Overstock.com NOW accepting bitcoins as payment!

[Raghnar]

http://www.overstock.com/bitcoin

[Raghnar]

I just ordered something and checked out with bitcoin so it is not a rumor, it is a fact and works just fine. 

Please try to find something you need on there and order it and pay with BTC so we can reward them for making this bold step and helping our community and the world as a whole.

[Valerian77]

yep - thats it

The Grand Experiment Goes Live: Overstock.com Is Now Accepting Bitcoins

Now we can wait for short until the other shops follow up ..

[LittleD]

This is great!!!! going to take a look   

[LittleD]

Lets tell the world 

[jcoin200]

yep - thats it

The Grand Experiment Goes Live: Overstock.com Is Now Accepting Bitcoins

Now we can wait for short until the other shops follow up ..

Great line from the Overstock CEO: "It helps us fight the machine" (big banks/government)

[hilariousandco]

yep - thats it

The Grand Experiment Goes Live: Overstock.com Is Now Accepting Bitcoins

Now we can wait for short until the other shops follow up ..

Great line from the Overstock CEO: "It helps us fight the machine" (big banks/government)

Not exactly when they turn it instantly back to fiat, but I guess it's a start.

[EvilPanda]

Lets tell the world 

The world already knows - just a few minutes ago somebody bought 600 coins on gox  

[LittleD]

Lets tell the world 

The world already knows - just a few minutes ago somebody bought 600 coins on gox  

haha yes our BTC world know but NOT THE WORLD! but I just hope this brings the price up again. hoping 2000 buy march !

[Phoen1x]

Any thoughts as to whether this will make a meaningful difference towards chilling BTC volatility?  I feel like it's definitely a step in the right direction, right?

[stayeduptolate]

Any thoughts as to whether this will make a meaningful difference towards chilling BTC volatility?  I feel like it's definitely a step in the right direction, right?

yes and it will help to get other BIG retailers to hop on the BTC train!

[keithers]

yep - thats it

The Grand Experiment Goes Live: Overstock.com Is Now Accepting Bitcoins

Now we can wait for short until the other shops follow up ..

Great line from the Overstock CEO: "It helps us fight the machine" (big banks/government)

This is a great line.  Depending on the success of this roll out (if it yields good returns for overstock), I am sure that many retailers will follow suit.   I am kind of curious to see how this will affect the over all value of 1 btc, if they get an overwhelming number of orders, and just immediately sell the btc back into USD via whatever exchange they have the agreement with?

[Phoen1x]

yep - thats it

The Grand Experiment Goes Live: Overstock.com Is Now Accepting Bitcoins

Now we can wait for short until the other shops follow up ..

Great line from the Overstock CEO: "It helps us fight the machine" (big banks/government)

This is a great line.  Depending on the success of this roll out (if it yields good returns for overstock), I am sure that many retailers will follow suit.   I am kind of curious to see how this will affect the over all value of 1 btc, if they get an overwhelming number of orders, and just immediately sell the btc back into USD via whatever exchange they have the agreement with?

Dumb question, but which exchange are they going to use?  Have they publicly said?

[hilariousandco]

yep - thats it

The Grand Experiment Goes Live: Overstock.com Is Now Accepting Bitcoins

Now we can wait for short until the other shops follow up ..

Great line from the Overstock CEO: "It helps us fight the machine" (big banks/government)

This is a great line.  Depending on the success of this roll out (if it yields good returns for overstock), I am sure that many retailers will follow suit.   I am kind of curious to see how this will affect the over all value of 1 btc, if they get an overwhelming number of orders, and just immediately sell the btc back into USD via whatever exchange they have the agreement with?

Dumb question, but which exchange are they going to use?  Have they publicly said?

What do you mean? They use an automatic payment processor.

[Peter Lambert]

yep - thats it

The Grand Experiment Goes Live: Overstock.com Is Now Accepting Bitcoins

Now we can wait for short until the other shops follow up ..

Great line from the Overstock CEO: "It helps us fight the machine" (big banks/government)

This is a great line.  Depending on the success of this roll out (if it yields good returns for overstock), I am sure that many retailers will follow suit.   I am kind of curious to see how this will affect the over all value of 1 btc, if they get an overwhelming number of orders, and just immediately sell the btc back into USD via whatever exchange they have the agreement with?

Dumb question, but which exchange are they going to use?  Have they publicly said?

They are using coinbase

[Taborresen]

Since overstock is working with Coinbase Ovverstock taking bitcoins, isn't cinbase also trading litecoin. Get the idea? This just might go crazy,

[BitchicksHusband]

yep - thats it

The Grand Experiment Goes Live: Overstock.com Is Now Accepting Bitcoins

Now we can wait for short until the other shops follow up ..

Great line from the Overstock CEO: "It helps us fight the machine" (big banks/government)

Not exactly when they turn it instantly back to fiat, but I guess it's a start.

How do you know they are?  With Coinbase, they can choose any percentage from 0% to 100% to convert automatically.  They may be keeping it in bitcoin for 30 days (same as when credit card payments would come).

[BitchicksHusband]

yep - thats it

The Grand Experiment Goes Live: Overstock.com Is Now Accepting Bitcoins

Now we can wait for short until the other shops follow up ..

Great line from the Overstock CEO: "It helps us fight the machine" (big banks/government)

This is a great line.  Depending on the success of this roll out (if it yields good returns for overstock), I am sure that many retailers will follow suit.   I am kind of curious to see how this will affect the over all value of 1 btc, if they get an overwhelming number of orders, and just immediately sell the btc back into USD via whatever exchange they have the agreement with?

Dumb question, but which exchange are they going to use?  Have they publicly said?

Coinbase, so pretty much Bitstamp.  It was cool checking out.  They recognized that I was logged into Coinbase and offered to take payment directly from my account with a single click.  Awesome ease of use!

Please state (in general terms if you are concerned about privacy) what you bought with bitcoin at Overstock.  Everyone make at least a small purchase and list it here.  Support this move by Overstock and we all win.

I bought my daughter a book for school.

[BittBurger]

Time to get this economy going!!  Time to shop!!

[Predseda4D]

OK, nice.
But it is BIG FAIL!!! It is available only on US site. On international site this type of payment is not available. This is again one of basic ideas of cryptocurrencies - worldwide, borderless!!!!