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Topic: Amazon has just legitimized Bitcoin to the Entire World!!!! (Read 4863 times)

legendary
Activity: 1302
Merit: 1008
Core dev leaves me neg feedback #abuse #political
Are you confusing amazon with ebay?

No. I am not. Amazon has special deals from time to time for Paypal users, just like those they have for various CC users.

So why wouldn't they also create special deals for bitcoin users?
full member
Activity: 126
Merit: 100
Glass is half full! Always look at the positives!    Shocked

legendary
Activity: 3766
Merit: 1217
What would happen if all the dogecoiners persuaded Amazon to accept doge before bitcoin?

That will never happen. Even the retards at Amazon knows that Dogecoin is a useless shitcoin. May be they will encourage it outside Amazon, so that Doge will act as a parasite to Bitcoin and push its value down.
sr. member
Activity: 952
Merit: 281
What would happen if all the dogecoiners persuaded Amazon to accept doge before bitcoin?
hero member
Activity: 798
Merit: 500
Time is on our side, yes it is!
At this early stage every time bitcoin is mentioned, even if it is bad press, it is still good.  Even Mt. Gox failing is good news in the long run.  At some point the bitcoin community will say, "We haven't had another Mt. Gox in a long time because ______________ so bitcoin is safe now and the Wild West days are past."  That is IF IF IF bitcoin can really step up and make sure that there aren't any more Mt. Gox scenerious.  We need more multisig and 2nd party authentication.  

It is even good if a totalitarian government or 10 ban bitcoin.  That just means they are taking it seriously.  As long as the free world accepts (and yes taxes) it, bitcoin becomes stronger.  

At this early stage, Amazon saying it won't accept bitcoin is a huge win because it means bitcoin is big enough that they had to consider it.  Someday, if customers demand and they lose business to Bitazon, they will be forced to accept it.  

I agree but I think it should be recognized that BTC is in the early stages but also at a critical stage in some ways because alot of bad news is going to travel fast mainly because enough people are aware of BTC to the point that something to negative could be pretty devastating if enough trust/interest is lost IMO. 
legendary
Activity: 1232
Merit: 1001
mining is so 2012-2013
At this early stage every time bitcoin is mentioned, even if it is bad press, it is still good.  Even Mt. Gox failing is good news in the long run.  At some point the bitcoin community will say, "We haven't had another Mt. Gox in a long time because ______________ so bitcoin is safe now and the Wild West days are past."  That is IF IF IF bitcoin can really step up and make sure that there aren't any more Mt. Gox scenerious.  We need more multisig and 2nd party authentication.  

It is even good if a totalitarian government or 10 ban bitcoin.  That just means they are taking it seriously.  As long as the free world accepts (and yes taxes) it, bitcoin becomes stronger.  

At this early stage, Amazon saying it won't accept bitcoin is a huge win because it means bitcoin is big enough that they had to consider it.  Someday, if customers demand and they lose business to Bitazon, they will be forced to accept it.  
newbie
Activity: 2
Merit: 0
I think you're way too optimistic and extend too much  Grin

Amazon not taking bitcoin is huge?

I think you'll find Taylor mentioned it in response to a direct question about it in interview. What else is he supposed to do? You are making out as if he held a press conference just to mention Bitcoin. He didn't it was mentioned in an interview in a question and his reply was 'we've looked at it and we don't want it'. If you think them looking at it is huge then you must get excited easily. Obviously they've looked at it after the exposure it has had.
hero member
Activity: 798
Merit: 500
Time is on our side, yes it is!
Very interesting analysis of the article and I like the way you read threw the lines of what we need to do to get it accepted by Amazon.  I think we need a large group of people in "hot spots" to get the word out in a unified push so to speak.  It would be good if there was a BTC awareness program for lack of a better term similar to the Sig programs here on the forums.  Just a thought.
sr. member
Activity: 364
Merit: 250
I wonder how the government would act, as well as ebay/paypal
member
Activity: 65
Merit: 10
When I read the Post "Amazon has just legitimized Bitcoin to the Entire World!!!!" I thought I could already buy stuff on amazon.com. I guess the wish was father to the thought...

You can, if you buy a gift card with bitcoin through gyft.com

But yeah, leave it to the cultists to put a positive spin on everything. I mean, I am bullish on bitcoin long term, but not because of a (at best neutral) statement by Amazon.
newbie
Activity: 15
Merit: 0
When I read the Post "Amazon has just legitimized Bitcoin to the Entire World!!!!" I thought I could already buy stuff on amazon.com. I guess the wish was father to the thought...
legendary
Activity: 2114
Merit: 1040
A Great Time to Start Something!
I just sent this to tech support at Amazon.  Feel free to copy/paste


Hello,

I would like to cancel my account to the point that I no longer exist in your database.  The reason is that I read today that Amazon has no intention to accept bitcoin as a payment method.

Where do I start?

Thanks

Have they answered yet?
They might claim you have to remain in the database "so it's easy for you to come back" (or some other excuse)
sr. member
Activity: 266
Merit: 250
That would promote the bitcoin network a lot
legendary
Activity: 3766
Merit: 1217
Are you confusing amazon with ebay?

No. I am not. Amazon has special deals from time to time for Paypal users, just like those they have for various CC users.
newbie
Activity: 51
Merit: 0
I hope Amazon never accepts bitcoins, ever. Because if they did, they would convert it to fiat by selling it outright, thus driving down the btc price. Look what happened after overstock and tigerdirect started accepting btc. Amazon is much bigger, thus will have bigger effect.

You think as BTC picks up they'd have more incentive to keep the money in BTC? Eventually people could get paid partially in BTC as well Smiley
hero member
Activity: 770
Merit: 500
sr. member
Activity: 952
Merit: 281
I hope Amazon never accepts bitcoins, ever. Because if they did, they would convert it to fiat by selling it outright, thus driving down the btc price. Look what happened after overstock and tigerdirect started accepting btc. Amazon is much bigger, thus will have bigger effect.
As mentioned elsewhere, people who spend BTC often buy it back.  Also, this is a necessary evil to go through until merchants buy and hold BTC
legendary
Activity: 2114
Merit: 1040
A Great Time to Start Something!
If anything, Target should be looking at it.

They are still reeling from the credit card information scandal.  If they didn't have to store any information at all, they wouldn't have this problem.

Target should immediately set up an account with BitPay or Coinbase and start announcing to the world that you can now shop without giving your information.

Your post is right on Target.   Smiley
Let's send them some emails.
sr. member
Activity: 448
Merit: 250
I hope Amazon never accepts bitcoins, ever. Because if they did, they would convert it to fiat by selling it outright, thus driving down the btc price. Look what happened after overstock and tigerdirect started accepting btc. Amazon is much bigger, thus will have bigger effect.
legendary
Activity: 1456
Merit: 1001
This is the land of wolves now & you're not a wolf
Considering Amazon's partnership with Paypal, I really don't think that they will ever legitimize Bitcoin, as Paypal has declared an all out war against the former. Still.... this might be good news.

Are you confusing amazon with ebay?

I believe that is what he is doing
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