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AdoptionAmazon Petition to Accept Litecoin and Bitcoin Now Has Over 10,000 Signatures (moneymorning.com)

submitted by newrole8123

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[–][deleted] 168 points169 points  (30 children)

Now just get another 990,000 and they might glance at it for a moment before deciding "nahhh."

[–]7hr0w7h475h17 6 points7 points  (28 children)

+10 iota /u/iotaTipBot

[–]toastthebreadTin 30 points31 points  (11 children)

I like Iota, but tipping people worthless amounts of it isn't going to get anyone interested. It just sort of spams up threads.

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    [–]cruzaeRedditor for 10 months. 20 points21 points  (13 children)

    whats the point of tipping $0.000005? it's like a joke and I think this shows some kind of disrespect.

    [–]63db346dSilver | QC: CC 128 | IOTA 49 29 points30 points  (7 children)

    I had the same thoughts back then in 2010 when 1-2 bitcoins were given for free, just sayin...

    [–]chochochan14596 karma | CC: 83 karma BTC: 556 karma ETH: 346 karma 8 points9 points  (3 children)

    Did people actually used to do that... my god what a wonderland to live in those times...

    [–]bitmeme 8 points9 points  (2 children)

    Yes there were bitcoin faucets that would give out 5 btc, but it was less than a nickel in value

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      [–]scoops22Tin 8 points9 points  (2 children)

      Smh people used to do this all over Reddit with Bitcoin before Reddit gold even existed. It shows off the currency's ability to do microtransactions and it's kind of fun too.

      It used to be the /r/finance guys making comments like yours towards Bitcoin now it's people within our own community doing it towards IOTA

      From 2013:
      https://i.imgur.com/gd87MTb.png
      https://i.imgur.com/8AwuooI.png

      [–]cruzaeRedditor for 10 months. 2 points3 points  (1 child)

      Dont get me wrong. It was not a bad intention. And I also like IOTA.

      I just think tipping extreme low amounts show some king of disrespect. If someone wants to tip then tip at least an amount worth $1 or even a few cents. Tipping $0.000005 is just a joke because today its worth is nothing. Ok, could grow (but still would need a MASSIVE growth that $0.000005 would be worth a reasonable amount of money).

      When someone spents BTC while shopping ... does he pay only 0,01% of the sum because BTC could go to 1 MIO? No.. Also you never know if IOTA will success or not.

      IOTA is made for micro transactions. If 10 IOTA are worth >1$ (lets take $1 as a reasonable amount) then micro payments arent possbile anymore because one IOTA would be $0,1.

      [–]iotaTipBotRedditor for 3 months. 3 points4 points  (0 children)

      You have successfully tipped Elm-tree-time 10 iota($0.000005).

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      [–]bitmeme 0 points1 point  (0 children)

      At least tip a useful amount

      [–]Expecto835 295 points296 points  (129 children)

      Realistically, if Amazon enabled payments with Bitcoin or Litecoin, who is going spend them on everyday items? The hype of Amazon enabling payments in crypto should boost their value, which is then a disincentive to spend them.

      [–][deleted] 18 points19 points  (6 children)

      You've hit the nail on the head for one of Bitcoin's and crypto's problems as a currency. They increase in value so rapidly that anyone would be stupid to spend them today when they can be worth way more in the future by hoarding them. Kind of a good problem to have though I guess.

      [–]onlyHereForBikesredditor for 2 months 10 points11 points  (2 children)

      On the flip side, if I bought Bitcoin at $100usd at its current value I'd be much happier realizing gains by using it to make smaller day to day purchases on Amazon than cashing out large chunks of it at a time.

      [–]thbt101Platinum | QC: BTC 116, CC 60, ETH 16 | r/PersonalFinance 121 10 points11 points  (12 children)

      People spend bitcoins on Overstock, and they'll do the same on Amazon. There are a number of reasons people want to spend bitcoins.

      [–]WorpeX 15 points16 points  (7 children)

      Its mostly to avoid taxes

      [–]bitcointothemoon_ 10 points11 points  (1 child)

      Obligatory reminder that these transactions are taxable events if the user has capital gains, which is a huge disincentive to buying things with BTC for a lot of people.

      There is a bill proposing that transactions under $600 be tax free, but it hasn't passed (yet?). https://www.cryptocoinsnews.com/u-s-bill-would-ease-bitcoin-tax-regulations-for-small-transactions/

      [–][deleted] 7 points8 points  (0 children)

      Which is a huge benefit.

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          [–]fiatpetePlatinum | QC: CC 62, XMR 39 | XVG 8 7 points8 points  (6 children)

          ignoring smart contracts and the like, if people don't spend their crypto what's the point of them.

          [–]locknicCrypto Nerd | CC: 17 QC 1 point2 points  (1 child)

          gotta use it somehow

          +1 miota /u/iotaTipBot

          [–]rackham15 1 point2 points  (0 children)

          Getting around currency controls and centralized government in general.

          [–]tfburns 1 point2 points  (0 children)

          Financial speculation and greed.

          [–][deleted] 0 points1 point  (0 children)

          That's why a lot of people still think it's a bubble.. Which most of these things are actually. You need to look at the blockchain technology itself and it's real world applications. Spending the currency like you do with your $$ isn't really the main point IMO. People will launder money, buy shit because they can, try and avoid paying taxes, invest and speculate wildly.. But all of that is shorter term stuff. The real long term winners are things that will disrupt entire industries like banking, gambling, healthcare, etc.. Where blockchain tech replaces the current systems..

          [–]JayWalkerC 2 points3 points  (1 child)

          Why would that be a disincentive? You can suddenly buy more stuff with the same amount of currency you already had.

          [–]ZoudenPlatinum | QC: CC 151 | r/Android 36 2 points3 points  (0 children)

          But if you don't spend it, you'll have even more. It encourages hoarding rather than spending.

          [–]rotoscopethebumhole0 / 0 🦠 1 point2 points  (0 children)

          People who have more money in bitcoin than they do in fiat, and they need to buy something from Amazon.

          [–]neomatrix248Crypto Expert | QC: CC 24 0 points1 point  (0 children)

          The idea is that if all of your discretionary income is in Bitcoin, you have to either spend it or buy nothing. But you're right, until Bitcoin or crypto builds enough confidence for people to convert all of their extra cash into it, people will be disincentivized to spend it.

          [–]Sublime-SilenceCC: 1939 karma 0 points1 point  (0 children)

          I'd probably spend some litecoin here and there. I mined it back before asics was a thing after bitcoin became unminable due to asics. These days I just buy pc parts of newegg with them whenever I fancy an upgrade. It would be nice to have other options.

          [–]bobleplask 0 points1 point  (0 children)

          Spend bitcoins, and buy the dip.

          [–]whiskeyandbear 0 points1 point  (0 children)

          Crypto currencies are deflationary by nature so there's always a discentive to spend them anyway. Looking past that, the affect it has on the market value of the coin should be irrelevant. It's a currency trying to be made a standard, and only until then will it become less volatile so that people consider spending it, but until then the way it is going to become popular is by giving people the actual access to use them for different things. I know you're just making a small (and truthful) comment, but in the long run the price it costs in fiat currency should become irrelevant, one has to look past all these conundrums that pop up.

          [–]AkumaBengoshiNew to Crypto 0 points1 point  (0 children)

          Me. There's really no point to crypto currency unless it gets spent. That's what makes it currency as opposed to a commodity.

          [–]thunderatwork 0 points1 point  (0 children)

          Late to the party but: lots of newly rich people who wouldn't mind cashing out a tiny bit. They'd rather spend it on amazon then deal with selling and sending to their bank account.

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            [–]vincethepince0 / 0 🦠 49 points50 points  (9 children)

            I get 5% statement credit from using my Prime credit card. I have no incentive to spend my LTC or BTC at Amazon.

            [–][deleted] 12 points13 points  (0 children)

            But others will, I have no intentions to spend it there either but a lot of people will and that's good for any currency. A lot of people are whales and they're in the spending phase.

            [–]Bjandthekatz 2 points3 points  (0 children)

            I mine, along with my roommates and a few friends. If we ever spot anyone money, btc is usually the repayment form since we all have it lying around. I don’t regularly shop at Newegg, but it’s great to them because they accept bitcoin. I’m sure they would instantly jump ship to amazon if they started accepting crypto.

            [–]DavisFinanceTin 4 points5 points  (4 children)

            90% of my income is currently paid to me in BTC. I currently have to buy Amazon gift cards from people for BTC if I want to buy something on Amazon.

            I have incentive to spend my LTC and BTC at Amazon.

            See how that works.

            [–]vincethepince0 / 0 🦠 11 points12 points  (1 child)

            90% of my income is currently paid to me in BTC.

            You are the .00001%. There is little profit to be gained by Amazon from accepting crypto.

            [–]individual0 1 point2 points  (1 child)

            Who do you work for?

            [–][deleted] 0 points1 point  (1 child)

            That's really the hurdle.

            People who are good with money use credit card incentives and pay them all off every month.

            People who are bad with money use credit, which cryptos are not useful for.

            It will take instability in a major currency or businesses creating incentives to use them to make cryptos viable.

            [–]Justsomedudeonthenet 3 points4 points  (0 children)

            But people who used to be bad with money, and are now good with it can't get those good credit cards, and don't want to use credit.

            I spend some of my Bitcoin because I want to see the tech advance, and because its easy to send a payment without any third parties involved. And no credit required.

            [–]chockablockchainCrypto Nerd 13 points14 points  (0 children)

            ...10000 is fuck all

            [–]nojokeforyouBronze 10 points11 points  (0 children)

            Here's the link if you don't want to read the article.

            https://www.change.org/p/jeff-bezos-amazon-com-should-accept-bitcoin-and-litecoin-cryptocurrency-as-payment-methods-asap

            [–]splendidtreeInvestor 33 points34 points  (8 children)

            Is 10,000 really a lot to Amazon though? I mean with how many customers they have if 10k people wanted to pay in Wampum does that mean they'll do it? Still exciting.

            +100 iota /u/iotaTipBot

            [–]tumpdrump 20 points21 points  (1 child)

            Amazon doesn't even accept paypal, which has a ton more users, doubt they care much about this.

            [–]ric2b1K / 1K 🐢 4 points5 points  (3 children)

            Damn, that's a shitty tip, not even a tenth of a cent. Why even bother, just to make a point about the 0 fees?

            [–]splendidtreeInvestor 13 points14 points  (2 children)

            +1 iota /u/iotaTipBot

            [–]iotaTipBotRedditor for 3 months. 4 points5 points  (0 children)

            You have successfully tipped ric2b 1 iota($0.000001).

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              [–]TechGentry 2 points3 points  (0 children)

              10k is a drop in the bucket in the grand scheme of things

              [–]iotaTipBotRedditor for 3 months. 1 point2 points  (0 children)

              You have successfully tipped newrole8123 100 iota($0.000054).

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              [–]Dzas7rLow Crypto Activity 4 points5 points  (0 children)

              Amazon's structure is reinvestment. A good chunk of profit goes back into their company. If nobody else that complements their model accepts the coin, they have no business bothering with it. Crypto has to become more mainstream before that happens. One step at a time bois.

              [–]McNastiGold | QC: CC 50 | r/NBA 530 2 points3 points  (2 children)

              would much prefer the option to pay via paypal

              [–]ZoudenPlatinum | QC: CC 151 | r/Android 36 0 points1 point  (1 child)

              It's very telling that PayPal, a service nearly everyone hates, is still a better option than crypto.

              [–]McNastiGold | QC: CC 50 | r/NBA 530 4 points5 points  (0 children)

              to me there are two main problems with paying with crypto:

              1. Volatility: Lets say I earn 10 euro an hour and going out for dinner costs me 20 EUR/0.05 NEO. I will always pay in EUR just because I know I worked two hours to earn that. If I pay on Neo i can never be to sure how much that is actually worth at the moment. Could be that Neo is soaring and I only spend on hour of work on my meal or it is shitting the bed and I just spend a full 8 hour day of work on ome meal. Sure, the analogy is not the best and the calculations are very simplified but I hope that point comes across.

              2. Convenience I already have EUR. Even if my Dinner is charged in Dollar, i can just pay with my EUR debit or credit card and my bank will take care of the rest for me. This might be highly unpopular here but it is the reality. To pay in NEO, i would have to go to my online banking account, transfer EUR to Coimbase, eait 5 to 7 days, exchange my EUR to BTC, send my BTC to Bittrex, wait two hours and buy NEO with my BTC. Now i have waited 7 Days and spend aboit 20 bucks/0.05 NEO in fees for my meal that was initially 20 EUr / 0.05 NEO to begin with.

              Also here I realized that in reality I would probably have my Euro exchanged to Neo way before going to the restaurant and probably also more NEO than I needed for the meal because I also wanted to buy an Ipad or some shit so the fees get relative. But still, it is way to inconvinient for the layman (just think about your mom and your pops going througg all day for a bacon sandwich, fries, a soda and some desert)

              Until these things are figured out better, Crypto can have revolutionary tech, can be anon and cooler that FIAT, adoption will fail. Easy as that.

              [–][deleted] 2 points3 points  (0 children)

              pfftt i would never use crypto in daily life so rest of the world too.

              [–]treycartier91 2 points3 points  (0 children)

              So about 0.000125% of their 80 million of the core customer base. Assuming all the signers are current prime members.

              Really not that impressive of a petition. If anything it shows how little interest their customers have in the currency.

              [–]falconzfan4ever 2 points3 points  (0 children)

              Companies don't like accepting payment that fluctuates a lot. Imagine if exchange rates were as volatile as crypto

              [–]ogkrackredditor for a day 2 points3 points  (0 children)

              They will never do it. Between their affiliate program and return policy, there is too much opportunity for fraud.

              [–]PumpkinFeetSilver 5 points6 points  (5 children)

              This is dumb and I hope they don't add it. All that will happen is they will remove support a few months later.

              Lightning network needs to be pretty well established before it makes any sense. There is no way I'm paying $1+ fees to buy a book

              [–]dragespirCrypto Connoisseur 3 points4 points  (4 children)

              That's if you're transacting with bitcoin. Ethereum is minutes confirmation at single-digit cents.

              [–]PumpkinFeetSilver 1 point2 points  (0 children)

              Yeah that's true. But at this point any merchant adding crypto support will just use bitpay which doesn't support alts. We need to wait for a major competitor to bitpay to arise.

              Bitcoin cash would work well as well!

              [–]pat__boyCrypto Expert | QC: BTC 89, BCH critic 1 point2 points  (1 child)

              Dogecoin have minute transaction and no fee .. Omg we must use it

              [–]senzheng 0 points1 point  (0 children)

              Steem is 1.5 second latency with fee of 0. Bitshares 1.5 sec with single digit cents too. Both have trustless USD stable currency so they could accept that directly. And not centralized like ethereum us.

              [–]Sp3cialbrownieCrypto God | CC: 23 QC 6 points7 points  (0 children)

              Signed

              [–]gemeinsamCC: 1833 karma BTC: 936 karma 4 points5 points  (8 children)

              I have made a ton of profits in BTC but cant cash out because I would need to pay taxes. I want to avoid paying taxes and amazon accepting BTC would be a way out for me. I would be able to spend the money without paying taxes. I would buy a huge ton of amazon gift cards. Some parts of which I will sell on craigslist for 95% of the original price. other parts I will keep to use on amazon purchases in the future.

              [–]EasyforkRedditor for 5 months. 8 points9 points  (7 children)

              You had be on board until the words "gift cards". What you're describing is money laundering. Cryptocurrencies shouldn't be so often associated with illegal activities. Think twice before you commit a felony.

              [–]NyveonTrader 2 points3 points  (5 children)

              Tax evasion and money laundering are two different things.

              [–]EasyforkRedditor for 5 months. 2 points3 points  (1 child)

              You are right - it is tax evasion. My point stands, that it is a felony.

              [–]NyveonTrader 1 point2 points  (0 children)

              Yup.

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                [–]gemeinsamCC: 1833 karma BTC: 936 karma 0 points1 point  (0 children)

                I dont know about money laundering but I am just somebody who tries to make money. The goverment wants 35% of my money. I could pay them or I could just keep my money to myself. We are all looking for ways to make as much money as possible. None the less I will be paying taxes on my profits, when I buy stuff I will pay sales tax and some of the money I will use to pay off my realestate tax.

                [–]DanDardenPlatinum | QC: IOTA 118, BTC 66 4 points5 points  (1 child)

                Ooh. Pave the way for feeless transactions :) +200000 iota /u/iotatipbot

                [–]iotaTipBotRedditor for 3 months. 1 point2 points  (0 children)

                You have successfully tipped newrole8123 200000 iota($0.110469).

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                [–]asif069Between 4 - 12 months age. Formerly assigned new account flair. 1 point2 points  (0 children)

                Amazon has no real motivation yet, 10k is nothing compared to how many people already shop there.

                You can already spend BTC on amazon crap through Purse.io anyway. They even let you take 1-15% off, depending how fast you want your order picked up.

                [–]nvillafashionista1 - 2 year account age. 100 - 200 comment karma. 1 point2 points  (1 child)

                The company I work with started accepting Bitcoin, Litecoin and Dogecoin this month. And it’s a multimillion dollar company! Why can’t amazon do it. Here’s their site if you’d like to check them out www.EndlessNightsFashion.com

                [–]virgojeepBronze | QC: DOGE 15 | Superstonk 235 0 points1 point  (0 children)

                That's the only three that I would support amazon accepting.

                [–]Kitsunes 1 point2 points  (0 children)

                10,000 whole signatures?

                [–][deleted] 1 point2 points  (0 children)

                where do i sign?

                [–]Red__Rain77 1 point2 points  (0 children)

                They should add PayPal support if anything.

                [–]prodigy2throw 1 point2 points  (0 children)

                Question: when has a petition ever worked?

                [–]buyBitc0inRedditor for 6 months. 1 point2 points  (0 children)

                I like that Charlie Lee guy!

                [–]nitelight7 1 point2 points  (1 child)

                +1000000 iota /u/iotaTipBot

                [–]iotaTipBotRedditor for 3 months. 0 points1 point  (0 children)

                You have successfully tipped newrole8123 1000000 iota($0.537603).

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                [–]Mastastriker 4 points5 points  (1 child)

                +10000 iota /u/iotaTipBot

                [–]iotaTipBotRedditor for 3 months. 1 point2 points  (0 children)

                You have successfully tipped newrole8123 10000 iota($0.005486).

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                [–]ArXs89redditor for 2 months 3 points4 points  (8 children)

                +10 iota /u/iotaTipBot

                [–]run_the_trailsSilver | QC: ETH 59, BAT 46, CC 35 | Buttcoin 78 | Google 20 7 points8 points  (4 children)

                What the fuck is this spam?

                [–]locknicCrypto Nerd | CC: 17 QC 2 points3 points  (1 child)

                It's getting kinda ridiculous.

                +1 miota /u/iotaTipBot

                [–]iotaTipBotRedditor for 3 months. 1 point2 points  (0 children)

                You have successfully tipped run_the_trails 1000000 iota($0.557028).

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                [–]EasyforkRedditor for 5 months. 0 points1 point  (0 children)

                Hey, big spender. 2,000 of those and you've tipped 1 cent.

                load more comments (2 replies)

                  [–]RajuTMEthereum fan 0 points1 point  (3 children)

                  Just because you sign doesn't mean Amazon will accept Bitcoin or Litecon smh

                  [–]cryptee77Bronze | QC: CC 15 2 points3 points  (1 child)

                  Yes but if a million people sign, it shows there is demand to pay in crypto. And Amazon is trying to get paid.

                  [–]DTDstarcraft0 / 1K 🦠 -1 points0 points  (0 children)

                  And how many of those million sign just to see the price goes up? If amazon sees a money to get more sales by accepting crypto im sure they're working on it.

                  A lot of these polls are completely useless

                  load more comments (1 reply)

                    [–]CashPashCollector 0 points1 point  (0 children)

                    Couldn't you just use BitPay to pay on amazon?

                    [–]redditouille999 0 points1 point  (0 children)

                    Amazon is going to wait for this next dip.

                    [–]dinono33Silver | QC: BTC 54, CC 20, XMR 18 | TraderSubs 30 0 points1 point  (0 children)

                    Where can I sign?

                    [–]thbt101Platinum | QC: BTC 116, CC 60, ETH 16 | r/PersonalFinance 121 0 points1 point  (0 children)

                    That MoneyMorning website has a lot of super sketchy stuff on it. I really wouldn't recommend linking to that. The link should have just been a direct link to the petition and not some spammy blog!

                    [–][deleted] 0 points1 point  (0 children)

                    "we want real money" -Amazon, probably

                    [–]ooohhnoooredditor for 7 days 0 points1 point  (0 children)

                    Could I buy a weapon easily with Bitcoins as it is described in this article? Is this possible in USA? http://pkcoin.co/blog/en/weapon-bitcoin-cody-wilson/

                    [–]Lichtnestein 0 points1 point  (2 children)

                    You can already do it quite easily. All you need is to buy a gift card. I used bitpanda, but there are others. I think it is more than ok to buy something for your hard earned crypto:)

                    [–]stOneskull 0 points1 point  (1 child)

                    It seems easier to just use fiat money.

                    If I had no fiat money and was dying for a scotch, it might be handy sometimes in a real store.

                    [–]Lichtnestein 0 points1 point  (0 children)

                    Yeah it is easier, but if you wanted to buy something with crypto it is one of the best ways I found. The process of buying a gift card is very easy, almost anonymous and gives you a gateway to Amazon

                    [–]erik__Analyst 0 points1 point  (0 children)

                    I doubt it would be worth it for them unless crypto becomes more popular and accepted.

                    [–]Napoleon_Bonafart 0 points1 point  (0 children)

                    Why would retailers accept an asset which has a, relatively speaking, volatile value. Genuinely curious, and maybe totally wrong about my preconceptions.

                    [–]ghost012Bronze 0 points1 point  (0 children)

                    It wont happen any time soon.

                    [–][deleted] 0 points1 point  (0 children)

                    It is great for the sake of adoption, but the currency is increasing in value to buy anything with.

                    [–][deleted] 0 points1 point  (0 children)

                    Why are we trying to help Amazon make more money?

                    [–]goldpieces 0 points1 point  (0 children)

                    Great news, I was happy to see that Namecheap.com accepts Bitcoin payments, BitPay makes it easy for these retailers to integrate for sure.

                    [–]kanamist 0 points1 point  (0 children)

                    1337 upvotes!

                    [–]patrick2point2 0 points1 point  (0 children)

                    Only 1 crypto currency should be acknowledged.

                    [–]CryptoThrowAway3411redditor for 12 days 0 points1 point  (0 children)

                    Doubt this will happen in the next year or so.

                    [–]hardworkingfamilymanredditor for 3 months 0 points1 point  (0 children)

                    I see a lot of speculation here but not much substance.

                    To be honest, if you are looking at a "real world use" payment system then the best placed investment in that space is MTL. Much more likely to be used by the big players.

                    The Metalpay phenomenon is on its way and you won't get any warning before it hits!

                    [–]PITIS-shillerRedditor for 28 days. 0 points1 point  (0 children)

                    Value of crypto is incresing everyday

                    [–][deleted] 0 points1 point  (0 children)

                    Where do I sign?

                    [–]RiAllenRedditor for 1 month. 0 points1 point  (3 children)

                    Any idea how this would work without the risks associated with Zero-conf transactions? At present it takes on average ten minutes (often more) to get a Bitcoin transaction verified.

                    [–]fiatpetePlatinum | QC: CC 62, XMR 39 | XVG 8 0 points1 point  (2 children)

                    yeah but most amazon purchases take more than ten minutes to ship.

                    [–]RiAllenRedditor for 1 month. 0 points1 point  (1 child)

                    True, but it would seem odd to have certain payment options for a bicycle but others for Kindle Store items for example. The 10 minute average is just an average as well - it can take much longer. Not sure how this fits in with same day shipping / express delivery. Interesting times for sure!

                    [–]fiatpetePlatinum | QC: CC 62, XMR 39 | XVG 8 1 point2 points  (0 children)

                    The block time looks pretty consistent https://bitinfocharts.com/comparison/bitcoin-confirmationtime.html that's what the difficulty changes are for. Anyway they could still give the customer the kindle item as soon as the transaction is in the mem pool. The fraud risk should be lower than credit card charge backs.

                    [–]haromast3r> 3 months account age. < 25 comment karma. 0 points1 point  (0 children)

                    If this happens, its a major step up for cryptocurrency.

                    [–]dinono33Silver | QC: BTC 54, CC 20, XMR 18 | TraderSubs 30 0 points1 point  (0 children)

                    Signed! Doesn't do any harm!

                    [–][deleted] 0 points1 point  (0 children)

                    Hell... I'd be happy if it accepted PayPal.

                    [–]cudenlynxBronze 0 points1 point  (0 children)

                    Petition link.

                    [–]nitelight7 0 points1 point  (1 child)

                    wait that was a weak tip, let me try again with an extra zero. +10000000 iota /u/iotaTipBot

                    [–]iotaTipBotRedditor for 3 months. 0 points1 point  (0 children)

                    You have successfully tipped newrole8123 10000000 iota($5.376030).

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                    [–]sexystickCrypto God | QC: PART 137, BTC 38, CC 18, BUTT 27 0 points1 point  (0 children)

                    Why would anyone want amazon's tracking/ad/recommendations AI associated with their BTC and LTC addresses and identities?

                    [–]iamryanokeefe4 - 5 years account age. 250 - 500 comment karma. 0 points1 point  (0 children)

                    signed

                    [–]zekemurdock 0 points1 point  (0 children)

                    I don't think people would be spending their BTC or LTC on everyday items sold on Amazon. It's a cool idea but not something that I feel would be extremely useful or used on a large scale.

                    [–]spring46rising 0 points1 point  (0 children)

                    If I can buy stuff on amazon, hell, Ill never need to cash out

                    [–]MasterMined710Gold | QC: Dashpay 78, CC 29 0 points1 point  (0 children)

                    Add Dash to that and you have my vote, you have my vote regardless but if you add Dash you could have a lot more. Dash may jump ahead of everyone and offer amazon millions to add them.

                    [–]DorkWitAFork 0 points1 point  (0 children)

                    It took 4 months for it to reach 10k signatures. I don't really consider that a huge gain in traction.

                    [–]samurai_scrub 0 points1 point  (0 children)

                    !remindme 10 days rlczen 1mB

                    [–]AllegroDigitalBronze | QC: MarketSubs 4 0 points1 point  (0 children)

                    It feels like Amazon could make this work, if they essentially acted as an exchange the same way a place like Coinbase does.

                    • Allow users to "fill their account" with bitcoin.
                    • This goes into a giant wallet the same as an exchange uses
                    • The data base tracks each user's portion, the same as an exchange does
                    • Buying a good would instantly transfer the portion of bitcoin out of a user's account, the same as when you buy a bitcoin or sell it on an exchange, it's instantaneous. Fees could also be significantly reduced per transaction.

                    This way the transactions clog the Cloud, but not the bitcoin network, and it would be able to handle volume quickly. Now that Bitcoin is popular... if a place like Amazon did this... would make the coin very usable.

                    [–][deleted] 0 points1 point  (0 children)

                    They are making their own

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