Quote from: Charot12345 on Today at 01:28:13 PM

Quote from: 2double0 on July 27, 2021, 02:02:16 PM

I came through a post here
https://bitcointalk.org/index.php?topic=5351319.msg57557132#msg57557132

And it says that will Amazon adopt btc or not till specified date there.

A question struck my head.
Do such companies need it?
I am not against Amazon or any other big tech names, but as we understand it, Tesla and others have came in crypto to make profits by holding it. But companies like PayPal and Amazon settle millions of dollars on a daily basis sent to their vendors who sell products there successfully. If taken into consideration, then these companies accepting btc will be offering it to users just for their convenience but can't store btc for a long period of time, which means that much btc will be coming back to either exchanges or sold through OTC on a daily basis to settle their deals with vendors quick. Is such an adoption going to harm the overall value of bitcoins if sales will take place through big companies (not Tesla and all who are here for profit)?

Well business is business. If they can make profit from it then they will adopt it. And if they decided to adopt it, it is posible that they will not hold it and will just for daily basis because its' volatility is a high risk for them and they might still prioritized fiat because most of thier client prefer fiat right now. But just in case they will really do it, they already have a reserved plans about the fluctuations or have plans to solve some risk brought by its volatility.

Nowadays, those who waste bitcoin are considered unwise, it implies that arbitrariness in the exchange of bitcoin is discouraged for basic needs, from this root cause, users and Amazon also relieve quite a lot of stress as well as a few throttling issues because as you say, Amazon doesn't volunteer to acquire bitcoin because of volatility, users also do not volunteer for spending, except for the emergency capacity. The possibility circle of the two sides is so small, there is no high risk for this consensus