Ninjastic
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Re: Amazon accepting Bitcoin - What can go wrong?
by
0xBitcoins
on 18/10/2018, 12:28:47 UTC
Quote from: yvesp110 on October 15, 2018, 04:54:05 PM
Quote from: petermike on October 14, 2018, 08:23:15 AM
Quote from: chainedblocks on October 14, 2018, 07:44:16 AM
Quote from: nickwen on October 10, 2018, 02:39:50 PM
Amazon's plan is a good thing and we still have to look and think.
On the one hand, they will provide law enforcement agencies and authorities with information related to bitcoin. This clearly reduces the value of anonymous promises in the electronic money world. Although the public ledger, as the name implies, is public. On the other hand, Amazon supplies and its stability help providers have an effective mechanism to accept bitcoin payments. This is a strong impetus for Bitcoin's quest for broad acceptance.
Amazon is fast growing online company and now when they start accepting bitcoin they will enhance their services and business. It is also easy for people to buy products in Amazon and pay them from their wallet. Transaction sometimes takes long time but it will be covered in the future. Now people will prefer to buy their daily necessities online. The world is going to change.
I think if Amazon accepts Bitcoin, it gives buyer an incentive to trade directly in Bitcoin, and with the bank accounts associated with Bitcoin, it would be technically simple to click activity.
It is good news because now we will be able to buy hardware from any part of the world I am sure it will increase the price of bitcoin as well,. It will allow the online billing and it will open new gates of success for the investors as well, I think everyone should invest this way as it is the only way to get more income than any other investment after this great news.
It is not good that Amazon provides personal information to law enforcement agencies, because if its customers come to know about this they will never shop online from Amazon. I will never allow anybody to reveal my personal data related to bitcoin. They have nothing to do with it. I am not using my coins in any illegal activity but using with highly reputable worldwide online company.