Amazon cheapens "e-currency" concept - page 2.

wtfvanity

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WTF???

Quote from: Gabi on February 06, 2013, 02:28:14 PM

I don't get why all this attention about this amazon thing.

It is not anything new, facebook had facebook coins, this is exactly the same, it is totally unrelated from bitcoin.

Correction. FB had credit. Amazon has coins. I think the only new thing is them using coins in the name.

Gabi

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If you want to walk on water, get out of the boat

I don't get why all this attention about this amazon thing.

It is not anything new, facebook had facebook coins, this is exactly the same, it is totally unrelated from bitcoin.

nobbynobbynoob

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Annuit cœptis humanae libertas

Should Bitcoin transaction fees get high enough in future, I foresee similar 'internal accounting' mechanisms being employed more often by bitcoin businesses too.

wtfvanity

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Quote from: DeathAndTaxes on February 06, 2013, 01:55:27 PM

Amazon is just following in a long line of other companies. Microsoft, Sony, Nintendo, Zynga, etc. Really this is just a sympton of broken credit card model. Lower cost and more user friendly to make one payment gets a bunch of tokens and then buy on site. I mean an physical arcade might accept credit cards for a bulk purchase of tokens but they aren't going to install a credit card reader on every game and charge the card $0.50 a swipe. Casino's do the same thing. You can buy chips for a CC cash advance at the cage but you can't hand the blackjack dealer your card to swipe for every hand.

Credit cards are a pain in the butt and these in house tokens are a way to make them a little less of a pain (for both consumer and merchant). This neither helps nor hurts Bitcoin in the slightest.

Since this is already posted in dozens of forums, allow me to go COMPLETELY OT based on what you just said DT.

You know who would be the perfect candidate for Bitcoins? It doesn't help with charging them by the day or what not, but redbox. A $1.25 rental half of that goes to the credit card company. Of course they would have to have you send $20 in BTC for a DVD rental and when you return it, they send the coins back... but they could double their profits or reduce the rental fee back to a buck.

DeathAndTaxes

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Gerald Davis

Amazon is just following in a long line of other companies. Microsoft, Sony, Nintendo, Zynga, etc. Really this is just a sympton of broken credit card model. Lower cost and more user friendly to make one payment gets a bunch of tokens and then buy on site. I mean an physical arcade might accept credit cards for a bulk purchase of tokens but they aren't going to install a credit card reader on every game and charge the card $0.50 a swipe. Casino's do the same thing. You can buy chips for a CC cash advance at the cage but you can't hand the blackjack dealer your card to swipe for every hand.

Credit cards are a pain in the butt and these in house tokens are a way to make them a little less of a pain (for both consumer and merchant). This neither helps nor hurts Bitcoin in the slightest.

abbyd

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Sorry, my search for "Amazon" on all forums was too general.

Perhaps the inline coin logo is more trollworthy than the other threads?

wtfvanity

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I can't believe how many posts we have about this same thing...

https://bitcointalksearch.org/topic/2013-02-05-introducing-amazon-coins-141316
https://bitcointalksearch.org/topic/amazon-releases-amazon-coins-reactions-141308
https://bitcointalksearch.org/topic/is-amazon-mocking-us-amazon-launches-amazon-coins-141335
https://bitcointalksearch.org/topic/introducing-amazon-coins-a-new-virtual-currency-for-kindle-fire-141425
https://bitcointalksearch.org/topic/amazons-new-coins-141432

abbyd

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Amazon Launches Its Own Currency to Make It Easier to Spend on the Kindle
http://www.wired.com/business/2013/02/amazon-coins-currency/

I'd say it's more like SCRIP : http://en.wikipedia.org/wiki/Scrip
You'll need a Swindle to buy crap you don't need off AZ... flames?

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