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Author Topic: [ANN] Amazon Coin - Unlimited and 100% Premined! Only ONE WAY TRADING.  (Read 1046 times)
brooklynite
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February 21, 2014, 07:36:40 AM
 #1

I just wanted to start this thread so we can make fun of discuss Amazon's attempt to utilize people's confusion about digital currency and profit. So Amazon has made these "coins" that are basically "gift cards" you PAY REAL FIAT MONEY to buy and they have zero resale value. You can never ever sell them. Why The F would anyone buy these coins? Well stupid people are everywhere and they would.

There is no mining and there is no algorithm.

Very white paper. Such class. Many greed.

Amazon even made a Logo for it!!


Image used under copyright fair use.

Premine:

100% by Amazon!

Pools
None! Easy!

Exchanges
None.
Trading uses the latest Crypto technology that is ONE WAY. You can only BUY this coin but you cant SELL it. And there is only one place you can buy this and thats Amazon themselves. No exchanges. Have some coins and want to sell? sorry, You can only BUY this coin you can NEVER EVER sell it. This is just like a GIFT CARD but you can only buy apps with it.

Faucets
None

Promotions
Millions of Android phones automatically got updated to show this coin.


---

And you thought some crapcoin developers on bitcointalk are scammers? think again. What really gets me is the LOGO and creating confusion about digital currency. Amazon could've simply called these "gift cards" and not "coins" and not create logo like an altcoin.

Amazon, please reconsider this attempt. No so classy.
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MT.POOP
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February 21, 2014, 07:42:41 AM
 #2

Its a giftcard not a coin.
poornamelessme
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February 21, 2014, 07:52:57 AM
 #3

Yeah, as stated, it's meant as a form of a gift card, not an actual currency. It's simply used to buy apps with on their webstore -- and I should add, it's usually cheaper to use their coins than actual money (assuming they still have a coin discount going on).

They also have giveaways and usually provide free coins with app purchases, and on occasion have even given away coins with free app purchases. I got like $15 worth just due to promotions. It's hardly a scam, unless some oddball person here tries to buy them thinking they will increase in value or they can sell them on some market.

brooklynite
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February 21, 2014, 08:18:06 AM
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Its not a scam, its just Amazon exploiting the Bitcoin popularity and selling gift cards wrapped in a digital coin shape. Yes you get 10% discount on the App.
poornamelessme
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February 21, 2014, 08:30:15 AM
 #5

I really, really doubt that anyone buying amazon coins are getting them confused with cryptocurrency. Nor expect 99.9% of their customers even know what bitcoins are.

As for why people buy these coins, you answered your own question. They save money on apps using the coins.

xeroc
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February 21, 2014, 08:49:56 AM
 #6

shitcoin
  • no wallet
  • no pool
  • no block explorer
  • no blocks ;-)
Anubite
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February 21, 2014, 09:12:19 AM
 #7

shitcoin
  • no wallet
  • no pool
  • no block explorer
  • no blocks ;-)
+1

Let me know if I am doing something right. Smiley
DOGE: DKBx8CMVnFwnea2uQ3RsLLB2CvQCFkzVT8
Cryptsy: 8981f2166046a5b587c4f86a2c994ec573a8a236
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