Quote from: tarable on February 07, 2019, 05:23:39 PM

Quote from: Fabienne_ayy on February 06, 2019, 07:38:20 AM

Quote from: stuffokator on January 25, 2019, 12:40:37 PM

There are a lot of small shops which accept crypto payments around the world. However, in my opinion, what will really push the cryptocurrencies forward is the adoption of Bitcoin by some big player in the trading industry, such as Amazon.

What do you think, will Amazon start to accept Bitcoin as a payment method if its price rises to new-record values again (like in 2017)? Could it be that they are not adopting it because they treat crypto as a hostile technology for their business? Or they just don't take Bitcoin seriously, like thinking it will despair in the near future?

probably amazon won't accept BTC in near future cause they may develop their own cryptocurrency opening up a lot of opportunities for them

indeed because of the constraints that the price of bitcoin is still not stable like gold. so it's likely that someday Amazon will definitely want to adopt bitcoin when the price of bitcoin is stable

Let's assume for a moment that it's not the volatility of BTC that is holding Amazon back.

What do you think the other reasons may be?

Perhaps there are two obstacles that have Amazon exercising restraint:

1. BTC is not anonymous. If BTC became their primary means of payment, then for the first time the whole world and all of Amazon's competitors (whoever they are) will see their true earnings. This is of great significance to any competitor. Yes Amazon has to declare earnings every year, but BTC earnings are a whole different ballgame: it is true earnings on the most granular level (down to the actual transaction!) which can then filter up to an annual earnings report so one can't lie about what the earnings are, one can't repudiate the earnings in any way and one can't hide what one does not want others to see.

2. BTC simply cannot hold a candle right now to the scale at which Amazon is processing payments. I love Bitcoin. I truly do, we know it's the future but it's just not ready for the big leagues; or Amazon's league. Yes Lightning Network is out there, but it has yet to mature and prove itself worthy of processing payments at the level Amazon is running at, which is surely in the three and four figures per second. Yes I know the theory but have yet to see it in practice. Perhaps I am missing something though? Is lightning network demonstrably up to par with the kind of performance that Amazon would expect it to run at? Can it provably (not theoretically) sustain those kinds of numbers, not just in throughput but in holding that kind of liquidity?