Topic: campaign to get Amazon to accept Bitcoin - page 3. (Read 5986 times)
If bitcoin lasts long enough, eventually they would have to accept it right ?
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.
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.
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.
Total support for this campaign, this gonna be awesome if happens.
Go go
Go go
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
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.
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.
It's understandable because of the huge fluctuations, but i'm sure once (and if) the price gets more stable, they will accept it.
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?
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.
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
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
Just make amazon orders through btczone.com for now.
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.
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.
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. 
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.
Post your efforts to get Amazon to accept Bitcoin here.
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.
It is now time for B2B uses. If Amazon accepted BTC AND offered to pay out commission sales and Amazon payments balances in BTC that would be QUITE DIFFERENT. That would be a huge boost to the ability to use and spread BTC usage as a payment method much further.
My efforts include buying from Overstock instead of Amazon.
Ditto. Even when not paying with BTC.
People will be watching Overstock to see how it's going, and it's going pretty well. I think the shitstorm with Gox slowed things down, and BTC got rutted into a bit of a negative news cycle, but as the dust clears retailers will pick up the pace again.
It's makes them money, so it's only a matter of time.
http://newsbtc.com/2014/03/13/overstock-com-reeling-20k-30k-daily-purchases-paid-bitcoin/
As to the apparently widespread claim that people are not spending their bitctoin, that's been proven false, so folks should stop yakking on about that. Simply isn't true.
http://www.coindesk.com/mit-report-bitcoin-more-likely-spent-hoarded/
"Newly released research from the MIT Technology Review, a faculty-run university magazine, suggests that new bitcoins are increasingly being spent, not hoarded, by users after purchase.
The data illustrates that the number of unspent, new bitcoins has declined drastically from 2009, when nearly half of all new bitcoins were held for the entire first year of ownership. Today, the vast majority of new bitcoins are spent within 24 hours, the findings suggest."
It's makes them money, so it's only a matter of time.
http://newsbtc.com/2014/03/13/overstock-com-reeling-20k-30k-daily-purchases-paid-bitcoin/
As to the apparently widespread claim that people are not spending their bitctoin, that's been proven false, so folks should stop yakking on about that. Simply isn't true.
http://www.coindesk.com/mit-report-bitcoin-more-likely-spent-hoarded/
"Newly released research from the MIT Technology Review, a faculty-run university magazine, suggests that new bitcoins are increasingly being spent, not hoarded, by users after purchase.
The data illustrates that the number of unspent, new bitcoins has declined drastically from 2009, when nearly half of all new bitcoins were held for the entire first year of ownership. Today, the vast majority of new bitcoins are spent within 24 hours, the findings suggest."
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.
If I had a bitcoin I would gladly spend it on a camera which is why I'm saving up my bitcoin right now lol, was gonna buy from over rest obit I might try zinc and buy from amazon instead once I actually get the BTC I need D: gonna take a while to get another .8 unfortunately 
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