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Yeah the utility would increase, but I think his point was that it wouldn't "explode". I think it's more accurate to say that Amazon accepting BTC would place

by zodiac 13y ago

Yeah the utility would increase, but I think his point was that it wouldn't "explode". I think it's more accurate to say that Amazon accepting BTC would place a minimum value on BTC, assuming Amazon didn't peg the price of items in BTC to the price some other currency, for example if they offered to sell the Nexus 7 for 0.5 BTC, then 1 BTC would be worth at least USD600.

ekianjo 13y ago
The reason why I said it would explode is because right now Bitcoin has virtually no utility on the market, apart from niche usage (HB, Namecheap...). As for the value of BTC, nothing would prevent Amazon to have a fixed price in USD and a floating/real-time adjusted price in BTC (that's what merchants using BTC do anyway currently).