Amazon Coin. Just had to laugh when I saw this.

drugs

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Quote from: QuestionAuthority on December 23, 2014, 12:16:10 PM

Amazon marketing was just trying to link it's product to something trendy and edgy just like most marketing departments do. This is so 2013. The trendy, edgy, cool aspect of calling everything "coin" is gone. I'm sure this will be gone soon when they move on to the next trend.

You might have a point. Think it will probably scare most of the general public away who don't understand crytpocoins though so not sure if it;s a good decision on Amazon's part.

QuestionAuthority

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You lead and I'll watch you walk away.

Amazon marketing was just trying to link it's product to something trendy and edgy just like most marketing departments do. This is so 2013. The trendy, edgy, cool aspect of calling everything "coin" is gone. I'm sure this will be gone soon when they move on to the next trend.

neoneros

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I can draw your avatar!

Quote from: promojo on December 23, 2014, 11:51:31 AM

And the question remains... What the hell is the point of it anyway? To keep this in their walled garden? For re-sellers/merchants? Why would I want to transfer from PayPal/CreditCard to Amazon Coin?

It is an incentive to get the customer to return and buy more at Amazon, cummulating more coins. And when used for micropayment you buy them in bulk, so you do not notice how many dollars you spent because is does not feel like real money anymore.

Poolie

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Quote from: colinistheman on December 23, 2014, 12:10:16 AM

If it had been an [ANN] alt coin thread it would have looked something like this... just for laughs

It's not decentralized.
It's not in limited supply.
It's not anonymous.
Amazon creates as many as they want.
It has no blockchain.
It's not a cryptocurrency. (just a virtual currency)

Ha. This coins shouldn't even be discussed here. It's nothing more than some kind of digital token called a coin and has nothing to do with cryptocurrencies.

promojo

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Quote from: colinistheman on December 22, 2014, 12:27:30 AM

It's Amazon Coin!! Yayy.

Fail.

And the question remains... What the hell is the point of it anyway? To keep this in their walled garden? For re-sellers/merchants? Why would I want to transfer from PayPal/CreditCard to Amazon Coin?

Cablez

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I owe my soul to the Bitcoin code...

So this looks like MS points for amazon. Is that all? YAWN

colinistheman

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If it had been an [ANN] alt coin thread it would have looked something like this... just for laughs

It's not decentralized.
It's not in limited supply.
It's not anonymous.
Amazon creates as many as they want.
It has no blockchain.
It's not a cryptocurrency. (just a virtual currency)

malaimult

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Quote from: sed on December 22, 2014, 03:53:29 PM

Quote from: elephantas1 on December 22, 2014, 10:49:29 AM

why they create their own crypto when they can just integrate bitcoin?

This is not a crypto, it's just amazon bucks. It's like when you have money on a starbucks card or something. OP was commenting, I think, on how the naming seems to be an attempt to ride on the coattails of bitcoin and altcoins.

Exactly. It is essentially a gift card but can only be used in games for in-app purchases. It is similar to facebook's credits for buying extra pigs in farmville.

IMO they are not trying to intimate bitcoin nor pass it off as being a crypto

bitllionaire

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it is really funny they try to have something like a coin, but I think almost nobody use that coins
They will finally accept bitcoin by the simple fact that bitcoin is being more and more used

uvwvj

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So what if Amazon starts accepting BTC for Amazon coin, will that change your mind?

Actually as an Amazone user I like this in this way, 100 Amason coins =$1 USD. I can only buy from Amazon but I would be getting a discount of 30% buy in coins instead of using a Credit card all the time especially if I don't want to put a cc on my phone to buy mobile.

bornil267645

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AltoCenter.com

When I saw it, it was funny alright,

But when I saw it with your post, it was historical,

Good one !!!

Possum577

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Loose lips sink sigs!

Quote from: commandrix on December 22, 2014, 07:28:11 PM

I've known about this for a while. Sure it might be reasonable that Bitcoin could sue for copyright infringement as far as the logo is concerned, but I never really thought it was a cryptocurrency. Just something bogus Amazon is doing.

Bitcoin isn't an entity that can sue people or organizations. Can the Dollar or Euro or Yen sue someone?

commandrix

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I've known about this for a while. Sure it might be reasonable that Bitcoin could sue for copyright infringement as far as the logo is concerned, but I never really thought it was a cryptocurrency. Just something bogus Amazon is doing.

Possum577

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Loose lips sink sigs!

Quote from: 548845 on December 22, 2014, 04:13:12 AM

I have no other way to explain this.

Its is beyond sad. It is pathetic.
It is something we should show compassion and understanding for.
But I am still not buying their shitty coins.

Hell I have problems accumulating Bitcoins, why the hell would I waste my money on Amazon coins?

Are all loyalty programs pathetic? Are airline miles sad? Are your credit card points not worth your compassion?

The OP is clearly confused...he/she is taking what is graphically portrayed as a coin and making a huge jump that it some how is related to Bitcoin or crypto currency. It's not. It's just a refreshed way to brand Amazon's loyalty points.

Stop searching for drama, you're worse than the media!

Possum577

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Loose lips sink sigs!

This looks like any other coin that's ever been minted. Physical alt currency coins were fashioned after fiat coins, so.....what's the problem?

I think it's a cool marketing idea, a new spin on the traditional loyalty points that retailers offer.

sed

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Quote from: elephantas1 on December 22, 2014, 10:49:29 AM

why they create their own crypto when they can just integrate bitcoin?

This is not a crypto, it's just amazon bucks. It's like when you have money on a starbucks card or something. OP was commenting, I think, on how the naming seems to be an attempt to ride on the coattails of bitcoin and altcoins.

Lauda

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Terminated.

It is pretty useless, I'm not sure what they thought they will gain from this.

Flashman

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Hodl!

Quote from: Stedsm on December 22, 2014, 10:25:08 AM

We need a campaign! Stat!

Do we have to? It was more fun when it was geeks only. Cheesy

bitcoinmining

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It looks really funny guys, thank you for sharing and don't take it so serious. Bitcoin is indisputable against these funny imitations Cheesy

iluvpie60

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Quote from: KenJackson on December 22, 2014, 10:14:09 AM

Quote from: iluvpie60 on December 22, 2014, 09:29:32 AM

It says you can save up to 30%. Did you read the whole article? It is also only used for games and apps. And this is from 2013.

Those features are not fundamental to currencies. They're just like coupons or reward points on a credit card.

Right, I agree it is not a currency, it almost kind of makes fun of crypto the way that they use it. It is odd they only let you use it on games/apps too. I don't understand why that is. You gotta admit though, 30% off of a $60 game is a pretty sweet deal, on top of that using an amazon rewards credit card to buy those coins gives you 3% off.

so that $60 game now is $40.74 before tax. Assuming they let you buy like xbox/pc/ps games and all that. Not sure if it is just games meaning "apps".

But still.

Topic: Amazon Coin. Just had to laugh when I saw this. (Read 2921 times)