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How much volume are they actually going to get though? I'm excited to see more outlets accepting bitcoin, but to this point it still feels more like a marketing
by james33 13y ago
How much volume are they actually going to get though? I'm excited to see more outlets accepting bitcoin, but to this point it still feels more like a marketing gimmick.
- kolev 13y agoThey are not accepting Bitcoin. Coinbase is selling your bitcoins and giving the dollars to them.
- james33 13y agoRight, which from the consumer perspective is accepting bitcoins. There's no need to be a smart ass.
- kolev 13y agoNot really. The price isn't in BTC.
- pantaril 13y agoBut they are accepting payments in bitcoins.
- kolev 13y agoYou don't get it, do you? One of the rules in e-commerce is to limit the path to the "submit order" button and remove any decisioning in the checkout process - otherwise you may lose the sale. Given Bitcoin rate greatly varies, if it Bitcoin is dropping, I won't buy as then I will have to spend more coins. If it's on the rise, I will wait more to spend less. In general, too much wondering to get the best deal. If price is in BTC and I own BTC, I buy when I need something without having to worry about it. Anyway, they don't accept Bitcoin as they: a) don't have a Bitcoin wallet; b) they don't have stable prices in BTC.
- james33 13y agoNot only are you a smart ass, but you are just flat out wrong. Nobody said anything about them having a BTC wallet. It was always clearly stated that they were using Coinbase. We are clearly stating that from a consumer perspective, they now accept bitcoin. Just look at their checkout page: Bitcoin Accepted Here. http://i.imgur.com/ALRdAAj.png http://i.imgur.com/ALRdAAj.png
- kolev 13y ago@james33 I very well know what they did and how they did it. My point was pretty clear though. Consumers don't use Bitcoin yet and won't - if any consumer is interested in Bitcoin, it's to make money by hoarding, not to spend it.