Quote from: mjglqw on March 08, 2018, 01:25:41 PM

Quote from: cryptolake on March 08, 2018, 01:09:18 PM

Guys! BUY BTC FROM MTGOX. I don't mean literally all BTC in the world. Please read the post properly.

Same thing. Why would they buy it? An unstable asset? How will buying bitcoin benefit them? and how is Amazon purchasing bitcoin related to them accepting bitcoin? It doesn't make sense. Not because they can afford it it doesn't mean that they should.

It makes perfect sense, actually.

Amazon could buy the MtGox stack from an US gov auction, so everything is under legal terms. Once the OTC purchase is done, Amazon announces to the world that they are now going to accept Bitcoin. These news would for sure make the price go x10 minimum. Since Amazon bought a big 100k+ BTC stack OTC, their stash would be worth well over a $billion when they announce it, more long term.

That is what I would do if I was Jeff Bezos, but Bezos is too much of a stuck up cunt to aknowledge the importance of having a big stake on Bitcoin so I doubt he will bother. He will realize the mistake of not bothering years from now.