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Topic: Predict the Date: When will Amazon accept Bitcoin ? - page 2. (Read 2229 times)

newbie
Activity: 20
Merit: 0
More likely that Amazon will come out with its own currency.

They can try, but I don't see why people would adopt it.

Reason #1

Because it's fricking Amazon.

So people will buy into amazon's currency so they can spend it on Amazon? Might as well just vouchers. And any company can create their own money, but it wont be cryptocurrency.

If they did would it be 100% pre-mined?

Doubtful.

They'd probably "mine" it by offering rewards programs to get it into circulation. But it can only be spent on Amazon, issued by Amazon, etc. and might offer some value that cash doesn't, like "X amount off orders worth $Y" or expedited shipping, reduced sales tax, whatever.

Amazon likes to handle things in-house... they're the largest shipping operation in the history of humankind. Tens of thousands of outlets and warehouses. A whole internal system.

This kinda seems the opposite of what cryptos are about, but I guess it's only a matter of time before some corporation tries their own pre-mined Corporatecoin.

Oh, and YEAH, YEAH, YEAH!

http://blog.39degreesnorth.tv/wp-content/uploads/2010/10/bono_in_africasmall.jpg



No corporatecoin would ever be accepted by the masses or the media; not even Amazoncoin.  After Overstock adopts btc, it is likely other retailers will follow.  Another thread could be started on when Ebay/Paypal will accept.  Bitcoin takes profit away from them so, actually more unlikely for EBay than Amazon.   However, Online Retailers save money by using Bitcoin- - - No 1.5% payment to process creditcard plastic fees.  This is big money & this is why online retailers will adopt someday.
full member
Activity: 227
Merit: 125
the acceptance might come, but first, BTC has to stabilise itself and I dont see this coming in the near future. Right now, it is more of an amazing volitile digital commodity with some payment options.

Depends how you define 'near future'. I reckon it will stabilise eventually, but it will take time.

10 years or more I guess
global moderator
Activity: 4018
Merit: 2728
Join the world-leading crypto sportsbook NOW!
More likely that Amazon will come out with its own currency.

They can try, but I don't see why people would adopt it.

Reason #1

Because it's fricking Amazon.

So people will buy into amazon's currency so they can spend it on Amazon? Might as well just vouchers. And any company can create their own money, but it wont be cryptocurrency.

If they did would it be 100% pre-mined?

Doubtful.

They'd probably "mine" it by offering rewards programs to get it into circulation. But it can only be spent on Amazon, issued by Amazon, etc. and might offer some value that cash doesn't, like "X amount off orders worth $Y" or expedited shipping, reduced sales tax, whatever.

Amazon likes to handle things in-house... they're the largest shipping operation in the history of humankind. Tens of thousands of outlets and warehouses. A whole internal system.

This kinda seems the opposite of what cryptos are about, but I guess it's only a matter of time before some corporation tries their own pre-mined Corporatecoin.

Oh, and YEAH, YEAH, YEAH!



newbie
Activity: 42
Merit: 0
More likely that Amazon will come out with its own currency.

They can try, but I don't see why people would adopt it.

Reason #1

Because it's fricking Amazon.

So people will buy into amazon's currency so they can spend it on Amazon? Might as well just vouchers. And any company can create their own money, but it wont be cryptocurrency.

If they did would it be 100% pre-mined?

Doubtful.

They'd probably "mine" it by offering rewards programs to get it into circulation. But it can only be spent on Amazon, issued by Amazon, etc. and might offer some value that cash doesn't, like "X amount off orders worth $Y" or expedited shipping, reduced sales tax, whatever.

Amazon likes to handle things in-house... they're the largest shipping operation in the history of humankind. Tens of thousands of outlets and warehouses. A whole internal system.
global moderator
Activity: 4018
Merit: 2728
Join the world-leading crypto sportsbook NOW!
More likely that Amazon will come out with its own currency.

They can try, but I don't see why people would adopt it.

Reason #1

Because it's fricking Amazon.

So people will buy into amazon's currency so they can spend it on Amazon? Might as well just vouchers. And any company can create their own money, but it wont be cryptocurrency.

If they did would it be 100% pre-mined?
hero member
Activity: 840
Merit: 509
More likely that Amazon will come out with its own currency.

They can try, but I don't see why people would adopt it.

Reason #1

Because it's fricking Amazon.

So people will buy into amazon's currency so they can spend it on Amazon? Might as well just vouchers. And any company can create their own money, but it wont be cryptocurrency.
copper member
Activity: 1498
Merit: 1528
No I dont escrow anymore.
More likely that Amazon will come out with its own currency.

They can try, but I don't see why people would adopt it.

Reason #1

Because it's fricking Amazon.

Reason #0
They allready have their own currency http://www.amazon.com/gp/feature.html?docId=1001166401
Thats also the reason why I think they will never accept bitcoin.
newbie
Activity: 42
Merit: 0
More likely that Amazon will come out with its own currency.

They can try, but I don't see why people would adopt it.

Reason #1

Because it's fricking Amazon.
hero member
Activity: 840
Merit: 509
More likely that Amazon will come out with its own currency.

They can try, but I don't see why people would adopt it.
newbie
Activity: 2
Merit: 0
More likely that Amazon will come out with its own currency.
hero member
Activity: 840
Merit: 509
the acceptance might come, but first, BTC has to stabilise itself and I dont see this coming in the near future. Right now, it is more of an amazing volitile digital commodity with some payment options.

Depends how you define 'near future'. I reckon it will stabilise eventually, but it will take time.
full member
Activity: 227
Merit: 125
the acceptance might come, but first, BTC has to stabilise itself and I dont see this coming in the near future. Right now, it is more of an amazing volitile digital commodity with some payment options.
newbie
Activity: 28
Merit: 0
@Cgriswold Actually that isn't possible to pay something with Bitcoin on Amazon however you can still found some independent seller.
global moderator
Activity: 4018
Merit: 2728
Join the world-leading crypto sportsbook NOW!
Amazon may accept BTC in the future, but it wont be for a while yet. I think if the currency gains more mainstream traction with other merchants getting on board, then I think Amazon will too, but they wont be the first big retailer to adopt it.


i agree with that too, but then again i/we could be wrong. jeff bezos is a libertarian after all.

Is he? He seems just like another greedy tax-avoiding capitalist to me.
newbie
Activity: 56
Merit: 0
It's hard to say something like this,maybe it will happen or not at all.I suppose it won't be any soon.
full member
Activity: 173
Merit: 100
Not anytime soon, Bitcoin has to adopt more + make buying Bitcoins much easier
sr. member
Activity: 434
Merit: 250
i agree with that too, but then again i/we could be wrong. jeff bezos is a libertarian after all. but it would need to make sense for them to do it as a company first.
hero member
Activity: 602
Merit: 500
R.I.P Silk Road 1.0
IMO, Amazon will never accept Bitcoin because it's too shady of a currency and the value changes too much. Amazon sells too many items at too various of prices and they have too many sales for it to be worth adding.

The only reason Amazon would add BTC is if everyone with plastic currencies dropped dead.

Hate to say it, but it's true. I agree 100%.
newbie
Activity: 56
Merit: 0
IMO, Amazon will never accept Bitcoin because it's too shady of a currency and the value changes too much. Amazon sells too many items at too various of prices and they have too many sales for it to be worth adding.

The only reason Amazon would add BTC is if everyone with plastic currencies dropped dead.
newbie
Activity: 42
Merit: 0
Some further info on acceptance; take a look at this article from Bloomberg Businessweek; http://www.businessweek.com/articles/2013-12-27/does-it-make-any-sense-for-overstock-dot-com-to-accept-bitcoin  The CEO of Overstock.com says by mid 2014 they will accept Bitcoin.  This was also listed by NY Times http://bits.blogs.nytimes.com/2013/12/26/overstock-to-embrace-bitcoin-giving-the-currency-a-lift/?_r=0   Black Monday for 2014 online purchases will most likely have many merchants accepting bitcoin, and if this occurs, how much will this drive up the value of the Bitcoin?  Is $2,000 likely if this happens? 

If Overstock pushes other big online retailers into accepting BTC as well, I could see it.

Then again it won't need much help as I think it'll be well over $1200 by next winter.
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