Quote from: ShakyhandsBTCer on June 30, 2014, 11:38:33 PM

Quote from: StatusSeeking on June 30, 2014, 07:56:01 AM

Quote from: JypsiCreme on June 30, 2014, 07:43:58 AM

Quote from: FlowerMatt on June 30, 2014, 04:59:42 AM

No no no no - too big, too soon.

You're not thinking clearly. I'm very bearish about the future of bitcoin, but this would be a really good thing for bitcoin. Amazon isn't just a giant online marketplace, it also has huge cloud resources and enough IT horsepower to render needing dozens of other exchanges pretty moot.

What exactly would Amazon do with the Bitcoins? They can't pay their employees or maintain their servers with it. Amazon would be the only major store taking Bitcoins. They would become bloated and Bitcoin would be worthless. Rick is right, it is too big and too soon. Economies need to cycle money and Amazon wouldn't have anywhere to put the Bitcoins after they have been paid.

Overstock accepts bitcoin and they keep 10% of bitcoin related profits on their books

Really, 10%? That's a pretty big position for a retail company who's presumably not into currency speculation. Obviously as a member of the bitcoin community, I hope they're making the right move. Still it's a surprise. Do you happen to have a link to an articule dicussing them keeping 10% of their bitcoins in bitcoins?