campaign to get Amazon to accept Bitcoin

[Brangdon]

I vote we put and end to trying to get new merchants to accept Bitcoin just to convert it into USD.  Yes, it is OK for a merchant to convert BTC to USD, but to just gather huge merchants who will only do a 100% conversion and never have any stake in BTC is not gaining the community much ground.

I disagree. The more places we can spend bitcoin, the better. Each one is a step closer to the point where retailers can pay their own suppliers and employees in bitcoin. When that happens, they'll start keeping a float in bitcoin without anyone telling them to.

[pungopete468]

Yea, the big companies won't accept Bitcoin any time soon, simply because of it's price fluctuations..

That can be managed easily, from what I've read, and all the major bitcoin processors offer immediate cashout to local currency to protect against such fluctuations.

Besides, if bitcoin does keep trending up then ending up holding it as a merchant is a good thing. 

That's right. Overstock has no exposure to price volatility because they only use BTC as a payment network. The price of a bitcoin is meaningless when used this way.

Overstock.com holds 10% of its Bitcoin payments but converts the other 90% to USD immediately...

I think that's a good strategy and it will snowball for them nicely.

[Beans]

Just make amazon orders through btczone.com for now.

[franky1]

bitpay have a few features that are amazon friendly.
https://bitpay.com/bitcoin-for-ecommerce#amazon

so guys, try to mention bitpay when talking to amazon
instant conversions of fiat, already coded shopping carts and fulfillment

[subSTRATA]

My efforts include buying from Overstock instead of Amazon.  

+1

Do not lick asses of those who pissed on Bitcoin. If they want to join fine but do not go so low to sell your dignity or soul to make them join Bitcoin.

[Siegfried]

My efforts include buying from Overstock instead of Amazon.  

+1

Do not lick asses of those who pissed on Bitcoin. If they want to join fine but do not go so low to sell your dignity or soul to make them join Bitcoin.

Did Amazon "piss on Bitcoin"? Or have they just not accepted it yet?

[Francecrypto]

Not sure if amazon or any other companies on the internet will accept Bitcoin anytime soon.

It's understandable because of the huge fluctuations, but i'm sure once (and if) the price gets more stable, they will accept it.

[PayWithPins]

What happens when Amazon acquires $6,000,000,000 worth of bitcoins and doesn't sell them.  Just hoards them?   I don't think the market cap of Bitcoin is large enough currently to be able to service Amazon.

[BitPhotos]

What happens when Amazon acquires $6,000,000,000 worth of bitcoins and doesn't sell them.  Just hoards them?   I don't think the market cap of Bitcoin is large enough currently to be able to service Amazon.

Well I think Amazon would most likely do something like overstock, keep 10% in BTC and the other 90% into another currency

[ns12123]

Total support for this campaign, this gonna be awesome if happens.

Go go

[ebliever]

What happens when Amazon acquires $6,000,000,000 worth of bitcoins and doesn't sell them.  Just hoards them?   I don't think the market cap of Bitcoin is large enough currently to be able to service Amazon.

That would be awesome! It would tighten up the money supply for bitcoin and send prices rocketing upwards. Demand would be increasing because people would see Amazon as a bellwether for widespread bitcoin use/acceptance, and with tightened supplies bitcoin could go stratospheric. Which would be a nice bonus for Amazon in such a case.

[natoshisakamoto]

It would be nice if there was some kind of "Bitcoin Acceptance Bounty" system for stores, where people could donate Bitcoins to a pool of money designated for a specific store, held in escrow, as a reward that could be collected once that store accepted Bitcoin.

For example, I would definitely donate $20 to the bounty for Wendy's. Buying a 5-piece nuggets and a Frosty with Bitcoin would be heaven on earth.

For Amazon, if such a bounty existed, it could easily get to pretty high numbers, because the value of Bitcoins will skyrocket it they accept it. So, it could get into the millions, which would be pretty hard for the Amazon board to resist, since their job is to increase the bottom line for shareholders.

 

[Nathonas]

My efforts include buying from Overstock instead of Amazon.  

This is pretty much the biggest message you can send to a business. It's all about profit first. If you affect the profit you can change almost anything.

[shakingmyhead]

If bitcoin lasts long enough, eventually they would have to accept it right ?

[ebliever]

It would be nice if there was some kind of "Bitcoin Acceptance Bounty" system for stores, where people could donate Bitcoins to a pool of money designated for a specific store, held in escrow, as a reward that could be collected once that store accepted Bitcoin.

For example, I would definitely donate $20 to the bounty for Wendy's. Buying a 5-piece nuggets and a Frosty with Bitcoin would be heaven on earth.

For Amazon, if such a bounty existed, it could easily get to pretty high numbers, because the value of Bitcoins will skyrocket it they accept it. So, it could get into the millions, which would be pretty hard for the Amazon board to resist, since their job is to increase the bottom line for shareholders.

 

Now that's a fascinating idea, if someone could somehow get the ball rolling to organize something like that.

[dewdeded]

Post a good text, we can mail to Amazon.

[BitcoinTate]

You will be able to do it very shortly with Moolah: https://moolah.io/

[Beliathon]

My efforts include buying from Overstock instead of Amazon.  

+1

I'm moving all my business (at least 100k / year in purchases from online retailers) to the sites that accept BTC

Newegg.com -> tigerdirect
Amazon.com -> Overstock.com

The leading online retailers have a false sense of security and hubris that we shall smash by taking our business elsewhere.

[niothor]

My efforts include buying from Overstock instead of Amazon.  

+1

Do not lick asses of those who pissed on Bitcoin. If they want to join fine but do not go so low to sell your dignity or soul to make them join Bitcoin.

This. We are not here to beg , we're the ones offering them advantages like lower fees new customers.

[franky1]

Not sure if amazon or any other companies on the internet will accept Bitcoin anytime soon.

It's understandable because of the huge fluctuations, but i'm sure once (and if) the price gets more stable, they will accept it.

^
|_ noob comment

bitcoin is already accepted on over 100,000+ internet companies sites, and a decent high percentage are sites that deliver physical goods to peoples homes after the payment is made.

there are even websites that, when you pay your bitcoin. FOOD arrives within 1 hour to your doorstep.
takaway.com - 7500 UK fast food restaurants
foodler.com - over 50k restaurants

and i only class the 2 internet companies mentioned above as 2 out of the 100,000+ internet companies. so ill allow you to calculate the many more subsidiary companies that profit daily via bitcoins.

so tell me again how bitcoins do not work for internet websites??