Topic: Overstock getting close $1million sales in bitcoin (Read 4443 times)
I haven't read this thread yet but the article I saw stated that the CEO plans to start holding coins, and is looking into ways to pay salaries and vendors in BTC.
That may happen in the future when bitcoin has wider acceptance.
Awesome news for btc and merchants looking to join the game.
I haven't read this thread yet but the article I saw stated that the CEO plans to start holding coins, and is looking into ways to pay salaries and vendors in BTC.
now start accepting Litecoin overstock!
No way. Litecoin is a worthless altcoin.
Let me guess , a crap coin insert name here________ that you hold alot of is better right ?
It's not worthless, but it really does need some merchant adoption to grow.
Nobody has any real reason to accept litecoin. It's just a Tenebrix copycat. not at all a tenebrix copycat , it's based on bitcoin where as Tenebrix is based on multicoin.
But let me guess clone coin dogecoin is better right ? or insta mined qaurk ? which crapcoin do you own alot of that is better then Litecoin ?
OVERSTOCK COIN
Great news for Bitcoin but the price are going down again today 
This has no impact on the price.
Great news for Bitcoin but the price are going down again today
now start accepting Litecoin overstock!
No way. Litecoin is a worthless altcoin.
Let me guess , a crap coin insert name here________ that you hold alot of is better right ?
It's not worthless, but it really does need some merchant adoption to grow.
Nobody has any real reason to accept litecoin. It's just a Tenebrix copycat. not at all a tenebrix copycat , it's based on bitcoin where as Tenebrix is based on multicoin.
But let me guess clone coin dogecoin is better right ? or insta mined qaurk ? which crapcoin do you own alot of that is better then Litecoin ?
Good but lets continue Onward !
(cough newegg, someone please get this done)
(cough newegg, someone please get this done)
This time next year it will be $10M in sales per month for them.
Which is completely pointless IMO
I agree, but I think it'll happen. From the customer's point of view, the payment page will have a combobox with a drop-down list of crypto-currencies that are accepted, and it'll be at most a couple of clicks to select the one they want to pay in. Hopefully BTC will be the default, and the one every vendor accepts, but they won't want to turn away customers who prefer some other currency.We have yet to see that. We have yet to even see payment processors offer that as an option. Given the near instant liquidity between BTC and copy cats a merchant is very unlikely to lose sales by not offering to accept payments in 928,390,238,120 different alt coins. So the payment process gains a negligible amount in incremental sales.
There are also the logistical issues. Services like bitpay lock an exchange rate in order to guarantee the merchant a certain amount in USD (or other currency). BitPay takes the currency rate risk, you can only move/transfer risk not erase it. Imagine what would happen if someone tried to buy $1,000,000 worth of mining rigs through a merchant using BitPay and decided to pay with say PeerCoin or FeatherCoin or TerraCoin or
Could it happen? Maybe. However there is very little value and a huge amount of risk for the payment processor.
Which is completely pointless IMO
I agree, but I think it'll happen. From the customer's point of view, the payment page will have a combobox with a drop-down list of crypto-currencies that are accepted, and it'll be at most a couple of clicks to select the one they want to pay in. Hopefully BTC will be the default, and the one every vendor accepts, but they won't want to turn away customers who prefer some other currency. Nobody has any real reason to accept litecoin. It's just a Tenebrix copycat.
Although I agree, it seems to me that once you are set up for one crypto-currency, accepting others is relatively easy. I imagine fairly soon we'll get payment processors offering a wide variety of currencies to vendors. Which is completely pointless IMO
Nobody has any real reason to accept litecoin. It's just a Tenebrix copycat.
Although I agree, it seems to me that once you are set up for one crypto-currency, accepting others is relatively easy. I imagine fairly soon we'll get payment processors offering a wide variety of currencies to vendors. Which is completely pointless IMO
Nobody has any real reason to accept litecoin. It's just a Tenebrix copycat.
Although I agree, it seems to me that once you are set up for one crypto-currency, accepting others is relatively easy. I imagine fairly soon we'll get payment processors offering a wide variety of currencies to vendors. But bitcoin have droped almost 20% in this month
Since they exchange immediately for fiat, it doesn't scare them that much..
The more stable btc value will be the more people are going to spend em instead of keeping em hoping they will increase in value. Stabilized value will actually be good for widespread adoption.
True, but I don;t think it will fully stabilise for a very long time. You might have periods where it seems quite stable, but will then surge or plummet depending on some news.
But bitcoin have droped almost 20% in this month
Since they exchange immediately for fiat, it doesn't scare them that much..
The more stable btc value will be the more people are going to spend em instead of keeping em hoping they will increase in value. Stabilized value will actually be good for widespread adoption.
Congrats for Overstock and hope the reach 10 million even faster! Very well done guys.
It's not worthless, but it really does need some merchant adoption to grow.
Nobody has any real reason to accept litecoin. It's just a Tenebrix copycat. global moderator
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now start accepting Litecoin overstock!
No way. Litecoin is a worthless altcoin.
It's not worthless, but it really does need some merchant adoption to grow.
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