Amazon would never accept bitcoin or any other crypto. The price is too volatile.
>bought a computer on amazon for .5btc >btc moons >"return computer" for .5btc >except .5 btc is worth double since the moment you paid for the computer >amazon loses.
Connor Fisher
Take a look Veeky Forums, this is the absolute state of nocoiner intelligence. Remember this next time they mention tulipmania or bitcoin is a bubble.
Mason Hernandez
You're absolutely right.. ecommerce will never accept any currency with +/- 5% price volatility - that's just way too risk. Plus, all these ecommerce platforms and vendors in general tend to purcahse inventory on credit, and accepting a highly volatile currency as a form of payment and then having to convert back to the preferred currency of the creditor, etc. is a fucking pain in the ass
Oh, and buy $ptoy
Christopher Anderson
>amazon holds for more than a year because they dont have butterfingers like op >profit
Gavin Gray
fuck off, he's right and you know it
Samuel Sanders
my crypto portfolio is over 1.2 million you stupid nigger. kys faggot.
Lincoln Miller
Yeah sugar buy PTOY ain't no harm in dat!
Owen Powell
Yeah, because that's how high volume, low margin businesses work...
Jaxson Long
OverStock seems to have it figured out.
Aiden Wright
They will just pay your return in the fiat price at the time of purchase
Xavier Rodriguez
or thay make a deal with cuckbase or smth to instantly convert btc to $ when you buy something
Ryan Thompson
>can't imagine a system in which Bitcoin refunds would be made in Amazon credit for the fiat price at time of purchase just the same way that if you buy something on sale and return it when it's not on sale you don't earn money. >limited intellectual ability thus makes it impossible to conceive of idea >idea must therefore be impossible.
PERFECT logic
Sebastian Robinson
haha wow - how do you even find this shit? also, ptoy bags are HEAVY with me (relatively heavy - nothing too crazy, but I'm down ~$20k at moment)... and I am fucked. Only good news is (a) they SOMEHOW get Series A, or (b) they hire a non-favor fucking real developer instead of some dbag shitty 1-time successful wanna-bes that Chrissa just hires (imho) because they are black.
Aaron Bennett
This right here. Veeky Forums is just too fucking stupid to realize every merchant converts bitcoin to fiat immediately after the sale.
Joseph Roberts
Still thinking in fiat huh?
Jaxson Brooks
Isn't it more expensive / slow to have to convert btc to fiat than to just not take btc at all? their market won't expand that much by accepting btc.... if anything, they'll face increased compliance pressure from Feds for money laundering, etc. given the spotlight on cryptos + money laundering (yes - i know fiat is #1 money laundered currency and banks facilitate this... duh - see HSBC).. also, neckbeards buying life-sized fuck dolls and alien-themed fleshlights won't drive Amazon's profits that much...
Mason Brooks
screenshot it then
Andrew Green
Man, nevermind the 'team' situation. Expecting the medical field to adopt any kind of crypto service on their Windows XP systems is kind of hopeless. This coin was doomed to fail from the start, sorry to say.
Chase Miller
you cant screenshot larps kek
Brody Anderson
>be whale with 80,000 BTC >crash BTC >buy a shitload of stuff on Amazon for pennies >Buy up a ton of BTC cheap and watch it bounce back up >repeat
Ryder Cook
converting bitcoin to fiat requires a buyer you stupid nigger. Who is going to be Amazon's buyer if they accept bitcoin? fucking faggot.
The superficiality of your understanding of how businesses operate and balance books is shocking.
One of the most important benefits of a stable, government sponsored currency is that you can build commerce around it. You simply cannot build commerce around something that fluctuates +/- 5% by the minute and sometimes 30% in a day.
It's more complicated than "hurrr durr just pay back what it was worth in fiat DURRRR"
literally kys or give me your address and let me kill you because you do not deserve to live.
Parker Gonzalez
Never thought about it that way.. every fucking PM/EMR/EHR system i've seen is complete garbage anyway. Meaningful Use is LOLable.. big systems spend 9-figures getting MU-Compliant and nobody knows how to use the damn systems effectively
Cooper Brown
then explain how overstock does it
explain how darknet does it
explain how VAPES.COM does it
explain how bitpay does it
that's right OP you are bitGAY
Jace Kelly
lets fac ethe facts, do we really want amazon to have all our bitcoin anyways?
Jack Price
lol just look at those companies.. all complete SHIT.. Overstock is a fucking joke to begin with. Fuck them
Luke Hill
they don't need it now they'll display so other news but they're developing a way to implement it they'll use it once everyone is used to it
Oliver Bennett
>explain how companies 1/100000000 the size of amazon in revenue, structure, complexity, growth potential, market capitalization, or any measurable metric accept bitcoin when amazon won't
literally kys
Michael Garcia
>Crypto portfolio
Umm sweetie there's Bitcoin and there's scams. That's it.
William Turner
>overstock probably were betting on bitcoin appreciating, worked out for them. >darknet that should be obvious. black market is willing to risk some in volatility for the privacy benefit.
Until systems are in place (like OMG or EVX) that do instant fiat to crypto conversion, Amazon will have no interest in accepting crypto.
Not to mention Bitcoin fees are currently $3.50. LOL even if they accepted it it wouldn't be worth using BTC to buy, just use cash.
Justin Green
Newegg takes btc and had been for years, and they are a pretty big online retailer
Luis Bennett
Spending time arguing with a 12 year old....
Robert Lee
!>?!?!?!??????????????! is it me or this stupid logic
your purchase will be sold at fiat value at time of purchase
Cooper Rogers
do you know what bitpay is fucking faggot, instant selling the btc at the time of the purchase and the shop get only fiat, they could copy this concept
Jonathan Roberts
>everyone pretending they know how economics work >people who actually knew some economics were driven away from Veeky Forums long ago >if anyone in this thread has any money it was literally out of sheer luck gambling with 4000% volatility memecoins
Veeky Forums.jar
Elijah Campbell
/thread
Benjamin Kelly
We need a containment board for crypto idiots. I want my old Veeky Forums back.
Gabriel Torres
why so you can be even poorer and make even worse financial decisions?
at least with crypto you will be right sometimes by sheer chance of luck and make 10-20x your money. With stocks or any other kind of investment/business start up you will surely lose because you are too low IQ.
Owen Martin
That's some weak bait.
Landon Murphy
Anyone else listening to the amazon call?
Benjamin Howard
t. 18 years old crypto larper
Joseph Howard
I was just thinking this the other day walking to my chem lecture, I think if amazon did this, they would keep a completely separate crypto asset payment system so they wouldn't lose money from cashing out at the wrong time.
Wyatt Thomas
>You're absolutely right.. ecommerce will never accept any currency with +/- 5% price volatility
But they already too. for example you can book flights, hotels, even buy electrics with btc
Justin Long
it wouldnt work like that, tard
>buy computer for $1000 which is X btc and the moment, pay with btc > the btc is instantly sold in the market for $1000 > seller recieves $1000, not BTC
Brayden Jenkins
Anyway, if Amazon would accept bitcoin (as I hope it will do, but NOT TOMORROW) it would soon become the biggest whale in the ocean.
Aaron Harris
uh, then why would amazon accept bitcoin if it's to be instantly sold to fiat in the market? Why not, just, you know, ACCEPT FIAT ONLY.
Crypto is still peanuts compared to fiat. Most people don't even know what the fuck is it besides perhaps having heard the name "bitcoin" before. If amazon were to accept it, then instantly change to fiat upon receipt, they would gain nothing and simply be promoting crypto for NOTHING IN RETURN.
Your delusional magical thinking is the first of many reasons you're a forever poor wage cuck, I suspect. Literally kys you fucking idiot.
Jose Morales
another example of riskier usage
>buy item which costs $2000 with BTC >amazon keeps the BTC, pays the seller the $2000 >amazon sells the BTC one year later with profits
Asher Lopez
to allow a new paying method, which attracts customers. Many people owning btc which want to spend it without the hassle of turning to fiat first
keep the insults to yourself, you mad man
Landon Howard
ITT: people not realizing that OP is making a clever point by pretending to be an idiot.
The truth is, Amazon has no incentive to start accepting Bitcoin. There's not coiners to make it worth all the additional regulation and scrutiny. Plus, the fees and the crypto "baggage" (instability, volatility, memeing). And all of that just to get a 0.01% increase in customer base paying in coins they'll convert to fiat anyway. Makes no sense.
Isaiah Harris
Buy gold, not Bitcoin.
Carson Watson
>something unstable can never be stable
Cool logic bro. Great thread too A++
Ian Barnes
Im sure if you were to return something, you'd get the value you paid for it in bitcoin back rather than your the amuont of bitcoin you paid back.
Kayden Peterson
what kind of customer has bitcoin but not fiat or doesn't know how to convert it to fiat via jewbase or any other service?
Your tiny brain is still missing my point. THERE IS NO REASON TO ACCEPT BITCOIN.
Just because you think bitcoin is sweet doesn't mean amazon, one of the world's largest and MOST INFLUENTIAL COMPANIES, has to cater to your delusions.
I do not agree with all of Jamie Dimon's points but he is certainly correct about bitcoin's moon missions being fueled by greed. Crypto is completely fueled by greed, just look at this fucking board and every other crypto community. WHY would amazon start accepting something so incredibly unstable... would it increase it's profit margins? NO because the liability costs would certainly exceed whatever they are to gain by "all those people" who have tons of bitcoin but no fiat.
KYS, fucking idiot. Your low IQ is polluting this world.
Evan Reed
shh, OP gets mad at logic
Robert Torres
You are obviously retarded
Brandon Cook
doesnt matter what you think they can or cant do
if they see potential for profit, like charging some small fee for btc or holding the btc, they will do it.
now fucking chill. Stop snorting coke its ruining your brain
Austin Miller
Because tons of people want to put their paycheck right into bitcoin but don't do it because they need to buy shit.
Why? Because putting my money into bitcoin right as I get it hurts central bankers and because putting my money into bitcoin means my money is on a deflationary currency.
If Amazon was the only big company solving that issue it would get about 60% of these people spending.
Besides, gold also spiked in volatility after the US got rid of the gold standard, yet nobody doubts it was a great currency.
Oliver Torres
>you'd get the value you paid for it in bitcoin back
gateway for money laundering and other fraudulent shenanigans. no way they'd risk it, lmao.
Anthony Myers
How does Steam do it then? Steam has been taking BTC for ages now.
Adam Mitchell
Ok yeah, that's "logic"
Let's accept a wildly unpopular "currency" that less than 99% of the world's population knows about beyond hearing the word "bitcoin" on the news once, and that less than 99.999% of the world's population actually OWNS. Seems like a real fucking great idea, don't you think? Accepting a fake digital currency that less than 99.999% of the world's population owns?? We will surely make our investors VERY happy doing that, who cares about the incredible amount of infrastructure and man power it would take to implement such a service.
They don't see potential profit. You're a fucking dumbass. Just stop.
Christopher Russell
By holding Bitcoin presumably.
Austin Flores
>WAHHH WAHHH why doesn't amazon do something that benefits MEEE and other crypto investors?? They're SO STUPID for not catering to my wants and needs even though it wouldn't benefit them in the slightest WAHHHHHH
Steam is not amazon you dunce.
Alexander Green
we are not saying they will do it you fucking idiot
we are saying IF they do it, they will do it like i explained in my first post, and not like you said in your OP
now stfu already smartass
Asher Sanders
>implying any store allowing you to pay in cash and get a refund later is too risky
Easton Barnes
>It wouldn't benefit them
I just told you it would.
Becoming the sole provider of pretty much everyone involved with cryptocurrency.
Sebastian Howard
>Steam is not amazon you dunce. Yeah no shit, good job you noticed that. Steam can show that it could work at a large business. You'd also have to consider that not everyone is going to use bitcoin for purchases just like not everyone uses paypal etc.
Henry Richardson
No they pay 1.5% less on merchant fees when BTC is used
Cooper Perez
Gold is actually inherently worth something. You take away Bitcoin's supposed use as a currency and people won't care about it. It's completely confidence-backed so if decide it's not a currency, its value is gone.
Michael Watson
Sage
Luis Fisher
Gold is only inherently worth something in advanced economies. Gold in the middle of the dessert or in a hunter-gatherer economy is just a yellow piece of junk.
Bitcoin is inherently worth something in advanced economies too. One advanced enough to require deflationary haven for your savings.
Brayden Jones
>this is called, "moving the goalposts"
steam is peanuts compared to amazon, you dunce. If steam is a "large business" then amazon is the size of the milky way.
Samuel Cox
>2017 - Amazon
>2018 - Apple
>2020 - Fed announces USD now backed by Bitcoin reserves
>2030 - 90% of world cryptocurrency stored in mainframes at Fort Knox
Jackson Long
Absent its use as a currency, Bitcoin is worthless. Not the same with gold. That's a practical reality, if not a philosophical one.
If you think you're a revolutionary and you're going to convince everyone to adopt Bitcoin because it's a rational currency, fine. If not, dump that junk.
Gold doesn't have the problem where people need to be convinced of its worth. People already value it. That's the difference.
Oliver Brooks
>Amazon would get about 60% of these people spending
this demographic is just you and four other people though
Jace Miller
would go off of current fiat prices you brainlet.
Christopher Bailey
>steam is peanuts compared to amazon Nice one fucking completely missing my point. Man, if only I wasn't a dunce and as smart as you. Gee wee.
Mason White
Gold was useless to native Americans and Incas, I'm telling you, there's a situation where the economy advances so much that gold has its uses, there's nothing inherent about it.
Bitcoin has the same potential utility as a bank, are you telling me that banks offer no value?
You sound just like any random boomer desu
Just a 171 billion market, me and 4 others, we meet on Sundays to talk about fedoras.
Julian Cox
Because Amazon has to suck VISA's cock to the tune of ~2% on all their sales. If they can find a way to reliably handle crypto-fiat transactiosn for under 2% they'd love to cut into the margin.
Ayden Hughes
BTC will never be stable, it will never be a currency, how can e-commerce really embrace crypto if the possibility of losing money. $1 US is always $1US, BTC should be the same, the unit should be a fixed price.
Not going to happen, blockchain is peak hype and will fade into the through of disillusionment.
Kevin Lee
>BTC will never be stable It will be stable once enough money goes into it.
Landon Lopez
>$1 US is always $1US
These nocoiner brainlets are hilarious.
Ryan Lewis
>maybe it will be stable if we keep printing more!!
Hudson Martin
Not going to happen, it only got to $6000 through greed and manipulation, it's not natural and will never be, it will always be comparable to a stock, except not backed by any thing worth a damn.
It's a payment system, but humans inability to rationally use it will always keep crypto as speculative play toys.
Matthew Miller
no shit $1 is always $1, that's just x=x but the value of $1 is always decreasing slowly. 1 BTC = 1BTC but the value can change. But the value is determinable at the time of purchase and can be immediately exchanged for whatever more stable currency they want.
Julian Ortiz
Do you know what floating exchange rates are?
Isaac Jones
Tell me exactly what Gold is backed by?
If your answer is anything other than we agree it has value you can kill yourself.
Henry King
Gold iz expensiv becuz we put it in pretty bracelets.
Julian Gomez
kek, try buying a computer in 1910 and see how much purchasing power your paleo-dollar really has.
Daniel Reyes
can't miss something that wasn't there, faggot.
an amazon employee could just steal all of amazon's bitcoin and it'd be untraceable you stupid faggot
Levi Murphy
What's the fucking point of bitcoin then ? Why not buy in fiat directly retard
Ayden Williams
This. /thread
Jose Gomez
But he's right. The price is too volatile. And I say this as a BTC holder.
Otherwise provide a valid argument you stupid fuck.
Jackson Carter
you do realize you don't HAVE to buy 1 BTC, right? 0.1 BTC is $600, 0.001 BTC is $6. The reason why the price per coin is so high is because the coin supply is so fucking low.
Evan Martinez
>can't miss something that wasn't there Nice one, did you get that from your ex?
Sebastian Brown
The price of pnd shitcoins is volatile, Bitcoin is becoming less and less viable.
Besides, have you seen the pound value after brexit? That was a volatility Bitcoin has not seen in years
Elijah Hall
Why is it sooo hard for you guys to agree that this crypto is just a fucking big game to make money, Everybody knows it, I knew it when I went into it, I just went in for the money. Why do you guys have to lie to yourself thinking it will be used as a currency ? The best use case right now is a hedge against inflation. THAT'S IT. NOTHING, not ONE crypto project since 2009 has been used for anything. EVERYBODY KNOWS THIS IS VAPORWARE BUT WE DON'T CARE WE ARE IN FOR THE MONEYYY. Why don't you stop your hypocrisy Veeky Forums why
Jose Hall
>Nice one, did you get that from your ex? nice one, did you get that from the faggot store?
Christopher Sanders
Not true for ETH, everything else yeah you are right.
Jackson Flores
You can literally buy a fucking car with BTC in my country. When you are returning stuff you just get your money back with fiat at price what you bought it.
Julian Walker
Venezuela isn't a country, it's a shit hole. Fuck off fag
Austin Ross
Give me one 'Dapp' that solves anything in the current world. Hard mode: If it is a dapp to raise money for useless dapp it doesn't work. And decentralized casino isn't an answer either