Lightning Network might get us close, but it is not a proven technology yet.

Let's hear your thoughts on this?  Huh Huh

Big e-commerce companies like Amazon (or Alibaba) would incredibly increase the diffusion and use of bitcoin.
these companies have hundreds of millions of users with endless transactions every day!
When this happens, the diffusion of the btc will be massive.
Obviously in the meantime it will be necessary to find solutions for an immediate confirmation of the transactions.

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December 08, 2017, 02:49:58 PM
#96

I see a lot of people pushing for companies like Amazon to accept Bitcoin as a payment option. Have we considered the

implications of these decisions? Let's say we cannot scale to "service" the need for millions of new people who would use

this technology for the first time. What a big embarrassment would it be, if people waited 13 hours for their transactions to

be confirmed. Doing this now will hurt Bitcoin more than any other "bad" thing that has happened to it before.

We need to wait for the perfect scaling solution to address this problem, before Amazon or any other big retailer starts to

accept Bitcoin as a payment option. The Lightning Network might get us close, but it is not a proven technology yet.

Let's hear your thoughts on this?  Huh Huh
i feally dont know why this issue about amazon to accept bitcoin
as payment being a big problem.when we can buy anything using bitcoin
even not in amazon.lets move on guys if amazon dont want bitcoin for their
company and so bitcoin dont need amazon too.this community is self supporting
we dont need then,instead they must need us

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December 08, 2017, 04:00:05 PM
#97

there is nothing wrong just the amazon are trying to do what will be good at the market like steem because btc claiming to big fee's in some users of it, that's the problem of the btc's when it is put on some good markets like amazon.

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December 08, 2017, 08:08:18 PM
#98

I see a lot of people pushing for companies like Amazon to accept Bitcoin as a payment option. Have we considered the

implications of these decisions?
Its because AMAZON holds so many regular customers and sellers as well. I mean sellers because they needs to accept with bitcoin payment systems.
So accepting bitcoin is not much easy in order to push sellers to accept the same because everyone needs to believe or understand its value.
If amazon or any eCommerce giants could able to find those sellers who aware and interested in crypto currency acceptance then it will be great and the same news will give a big spike in bitcoin.
Decision making is not only with AMAZON but also with contract seller's hand too.
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December 08, 2017, 10:33:22 PM
#99

there is nothing wrong just the amazon are trying to do what will be good at the market like steem because btc claiming to big fee's in some users of it, that's the problem of the btc's when it is put on some good markets like amazon.

Steam (if you're referring to that service) has indeed stopped accepting Bitcoin unfortunately, but it's quite understandable if we look at it from an unbiased point of view. People won't pay $10-$15 just in fees when they with that money can top up their account and buy stuff. I hope that Steam will rethink their decision once lightning network becomes publicly available. It should take away the current inconvenience and give people what they want, and that's something actually being worth spending. In easy terms, as long as there is no lightning network, people shouldn't expect Amazon to come on board.

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December 09, 2017, 11:17:09 AM

I see a lot of people pushing for companies like Amazon to accept Bitcoin as a payment option. Have we considered the

implications of these decisions? Let's say we cannot scale to "service" the need for millions of new people who would use

this technology for the first time. What a big embarrassment would it be, if people waited 13 hours for their transactions to

be confirmed. Doing this now will hurt Bitcoin more than any other "bad" thing that has happened to it before.

We need to wait for the perfect scaling solution to address this problem, before Amazon or any other big retailer starts to

accept Bitcoin as a payment option. The Lightning Network might get us close, but it is not a proven technology yet.

Let's hear your thoughts on this?  Huh Huh
There are two sides to this coin, you are only seeing the bad. If amazon began to receive in BTC with certainty in this version that the BTC this the network would be extremely congested due to the payments of purchases made in their site.

On the other hand if Amazon started to receive the currency as a payment would give an incredible hype in popularity, this would attract curious divers to the world of crypto coins and consequently disverse of them if they would enter this circle.

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December 09, 2017, 01:39:46 PM

there is nothing wrong just the amazon are trying to do what will be good at the market like steem because btc claiming to big fee's in some users of it, that's the problem of the btc's when it is put on some good markets like amazon.

Steam (if you're referring to that service) has indeed stopped accepting Bitcoin unfortunately, but it's quite understandable if we look at it from an unbiased point of view. People won't pay $10-$15 just in fees when they with that money can top up their account and buy stuff. I hope that Steam will rethink their decision once lightning network becomes publicly available. It should take away the current inconvenience and give people what they want, and that's something actually being worth spending. In easy terms, as long as there is no lightning network, people shouldn't expect Amazon to come on board.

Yeah. seeing Steam stopped accepting bitcoin is quite sad, but we can't blame them because of the ever increasing transaction fee that we are experiencing. I guess this is the same reason why Amazon is still contemplating of accepting bitcoin and quite frankly as much as we want them to accept it, we could blame them at all for not doing it. From a business point of view, there's little money to make with, maybe they need to upgrade their infrastructure as well and the returns is that that good. I also agree with the Lighting Network alternatives, but its gonna be a uphill battle if they are going to implement it as sidechains to bitcoin.

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December 09, 2017, 01:40:45 PM

I think Op is right about the numbers per transaction with amazon members this would totally be a day to two waiting time and that is bad impression to bitcoin.. Maybe Amazon accepting cryptocurrency is much buyable,, so everyone can make many choices to divide this kind of problem or its better Amazon will start to planned for an altcoin to be made or support because with theyre popularity that would be successful and many would invest..
Using popularity means so much, just like a game changer in a crucial game of bitcoin community. It's also a good factor to reduce the risky part. Good thinking/comment.
It is really a good factor as that would bring in a lot of investors and users into the community. Purse has been doing great trying to integrate their bitcoin escrow system into amazon purchase and people have been making good use of it.

Now, imagine going on a large scale, the rate at which bitcoin enthusiasts and to be investors will see it as a chance to use in real life. But for now, the devs have been complacent with the speed of transaction and I really do not know how long this is going to take.

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CyberKuro
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December 09, 2017, 03:32:59 PM

It's hard for bitcoin to meet the requirements to become the form of payment for a big business such as Amazon, bitcoin is an asset for now due to inability to fulfil so many transactions in every second, high fee and it takes a long time to be confirmed. Fiat currency or credit card is a better option to make a transaction on the daily basis. It becomes community decisions to take another step for bitcoin scale solution which can take months and even years to agree on such crucial thing, or we just can't get into mainstream transactions, and stay in the box for another year.

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December 09, 2017, 03:46:35 PM

for now it's totally unfeasible. Maybe, for the very first steps in a reality like amazon a good solution could be accepting btc only to purchase high-value gift cards ( 50$ or more). Starting with an adoption of btc only as a payment option restricted for that things (and it could be a solution to avoid third parties in gift card markets which accept btc) - but is too early to adopt it as a general payment option  Sad
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December 09, 2017, 05:48:12 PM

I think Op is right about the numbers per transaction with amazon members this would totally be a day to two waiting time and that is bad impression to bitcoin.. Maybe Amazon accepting cryptocurrency is much buyable,, so everyone can make many choices to divide this kind of problem or its better Amazon will start to planned for an altcoin to be made or support because with theyre popularity that would be successful and many would invest..
Yes, Amazon has a pretty big market and the number of transactions going on every day is huge which is why bitcoin still have some pretty good development to make before then. Things would change, segwit has been on and even though it is not being used that much, time will make it change.

I am really looking forward now to seeing the LN deployed because that is the only way this can work and it is really long overdue.

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December 10, 2017, 06:39:43 AM

I think it's just a news on an online newspaper, we don't know it's true or not. I think we need to hear the orginal announcement from the CEO of Amazon to know what will happen, if they will accept Bitcoin for payment on their market or not. For now we can't sure about anything, it's just conjecture

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December 10, 2017, 09:05:35 AM

It's not as bad as you think

It's true that bitcoin tx is taking ages to be confirmed but with a higher fees which can go up to 100$ sometimes if you have many inputs then this sucks
Well, it may not be as bad as we all think now, but it is better to be safe than be sorry.
We have all known what network congestion can be like and we do not know the level at which the Amazon community is going to embrace bitcoin yet, but we sure do have to be prepared for it so we can get it right.

Still, I feel we really need a push and rather than staying in our comfort zone, it should better happen so that something can be done fast.

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